Question

1. What roles do you think humans and robots will play in the economy of the...

1. What roles do you think humans and robots will play in the economy of the near/distant future?

2. Are you anxious your job prospects will be adversely affected by technological progress? Or do you think technological progress puts you (all of us) in a stronger position?

3. Should the government do anything to mitigate the adverse effects of technological progress? If so, what?

You answer should be between 250-300 words.

Homework Answers

Answer #1

1. I think in some cases robots will undercut humans in the labor market while rendering them totally unnecessary and can be effectively rendered retired. Take an example that by 2040 there will be 75% unemployed drivers owing to 75% driverless traffic. Thus there will be immense displacement of jobs in the transportation industry. However, take an example of other fields; with the arrival of ATM machines a portion of work was automated. Here in this case bank tellers didn’t go away but their jobs were fundamentally changed. Thus here in this case people won’t be losing their jobs.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Should the government do anything to mitigate the adverse effects of technological progress? If so, what?
Should the government do anything to mitigate the adverse effects of technological progress? If so, what?
What role do you think unconscious bias might play in the workplace, and how might training...
What role do you think unconscious bias might play in the workplace, and how might training like this help? Should we be doing anything else? What is your definition of unconscious or implicit bias?
What do you think are the effects of offshoring on the U.S. economy?
What do you think are the effects of offshoring on the U.S. economy?
how do you think the technician is best able to serve the public? Do you think...
how do you think the technician is best able to serve the public? Do you think they should receive special training or certification with respect to these drugs? Do you know Techs are most likely the ones to ring up products along with Rx items and answering questions from the public, and It is estimated that 50% of all OTC consumption is by the elderly? Often the geriatric population will over-medicate, duplicate therapy as they are taking Rx meds or...
What role, if any, do you think the central government should play in creating social welfare...
What role, if any, do you think the central government should play in creating social welfare safety nets for citizens? Include in your discussion how the economic stimulus package that is providing up to $1,200 for each taxpayer (not counted as a dependent), plus $500 for each dependent could become a disincentive for citizens to return to work when the economy and nation returns to something resembling normal.
provide 3-4 paragraphs post (team 2) 1-What are 4 key things you learned about the topic...
provide 3-4 paragraphs post (team 2) 1-What are 4 key things you learned about the topic from reading their paper? 2-How does the topic relate to you and your current or past job? 3-Critique the paper in terms of the organization and quality.1- Employee Stress and how it has an Adverse Effect on a Company This paper explores employee stress and how it has an adverse effect on a company, its employees and the organization. Job stress can have a...
1-How important do you believe it is to be task-oriented and relationship-orientated? How would you describe...
1-How important do you believe it is to be task-oriented and relationship-orientated? How would you describe Musk? 2-Why do you think Musk is successful in overcoming obstacles and handling conflict? How do you overcome obstacles in influencing individuals in your life? 3-Besides the personality traits given in chapter 2, what other traits attribute to a great leader? Recognizing Your Traits The definition of intelligence is the ability to acquire and apply knowledge and skills. Elon Musk knew little about rockets...
Question: Assuming that a vaccine is discovered in say 18 months, discuss what might have happened...
Question: Assuming that a vaccine is discovered in say 18 months, discuss what might have happened to the LRAS curve over the period of the COVID crisis. Although the virus has delayed the budget until October …. last week the secretary to the Treasury dropped some big hints on what to expect. In evidence to the Senate committee inquiring into the response to the virus, Dr Steven Kennedy started with the outlook for the labour market. The latest figures from...
Whatever It Takes: How the Fed Aims to Rescue the Economy The central bank is using...
Whatever It Takes: How the Fed Aims to Rescue the Economy The central bank is using tactics from the last financial crisis and deploying new ones to keep money flowing. Here are the basics. The Federal Reserve, under Jerome H. Powell, is moving to shore up the American economy during the coronavirus pandemic. Credit...Yuri Gripas/Reuters By Ben Casselman March 23, 2020 The Federal Reserve on Monday pledged to do, in essence, whatever it takes to keep the economy from collapsing...
Months into the COVID-19 pandemic, which continues to affect a growing number of countries and people,...
Months into the COVID-19 pandemic, which continues to affect a growing number of countries and people, 1 the responses to our newest McKinsey Global Survey on economic sentiment confirm the extent of the damage so far. 2 Respondents are much likelier now than in March (52 percent, up from 10 percent) to say their countries’ economies have declined substantially in recent months, and more than twice as likely to report substantially worse conditions in the global economy. Across geographies, vast...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT