How can robots and automation increase employment?
Thousands of people jobless due to computers. Now, millions of people jobless due to robots. Sounds harsh, right? Also disagreeable due to the computer scenario being not so bad. There is also a News Report by Bloomberg that 200,000 jobs in banking are at loss due to robots in the next decade (2020-2030) - Link Well, how did we handle the computer revolution? By helping every person of any age to get accustomed to the computers. Many countries now have IT (Information technology) as a mandatory subject in their school and colleges. Many workplaces try to provide basic computer training to their employees free of cost, as a long term investment into their business because when nobody fires a senior experienced employee to get a tech savvy novice having zero experience fresh off the college. Now, with increasing penetration of technology, I think it will make non-tech people irrelevant. While finding a finance job, now with accounting knowledge, you need technical knowledge...