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US economy will suffer as robots continue to take over the work force

Economists believe robotics will have negative impact on US economy.

Published Wed, Feb 25 2015 1:39 PM CST   |   Updated Tue, Nov 3 2020 12:09 PM CST

Economists are unsure what to make of robots invading the workforce, with legitimate arguments offered by both sides regarding potential long-term consequences.

US economy will suffer as robots continue to take over the work force | TweakTown.com

The US National Bureau of Economic Research published a report that found as robots are able to continue efficient performance in the workplace, developers are going to eventually cannibalize their own jobs. However, robots still cannot match the precision of humans in many workplace aspects, so it will likely take future hardware and software developments before most jobs are at risk.

"When smart machines replace people, they eventually bite the hands of those that finance them," according to the report. "The long run in such cases is no techno-utopia."

However, fear has outpaced the reality of robots taking over the human workforce, according to MIT economics professor David Autor. He noted the unreliability of some robots used today: "They'll put them in the field and if a gust of wind unexpectedly nudges a door open, they tip over," in a statement published by the Wall Street Journal.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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