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 to, relationship and/or unemployment:

    Sometimes in our relationship to another human being the proper balance of friendship is restored when we put a few grains of impropriety onto our own side of the scale.
    Friedrich Nietzsche (1844–1900)

    Christianity as an organized religion has not always had a harmonious relationship with the family. Unlike Judaism, it kept almost no rituals that took place in private homes. The esteem that monasticism and priestly celibacy enjoyed implied a denigration of marriage and parenthood.
    Beatrice Gottlieb, U.S. historian. The Family in the Western World from the Black Death to the Industrial Age, ch. 12, Oxford University Press (1993)

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