Please enable JavaScript.
Coggle requires JavaScript to display documents.
Automation & Unemployment (What is Automation (the creation and…
Automation & Unemployment
What is Automation
the creation and application of technology to monitor and control the production and delivery of products and services
physical robots as well as artificial intelligence
automation is used in many factory jobs
Automation can help companies to save money in the long term
will take over some jobs
The Unemployment Part
people who do not have a job, have actively looked for work in the past four weeks, and are currently available for work
75 million and 375 million people around the world may need to change occupational categories
job polarization in which low and middle skill jobs will be eliminated but the amount of high skill jobs will expand
47% of jobs will be eliminated due to automation
The Issue
automation has caused the electorate to opt for more radical policy changes
lower education levels and more “routine” jobs which are the ones that will be taken over
lower income side of the spectrum will have no more hope in the democratic system
73 million in the United States, will be forced out of their current jobs by AI and robotics
Solutions to the issue
Retraining programs are where workers would be taught new skills that could help them have a higher chance of getting employed
Welfare programs are government funded programs, amount of money or aid is given to a set group of people that have qualified for this aid
Universal basic income (UBI), is when every citizen is given a set amount of money with no strings attached to it
Raise Income taxes on wealthy
Impliment a wealth tax like Elizabeth Warrens