Economics Dictionary of ArgumentsHome
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| Automation - Economics Dictionary of Arguments | |||
| Automation: In economics, automation refers to the use of technology, such as robots and computer systems, to perform tasks with minimal or no human intervention. Its main economic impacts include increased productivity, lower production costs, and potentially enhanced product quality. However, it also raises concerns about job displacement, the need for new skills, and its effects on wage inequality. See also Robots, Technology, Computer, Labor, Work, Jobs, Wages, Relative wage, Skilled labor._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Feenstra, Robert C. | Automation | Feenstra, Robert C. | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-05-16 | |||
