8lackJack8lack

8lackJack8lack t1_ivsc92o wrote

Reply to comment by [deleted] in A study found that people perceive that robots are replacing human jobs at a greater rate than they actually are. Only 14% of workers say they’ve had their job replaced by a robot. Workers who had been supplanted by a robot estimated that 47% of all jobs have been lost to robots. by Brave_Cycle_8745

The narrative of this post/article is that automation/robots will eventually replace a large percentage of human workers.

There won't be just another different job.

Companies racing to replace humans with automation to reduce costs (increase short term profits) are forgetting that their business also creates an income for the people they once employed.

A portion of that income spent at various businesses.

Automation is a race to self destruction.

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8lackJack8lack t1_ivs6lra wrote

Reply to comment by bane5454 in A study found that people perceive that robots are replacing human jobs at a greater rate than they actually are. Only 14% of workers say they’ve had their job replaced by a robot. Workers who had been supplanted by a robot estimated that 47% of all jobs have been lost to robots. by Brave_Cycle_8745

"That said, I’m confident that most companies could axe 30-40% of their workforce and still perform at the same level if not better"

So 30% of the world now isn't earning an income to spend at the companies that just automated their jobs.

I don't think those companies are gonna be performing at the same level profit wise.

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