Do you think that the automation employed in industry is increasing unemployment?

uptrendfinancialsignal

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• Feb 9, 2024

• #1

The automation of industry as undoubtedly have impact on the labor market because it has a great impact in the unemployment rate.

However, the topic requires a careful examintion. Automation result in job displacement in some sectors,. while it's also created opportunities in some other industries as well.

 

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Etini Willie

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• Jul 22, 2024

• #2

Automation might increase unemployment but it helps a business to reduce costs and make more profits. That's why you can't really fault it.

 

Shavkat

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• Jul 22, 2024

• #3

It is possible and it is also happening in manufacturing companies now. In time, people will be replaced by these things.

 

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King Belieal

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• Oct 22, 2024

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Automation of industries might increase unemployment in a way but it helps businesses to achieve profitability.

 

eldavis

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• Oct 22, 2024

• #5

It some ways it has, but at the same time it has also helped to create extra jobs, especially in the tech industry.

 

nomad

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• Oct 22, 2024

• #6

Unemployment is increasing but I do not think automation is the main reason, the actual reason for unemployment is lack of skills required in the modern job market