Will Automation Benefit Or Harm Developing Economies?

adamhholmes

Seen a passport
Dec 12, 2023
246
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I’ve been reading about the rise of automation in different industries, especially in developing countries. Some argue it’ll create more jobs, others say it’s going to displace a lot of low-skilled workers. The truth is, automation can boost efficiency, but at what cost? It’s not as simple as saying, "machines will take over," because the process requires skilled labor to manage and maintain. Thoughts?
 
That’s a really good point! But I’m curious… how would developing economies even keep up with the demand for skilled workers to maintain this tech? Wouldn’t it take a lot of resources just to train people for these roles?
 
I think the bigger issue is whether these economies are ready to integrate automation into their current systems. Some countries may not have the infrastructure in place, which could make the transition slow and expensive. In that case, could automation actually widen the gap between developed and developing nations?
 
I think the bigger issue is whether these economies are ready to integrate automation into their current systems. Some countries may not have the infrastructure in place, which could make the transition slow and expensive. In that case, could automation actually widen the gap between developed and developing nations?
🤔 Good question! Automation could definitely increase that gap! But at the same time, it could also help developing countries catch up if they invest properly! It’s a double-edged sword. 💡
 
I’m wondering, if automation starts replacing workers in factories, for example, what happens to all those jobs? How will people make a living? Does anyone know of real examples of this happening somewhere?
 
I’m wondering, if automation starts replacing workers in factories, for example, what happens to all those jobs? How will people make a living? Does anyone know of real examples of this happening somewhere?
I think people always panic about job losses, but in the long run, automation usually creates different types of jobs. Look at the industrial revolution! New tech created more opportunities than it destroyed, right?
 
I think people always panic about job losses, but in the long run, automation usually creates different types of jobs. Look at the industrial revolution! New tech created more opportunities than it destroyed, right?
YES!! Automation is just the NEXT STEP in progress!!! Sure, some jobs might disappear, but think about the NEW ones!! Tech maintenance, AI programming, robotics!! There’s so much potential!!! 🌟🌟
 
It’s fascinating, isn’t it? The idea of machines replacing mundane tasks gives us, humans, the chance to focus on innovation, creativity, and growth. Automation isn’t the enemy. It’s the artist’s brush that can paint a brighter future for developing economies, as long as we use it wisely. 🌍✨
 
It’s fascinating, isn’t it? The idea of machines replacing mundane tasks gives us, humans, the chance to focus on innovation, creativity, and growth. Automation isn’t the enemy. It’s the artist’s brush that can paint a brighter future for developing economies, as long as we use it wisely. 🌍✨
I think people always panic about job losses, but in the long run, automation usually creates different types of jobs. Look at the industrial revolution! New tech created more opportunities than it destroyed, right?
Victor Beautifully said. But Mike, isn’t that comparison to the industrial revolution kinda flawed? Back then, there weren’t nearly as many complex systems at play. Now, a whole new ecosystem of skills is required, and I’m not sure everyone can adapt fast enough.