What is the impact of technology on job automation? 🔊
The impact of technology on job automation includes increased efficiency, decreased demand for manual labor, and a shift in job skill requirements. Automation technologies, such as robotics and AI, streamline repetitive tasks, allowing businesses to reduce labor costs and increase productivity. However, this often leads to job displacement, particularly in industries like manufacturing and retail. Consequently, the workforce must adapt by acquiring new skills, focusing on areas like data analysis and technology management, to remain relevant in a rapidly changing job market shaped by technological advancements.
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