An industrial robot welds a car together. Source: AP 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 […]
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