If jobs are “lost” because robots are doing more work, why is it a problem that the population is aging and there are fewer in “working age”? Shouldn’t the two effects sort of cancel each other out?

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If jobs are “lost” because robots are doing more work, why is it a problem that the population is aging and there are fewer in “working age”? Shouldn’t the two effects sort of cancel each other out?

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Anonymous 0 Comments

In theory, automation should lower the cost of goods. In addition, it should free up workers for other jobs that can’t be automated. I mean look at our economy… there’s a ton of automation, yet we’re near full employment.

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