Automation, Job Creation, and Unemployment

Abstract

The article focuses on job opportunities provided by mechanization and automation. A machine technology creates jobs in the long run when production cost is high preventing mass sale of products due to the high price that must be charged and when the machine technology is geared fundamentally to a completely new industry that has a virgin market relatively untapped. Several solutions have been proposed by those who have given consideration to the problems automation has created, including reduced taxation, reduced work hours, retaining of man power and plans such as Longshoremen’s Contract and Meatpackers’ Contract.