The Automation Myth - Deepstash
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The Automation Myth

The Automation Myth

For decades, we have believed that automation and huge leaps in technology will take away most of our jobs and there will be widespread unemployment.

A new study shows that this belief is incorrect. Job growth and living standards have continued to rise on an average scale.

42

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Usefulness of Technology

Usefulness of Technology

Smartphones and the internet haven't provided a sharp increase in productivity, as compared to the other revolutionary inventions like Television, Air-conditioning or Jet Planes.

40

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The Solow Paradox

The Solow Paradox

The Solow Paradox suggests that automation and computerization aren't taking our jobs, but are adding to our overall workload, taking away our leisure time.

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Hours worked vs Income

Hours worked vs Income

The average working hours have declined only 6 percent, while income has increased at a decent rate per year.

The economy has actually grown even after automation, due to the addition of workers.

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321 reads

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Automation and Future of Jobs

Economists have been long worried that automation will take away our jobs. As old kinds of jobs disappear due to technology and automation, new kinds of work started emerging.
The rising cases of stress and burnout due to more hours of work is contrary to what should have happened due to autom...

The Future Work Market

The Future Work Market

Automation will do away with most existing jobs but it will also create new ones. Retraining in a massive scale will be necessary. 

In particular, manual laborers are at risk of unemployment in the absence of retraining, as the new jobs will be in more specialized areas. Govern...

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