In recent years, companies have been increasingly turning to machines to replace jobs that used to be done by humans. The rise of automation and artificial intelligence have completely reshaped the modern economy, with some experts saying that mankind is at a “tipping point” and heading towards a “long and painful process” for the average worker.
Logically, many people worry what will happen to their jobs as companies replace them with machines, but many economists say that such a fear is not fact-based.
The argument is that when technology destroys jobs, people find other ones, earning new skills and knowledge that make them irreplaceable.
While there will clearly be some painful adjustment with the rise of automation and machines, the doom and gloom scenarios that some paint are not a long-term problem for society. Watch military veteran Wayne DuPree discuss this below.
The “tipping point” that some economists fear we are approaching is in response to the sudden rapid expansion of new technologies being used in everyday work, a feat that has been seen throughout history.
While we may be at a “tipping point,” this is not a new phenomenon, as societies have always handled such challenges, for the betterment of society.
Do you fear that society may be at a “tipping point” when it comes to technological advancements? Let us know in the comments section below and share this to ease the worry of your friends!
Source: Daily Mail
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