Rapid technological advancement led
to an increased public interest in automation and robotics. The
advantages of robotics is that
- It increases productivity as well
as competitiveness- small to medium companies are the backbone of
developed and developing countries. When robotics are used
effectively it will increase the competitiveness of these
companies. Increased use of robots enables companies of high cost
countries to bring back their domestic base parts of the supply
chain that they have previously out sourced to sources of cheaper
labour. In current situation the greatest threat to employment is
the ability to remain competetive.
- Increased productivity result in
increased demand and creates new job.
- Automation can lead to increased
demand for labour and impact positively on wages
- Instead of replacing jobs robots
substitutes labour activities- Automation gives humans the
opportunity to focus on higher skilled, higher quality and higher
paid tasks.
- Governments and companies must
focus on providing the right skills to current and future workers
to ensure a continuation of the positive impact of robots on
employment, job quality and wages
The rapid increase in use of robots
impacted workplace by achieving broad economic sale without large
number of employees. As technology has substituted labour in a lot
of fields . It has dramatic concequences for middle class jobs and
incomes. There is evidence that these techonology is destroying
jobs and instead it creates new and better jobs.