WHY AUTOMATION WILL NEVER COMPLETELY REPLACE LABOR


“Because when you automate a job that has largely been done manually, you make it hugely more productive.” And when that happens, he explained, “prices go down and demand goes up” for the product. At the beginning of the nineteenth century, many people had one set of clothes—and they were all man-made. And by the end of that century, most people had multiple sets of clothing, drapes on their windows, rugs on their floors, and upholstery on their furniture. That is, as the automation in weaving went up and the price went down, “people found so many more uses for cloth, and so demand exploded enough to actually offset the substitution of more machines for labor,”Excerpt From: Thomas L. Friedman. “Thank You for Being Late.” 

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