The effect of automation is to lessen the need for human engagement in producing something. But automation isn't free. There is sometimes a decision to invest in a new machine or another employee. Machines are a form of capital. As you own more capital in the form of machines, you have an edge over someone who doesn't. In the capitalist model, advantages must be exploited as much as possible to remain competitive.
In our society, the difficulty seems to be how to address the problem that less human effort is required. According to supply and demand, this me... (read more)
The effect of automation is to lessen the need for human engagement in producing something. But automation isn't free. There is sometimes a decision to invest in a new machine or another employee. Machines are a form of capital. As you own more capital in the form of machines, you have an edge over someone who doesn't. In the capitalist model, advantages must be exploited as much as possible to remain competitive.
In our society, the difficulty seems to be how to address the problem that less human effort is required. According to supply and demand, this me... (read more)