Saturday, 7 January 2017

Will Automation Make us Poor?

Mises Wire



Automation has become a huge concern in recent years. With computer algorithms getting more and more sophisticated, machines are becoming increasingly able to do jobs that are many people’s bread and butter.
Driverless cars have been tested on our roads for years. Although they aren’t commercially available yet, they eventually will be. Once that happens, they’ll replace cab drivers, as well as people currently contracted by rideshare companies like Uber and Lyft. After all, if employers can remove the expense of paying drivers, they can provide their services for much cheaper while still retaining a greater net profit. Automated vehicles will also replace commercial freight drivers. 
That’s not the only place automation might shift the job market. We’ve already seen integration of self-checkout registers in large grocery chains. Even fast food restaurants are getting behind the trend. McDonald’s currently has kiosks at various locations that allow customers to order and receive their food without any human interaction. Carl’s Jr. and Hardees intend to test out kiosks at some of their locations as well.

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