Great topic and job loss has been going on for years. The most recent example is Amazon massive automation of shopping closing many stores reducing store clerks very quickly. That also reduced the price of goods.

Another example is automation of semiconductors and electric assembly. Of course massive increase in demand (cell phones for everyone) . The cell phone you use has the computer power of a $10,000,000 computer of the 1960’s.

So two interesting implications of automation. One is fewer jobs. But the other is less cost.


This trend to lower cost with automation will drive down prices in manufacturing, food production, auto’s, medicine, all industries.

How about 6 week summer vacation just like Europe? And a 30 hour work week. Both will increase jobs.

My point is prices will decline so less money needed to the same value. And total hours can decline for each job category so more folks are employed.

Remember the $600 microwave? Now it’s $59.00. Or the VCR at $600 and now just part of the cloud, just a few dollars of memory storage.

My guess $40000 cars today will, in 10 years see the price drop to $10,000.

Research and engineering have “robots” tools that automate design and innovation. Which means better products and lower price with fewer engineers.

Thanks