The important effects of automation on employment- good or bad?

The advancement of machinery in the working world has been commonplace for centuries, dating all the way back to the Industrial Revolution and the pioneering of automation such as steam engines and sewing machines, but it is in recent decades that a fierce debate has emerged about what automation means for the security of employment. The automation of manufacturing jobs has resulted in the loss of millions of jobs worldwide. In 2017, the economic forecaster Oxford Economics predicted that up to 20 million net jobs worldwide could be lost to automation by 2030. Even though the technology involved in […]

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