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Sep
30
2011
"As robots become smarter, they are replacing more and more jobs. Does that have to mean people are out of work? Or can it mean that people work better and safer? "
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The history of our economy is ultimately a history of labor savings. Labor gets displaced from certain markets or sectors and re-distributed to others as innovation makes certain tasks obsolete. This is the march of history, from mechanized looms to mass production and modern automobile manufacturing. So while labor savings can be disruptive, it is also a core engine of technological progress. For those skeptics, the power of robots may well provide a humanizing touch to our economy. We can finally outsource work that doesn’t match our human potential and capabilities.
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