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Why are there still so many jobs? The History and Future of Work…
Why are there still so many jobs? The History and Future of Work automation?
Job polarisation
affects the distribution of productivity gains.
rising wages
abstract task-intensive jobs
Managerial, professional and technical occupations.
high education
low-education
manual task-intensive jobs
what is the history of workplace automation?
what is the future of workplace automation?
reason that automation has not wiped out majority of jobs.
Productivity increases
High demand for labour
example: increase in jobs in the clerical sales.
.
automation complements labour not replace
example: In a bank Tellers did not substitute clerks, or salesperson in tasks which required forging relationships with customers but it complimented these tasks
jobs that often involve repetitive tasks becomes automated.
What is the risk that this has on the possibility of jobs being replaced :question:
they become automated.
example: operative and laborer jobs decreased as a result of this.
Terms
Polanyi's paradox explains the 2 tasks that are hard to codify
manual tasks require situational adaptability, visual and language recognition, and in-person interactions
abstract tasks: require judgement, creativity and problem-solving skills.
what are the mitigating forces?
labour supply
complementarity
demand elasticity