This is not a writing assignment, this is a multiple-choice question Historically we have found that addition of technology to production methods has both assisted labor by making production easier as well as displaced some labor with machines as fewer workers were now needed to get the job done. However, historically, the end result of adding technology was greater production, new demand, economic growth, and new job opportunities for the displaced workers. In recent years, the addition of robotics and artificial intelligence has added a new dimension to the relationship between technology, labor and employment. The use of robotics, although still quite small in the U.S. work place, is expected to increase sharply in the coming years. Question: Which of the below IS NOT one of conclusions (findings) of the study? Group of answer choices The negative effect is that robots displace current workers from their occupations. Increasing the number of robots decreases the cost of production, thus expanding the industry and increasing the demand for labor. As the number of robots used in production increased, the cost of maintaining the robots would become astronomical, productivity would decline, profits would decline, and businesses would go under, resulting in further loss of employment opportunities., The positive effect is the price-productivity effect, or that productivity would increase and cost of production would decrease.
This is not a writing assignment, this is a multiple-choice question
Historically we have found that addition of technology to production methods has both assisted labor by making production easier as well as displaced some labor with machines as fewer workers were now needed to get the job done. However, historically, the end result of adding technology was greater production, new demand, economic growth, and new job opportunities for the displaced workers.
In recent years, the addition of robotics and artificial intelligence has added a new dimension to the relationship between technology, labor and employment. The use of robotics, although still quite small in the U.S. work place, is expected to increase sharply in the coming years.
Question: Which of the below IS NOT one of conclusions (findings) of the study?
Group of answer choices
The negative effect is that robots displace current workers from their occupations.
Increasing the number of robots decreases the cost of production, thus expanding the industry and increasing the demand for labor.
As the number of robots used in production increased, the cost of maintaining the robots would become astronomical, productivity would decline, profits would decline, and businesses would go under, resulting in further loss of employment opportunities.,
The positive effect is the price-productivity effect, or that productivity would increase and cost of production would decrease.
Robots and automation boost productivity, reduce manufacturing costs, and have the potential to create new employment in the technology industry.
Robotic automation lowers production costs, helping businesses to remain competitive, grow into global markets, and generate healthier bottom lines. Replacing workers with robots reduces liability costs while allowing workers to be relocated to safer areas.
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