We often hear that robots are taking over the world but are they really and if they are, is that such a bad thing? According to a 2019 54-page report published by parliament’s Business, Energy and Industrial Strategy Committee, Britain actually faces a greater danger from the slow adoption of new technologies. This is because they have the potential to create new fulfilling jobs and shorter working hours. Let’s discuss this.
Increased Efficiency and Decreased Cost
It’s no secret that technology and automation have consistently transformed the way that work gets done in the workplace. By making more products for less money, robots and automation allow us to increase efficiency. This of course means that companies are able to keep their prices lower for longer, which affects both consumers and the economy.
According to Economic Policy Institute, consumers can afford to buy more robot-made products, and when they spend their leftover money on additional goods and services, it creates more jobs that compensate for the jobs lost to automation.
Higher paid roles
Robots are capable of maintaining a high level of quality all day every day. This is as a result of them being programmed for precise and repetitive motion, which means quality should never falter with them on the production line. They act as both the employee and the quality control system which means employees are able to take on more highly-skilled roles.
In this instance, employees are able to upskill themselves in work and use their skills in more suitable positions within the company, which means employees are gaining more opportunities from the use of robotics.
Of course, it’s very easy to fear the unknown, especially when it comes to new technologies, but change isn’t always a bad thing and the use of robotics in the workplace could actually produce more, highly-skilled, jobs rather than fewer.
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