The Positive Impact of Automation on Jobs

What effect of automation will have a positive impact on jobs, according to James Bessen?

a. increased demand
b. more work space
c. slower production
d. higher prices

Answer: a. Increased demand

According to James Bessen, automation can actually have a positive impact on jobs by increasing demand. Many people fear that automation will lead to job losses and higher unemployment rates, but Bessen argues that the opposite may be true.

When an occupation undergoes automation, it can create greater employment opportunities for workers. This is because automation can lead to increased efficiency and productivity, which in turn can drive demand for products and services. As a result, companies may need to hire more workers to meet this increased demand, ultimately creating new job opportunities.

While automation may change the nature of certain jobs and require workers to adapt to new technologies, it can also lead to the creation of new roles and opportunities in industries that are evolving due to automation. By embracing automation and recognizing its potential to drive demand, businesses and workers can prepare for a future where automation complements human labor rather than replacing it.