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Loss of Jobs due to Automatization (Solutions for Unemployment…
Loss of Jobs due to Automatization
Automatization
Is
The form to make anything with the help of the technology
Advantage
Increase in accuracy and repeatability
Reduction in production time
Less human error
Less employee costs
Increased safety
Higher volume production
Disadvantage
Less versatility
Large initial investment
More pollution
Increase in unemployment
Unpredictable costs
Historic Characteristics
In the past 20 years, technology has changed the nature of manufacturing
In the old days, manufacturing and fabrication were all done by hand by people
Automation has become the competitive advantage in today’s manufacturing world
Unemployment
Is a problem in the new century
Means
Has more benefits for the companies
Because
Automatization is more cheaper and more faster than the employers
Solutions for Unemployment
Banning/refusing innovation
Welfare payments
Basic income
Shorter working hours
Education
Public works
Broadening the ownership of technological assets
Structural changes towards a post-scarcity economy