how will automation affect the supply of labor?
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Although in theory, automation reduces demand for labour to perform routine tasks, in practice it also increases employment in and wages for workers in other jobs such as software engineering, training and robot maintenance. Indeed these jobs might offer median pay levels higher than in manual occupations.
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Although in theory, automation reduces demand for labour to perform routine tasks, in practice it also increases employment in and wages for workers in other jobs such as software engineering, training and robot maintenance. Indeed these jobs might offer median pay levels higher than in manual occupations.
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