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Currently, automation displaces manual labourers (and increasingly middle white collar workers too) for the benefit of the company owner. While new technologies might mean more productivity and less wage expenses for the CEO, automation ultimately means that workers lose their jobs and find that their living standards fall. Ironically, newer and more automotive efficient technologies actually lower the standard of living for the average person as most of the technological benefit is enjoyed by the shareholders rather than workers.The fruits of technological development need to be shared by everybody. This might mean that government regulation is needed for CEOs to provide workers shorter hours, but a higher salary for those fewer hours - since the majority of the production is now being handled by robots.
Currently, automation displaces manual labourers (and increasingly middle white collar workers too) for the benefit of the company owner. While new technologies might mean more productivity and less wage expenses for the CEO, automation ultimately means that workers lose their jobs and find that their living standards fall. Ironically, newer and more automotive efficient technologies actually lower the standard of living for the average person as most of the technological benefit is enjoyed by the shareholders rather than workers.
The fruits of technological development need to be shared by everybody. This might mean that government regulation is needed for CEOs to provide workers shorter hours, but a higher salary for those fewer hours - since the majority of the production is now being handled by robots.