1/25/1921 ...
It's inevitable.
According to a historical analysis conducted by Mr. Muro and others at Brookings, recessions such as the one we’ve been in are the times businesses are most likely to replace humans with automation. This happens because, when recessions hit, revenue falls faster than wages. The result is that automation goes from a nice-to-have to a perceived necessity for cash-strapped companies.
Even when the economy recovers, that automation isn’t going away, adds Mr. Muro. While in the long run automation increases economic productivity and creates more jobs, in the short term it can mean unemployment and worse jobs for those swept aside by it. There is also the chronic and worsening problem that America is experiencing ever-greater economic inequality despite increased productivity from automation.
When she gave talks a decade ago, says Dr. Knight, she told her audiences that the robot revolution was already well under way, only it was happening behind closed doors, in places like factories and warehouses. What’s different now is that the robot revolution is happening in public, and is therefore unavoidable, even personal. In our homes, our places of work, on our streets, in our skies, robots are becoming a part of our everyday lives as they have never before.
As stated before in BRT, it's different now.
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