In "The Automation Paradox", Positive Impact of Automation on Jobs

Positive Impact of Automation on Jobs

In "The Automation Paradox," the writer identifies several positive impacts of automation on jobs. One such beneficial effect is the boost in overall global GDP by up to 7% within the next ten years, as suggested by Goldman Sachs. The introduction of automation and Artificial Intelligence (AI) could lead to increased efficiency and a higher output and quality of goods, which some believe might stimulate demand for new job types, particularly in areas of community and social service, personal care and service, finance, computer and information services, and healthcare.

These sectors are projected to experience growth despite the decline of jobs in traditional sectors such as fishing and forestry. Automation may also require a smaller number of workers to produce more goods in companies, which can lead to lower cost and higher profitability, as seen in the hypothetical company Technotron scenario.