To the Economy and Workers: Challenges and Opportunity

Abstract

The rapid development of automation and new technologies over nearly two centuries has sparked heated discussions. Programmable, repetitive jobs are being replaced by technology, leaving large numbers of middle-skilled workers unemployable, and causing employment difficulties. But at the same time, the development of automation has created new employment opportunities for another group of laborers. Similarly, the development of automation once accelerated economic growth, but as the development of automation slowed down, economic growth encountered a corresponding bottleneck as well. In this paper, it is mainly used to refer to the historical development of literature research, analyze and summarize, so that the observed specific situation can be summarized. In addition, there are also descriptive studies, which generally describe the experience of the predecessors, play a revealing role, and further analyze and demonstrate. The research questions in this paper revolve around the economic and workforce implications of advances in automation. The source of this thinking is that automation replaces labor, resulting in a large number of middle-skilled workers being unemployed and abandoned by the market because they do not have the ability to use new technologies. This group has a huge base in society, and improving this situation will help reduce poverty, break through the economic bottleneck. The conclusion of this paper is that workers need to improve their competitiveness in the market, and the government needs to adjust policies to adapt the labor force to the market, and that the market is close to meeting the employment needs of the labor force.