The hottest automation promotes wealth, increases

2022-07-23
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Automation promotes the increase of wealth and consumption: create more jobs Christopher MIMS, a Wall Street writer, said in an article that automation technology can actually create more jobs. A large number of empirical examples show that the productivity increase brought about by automation technology and invention will eventually create more wealth, reduce product prices, improve consumers' consumption ability, and then create more jobs

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since the birth of ATM in the 1970s, the number of tellers in Bank of America has more than doubled. Just as the fear that automation technology will take away human jobs is rekindled, James bessen, an economist who teaches at Boston University Law School, pointed out that seemingly contradictory phenomenon. Jobs and automation tend to grow together, he says

in his Ted speech, MIT labor economist David autor said that, of course, sometimes machines do replace humans, such as in agriculture and manufacturing. However, in the whole economic field, what ortel said never happened

after the presidential election, which inspired the disappointment of working-class voters, the threat of machines to workers became the focus of the media again. Last week, Amazon launched its Amazon go store, which is queue free and has no cashier

Donald Trump, the president-elect, nominated Andy puzder, CEO of CKE catering company, as secretary of labor by pressing the tightening button on the oil control box to clamp the sample. Puzder said that self-service ordering machines, such as those recently launched by McDonald's, would help his company eliminate some employees

such progress is worrying. However, from a large number of empirical examples, the productivity increase brought about by automation technology and invention will eventually create more wealth, reduce product prices, improve consumer spending power, and then bring more jobs

taking bank tellers as an example, the popularity of ATMs means that bank branches will become smaller, so the service price will decline. Besson points out that banks have opened more branches, thus employing more tellers

some individuals are adversely affected by the promotion of automation technology. In 1900, 40% of American workers were engaged in agriculture; Today, the proportion has dropped to less than 2%. With the increase of productivity, the number of manufacturing workers in industrial countries has decreased in recent decades. But on the whole, the impact of automation technology on social employment is positive

it is true that the pig iron market is expected to continue to be weak in a short time due to the technical reform, which has changed the quality and quantity of jobs. Ian Stewart, Deloitte's chief British economist, CO wrote a paper last year to assess the changes in the nature of work in Britain, the cradle of the industrial revolution, using census data dating back to the late 1700s

the authors found that there was a significant increase in both low paid and high paid jobs. There are more barbers and Barmen. At the same time, the number of accountants and the Shanghai stock market has also increased, which reflects the increasing complexity of the modern economy

Stewart pointed out that many fields that have been most changed by technological progress have the most additional employees, from medical treatment to management consulting. What we found is that machines and humans are highly complementary

this two-level labor market also has side effects. The lost factory jobs were mainly replaced by jobs in the service industry. Highly skilled people such as doctors and computer programmers were paid more, while many others were working for the comfort and health of the rich. The stagnant salary growth of the middle class has helped to promote the current populism

in 1960 and 1970, it was a good thing to work in a large-scale manufacturing industry. Ortel said that a large number of good jobs were created in that era. It needed a large number of people and some but not many skills. Those jobs also have relatively high added value. But he added that that era was over

that encourages critics, technicians and economists to make a different argument about this time. They believe that the simultaneous rise of robots and artificial intelligence has given birth to robot security and driverless trucks, which will make many people completely unemployed

I am optimistic. Although artificial intelligence has made various progress in recent years, these technologies are basically only applicable to a few fields, such as image recognition and speech processing. Human beings can do all these things, but also some other things, which can help us transition to a new type of work

some optimists worry that human beings are always backward. We are evolving and our jobs are changing. Rob nail, CEO of Silicon Valley singularity University, pointed out that, however, the difference is that human beings have very limited time to make changes, because technology is changing at an exponential rate

employment transition

Besson said that the problem is not widespread unemployment, but the transition from one job to another

other countries have invested more resources than the United States in assisting and retraining the unemployed. Ortel said that Denmark's investment in this area accounted for 25 times as much as that of the United States

he mentioned another historical case. Towards the end of the nineteenthcentury, as farmland turned to automatic operation, the agricultural producing states in the United States faced the prospect of mass unemployment

in response to this situation, they launched a high school campaign, requiring everyone not to leave school before the age of 16. The cost of this project is very high, not only because of the construction of new schools and the employment of new teachers, but also because these young people can no longer work in farmland and have no economic income. But it made workers better prepared for factory jobs in the 20th century, and greatly increased the enrollment rate of universities after World War II

as a country, we are very rich. Ortel said that if there is anyone who can do something about this transition, it is us

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