Automated fabrication will not have a dramatic impact on society.
Answers
Explanation:
Automation has the potential to transform future jobs and the structure of the labor force. As we discussed in the March edition of the QEB, automation in manufacturing has steadily decreased costs for decades, making US manufactures more competitive while also reducing the amount of labor required to produce them. Looking forward, technical advances in computing power, artificial intelligence
Automation is not a new occurrence, and has contributed to significant shifts in employment throughout the 20th century. With the widespread adoption of the gas-powered tractor in the early 20th century, farmers experienced many benefits including the more efficient use of labor and increased productionI. This contributed to a decline in agricultural employment from close to 40% of total employment in 1900 to less 2%
Automation has also contributed to an increase in output, as seen in Figure 2. Since 1990, manufacturing output grew 71.8% while manufacturing employment fell 30.7%. This means that in 2016 the United States produced almost 72% more goods than in 1990, but with only about 70% of the workers. Over the same period, US manufacturing labor productivity grew 140.1%III. Automation in manufacturing has decreased production costs.