Question

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.

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.