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

[uptrendfinancialsignal]

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.

 

[Etini Willie]

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]

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

 

[King Belieal]

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

 

[eldavis]

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

 

[nomad]

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