Automation - Relationship To Unemployment

Relationship To Unemployment

Although the process of implementing automation to industries may cause a temporary fall in the demand for Human capital, in the long run and for society as a whole it has only led to cheaper products, lower average work hours, and new industries forming (I.e, robotics industries, computer industries, design industries).

Read more about this topic:  Automation

Famous quotes containing the words relationship and/or unemployment:

    “We must introduce a new balance in the relationship between the individual and the government—a balance that favors greater individual freedom and self-reliance.”
    —Gerald R. Ford (b. 1913)

    “... of all the aspects of social misery nothing is so heartbreaking as unemployment ...”
    —Jane Addams (1860–1935)