Chapter 12The Effect of Automation on the Labor Force
12.1 Chapter Summary
Chapter 12 describes the effect that automation will have on the labor force, summarizing all of the lost jobs and all of the new jobs identified in Chapters 3–10. The differences between the new jobs and the lost jobs are analyzed to identify the skills and abilities that human workers will need to transition to new occupations. General tips are provided to help workers to prepare themselves through additional education or training. Given what has been explained in previous chapters, the production equation is revisited to explain the use of the equation to find combinations of labor and machine inputs that would be optimal for a particular ...
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