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:
“When a mother quarrels with a daughter, she has a double dose of unhappiness—hers from the conflict, and empathy with her daughter’s from the conflict with her. Throughout her life a mother retains this special need to maintain a good relationship with her daughter.”
—Terri Apter (20th century)
“When a great many people are unable to find work, unemployment results.”
—Calvin Coolidge (1872–1933)