Increased automation in China will lead to less demand for physical labor and higher unemployment initially as machines replace workers. This will reduce costs and prices, making consumers feel wealthier and spend more, creating new jobs. Additionally, greater automation will increase demand for machinery, leading more firms to invest in new technology. Individual firms will see higher production rates, increased productivity, and other benefits from automating their processes.
Increased automation in China will lead to less demand for physical labor and higher unemployment initially as machines replace workers. This will reduce costs and prices, making consumers feel wealthier and spend more, creating new jobs. Additionally, greater automation will increase demand for machinery, leading more firms to invest in new technology. Individual firms will see higher production rates, increased productivity, and other benefits from automating their processes.
Increased automation in China will lead to less demand for physical labor and higher unemployment initially as machines replace workers. This will reduce costs and prices, making consumers feel wealthier and spend more, creating new jobs. Additionally, greater automation will increase demand for machinery, leading more firms to invest in new technology. Individual firms will see higher production rates, increased productivity, and other benefits from automating their processes.
Increased automation in China will lead to less demand for physical labor and higher unemployment initially as machines replace workers. This will reduce costs and prices, making consumers feel wealthier and spend more, creating new jobs. Additionally, greater automation will increase demand for machinery, leading more firms to invest in new technology. Individual firms will see higher production rates, increased productivity, and other benefits from automating their processes.
One impact of increased automation on the demand for labour would be
increased unemployment. This is because the automation in long-run will
lead to less physical labour in china. This will result in less demand for labour, and higher demand for technology and machinery used, to produce products. Workers who can work with machines are more productive than those without them. However, this reduces both the costs and prices of goods and services, and makes consumers feel richer. As a result, consumers spend more. As a result, consumers spend more, which leads to the creation of new jobs. Another impact of increased automation in China is the increasing demand for machinery, which leads to more rms investing into new technology, however, the more rms decide to re physical labour, the higher the prices for machines will be. In addition, as a rm, you will have higher production rates and increased productivity, more e cient use of materials, better product quality, improved safety, shorter work hours, and reduced factory lead times. fi fi ffi fi fi