Automation is changing the economy and workforce – and significantly. Due to robots, computers and better technology, it takes far fewer workers to get the same amount of economic output. The data are clear: Manufacturing output in the US has never been higher, and yet the number of people employed in that sector has fallen dramatically since 2000. Similarly, retail sales have skyrocketed thanks to Amazon and other e-commerce companies while retail employment stagnates and store closings ramp up.
And more is likely to come: Self-driving cars no longer live in the imagination, but out on the roads of northern […]
Full Post at malaysiandigest.com