by Adam J. Crawford, Casey Research:
Robots are invading the factories and taking all the jobs.
Okay, this isn’t exactly breaking news. Industrial automation—the turning over of manual and mechanical processes to self-acting and self-regulating machines—has been going on in one form or another for over 200 years, driven by the industrialist’s idea of nirvana: a factory where machines do all the work, and do it more efficiently and with greater precision than humans ever could. These machines are never late for work, they never complain about coworkers, nor do they quit on short notice when another employer dangles a 50-cent-per-hour raise in their face.
But there is, of course, another point of view, one that is charged with pathos and compassion. Automation comes at the cost of real jobs to real people. And if too much automation comes too fast, it can ignite social unrest.
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