Ever since conclusion of the first Industrial Revolution around the 18th century, there has been a lot of discussion about how machines are taking over the tasks that were previously done by humans. To understand that, we must know why they were so successful in the first place. A definition of a machine that is taught to many young students is that it is something “that makes life easier”; not far off from the truth but not quite the complete information either. Some of the first jobs that machines took were those that required a lot of labor or effort to do, for instance, moving bricks or harvesting a field, both of which could be easily done with a tractor. Not only does it cut the costs a company has to make for the salaries of the required labor but the tractor is efficient, as it saves time and is more reliable. We can take a more recent example of this situation, back in 1979, General Motors had about 800,000 employees and made about USD 11 billion, now, fast forward a few years till 2012 and you have Google making USD 14 billion with only 58,00 people.
The Impact of Automation on Jobs
Ever since conclusion of the first Industrial Revolution around the 18th century, there has been a lot of discussion about how machines are taking over the tasks that were previously done by humans. To understand that, we must know why they were so successful in the first place. A definition of a machine that is taught to many young students is that it is something “that makes life easier”; not far off from the truth but not quite the complete information either. Some of the first jobs that machines took were those that required a lot of labor or effort to do, for instance, moving bricks or harvesting a field, both of which could be easily done with a tractor. Not only does it cut the costs a company has to make for the salaries of the required labor but the tractor is efficient, as it saves time and is more reliable. We can take a more recent example of this situation, back in 1979, General Motors had about 800,000 employees and made about USD 11 billion, now, fast forward a few years till 2012 and you have Google making USD 14 billion with only 58,00 people.
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