The economic and social impact of automation on the workforce
Abstract
Automation is rapidly transforming industries and reshaping global labor markets. While automation offers numerous economic benefits, such as increased productivity and cost efficiency, its impact on the workforce is a source of concern for many workers, particularly those in low-skilled jobs. This paper explores the economic and social implications of automation, focusing on its effects on employment, wage inequality, and job displacement. It also examines strategies for mitigating the negative impacts of automation, including the role of education, retraining programs, and social safety nets. Through a review of recent literature and case studies, this paper highlights the need for balanced policies that harness the benefits of automation while protecting vulnerable workers.
How to Cite This Article
Dr. Zubair Ahmed (2022). The economic and social impact of automation on the workforce . Journal of Frontiers in Multidisciplinary Research (JFMR), 3(1), 07-08.