What is one potential negative outcome of excessive automation on social welfare?
Understand the Problem
The question is asking us to identify a potential negative outcome of excessive automation on social welfare from the provided options. It requires an understanding of the economic implications of automation and its effects on employment and wages.
Answer
Excessive automation can cause job displacement and unemployment, resulting in economic insecurity.
One potential negative outcome of excessive automation on social welfare is job displacement and unemployment, leading to economic insecurity for affected workers.
Answer for screen readers
One potential negative outcome of excessive automation on social welfare is job displacement and unemployment, leading to economic insecurity for affected workers.
More Information
As automation technologies progress, they often replace tasks performed by humans, particularly impacting those in low-skill positions. This can exacerbate economic inequality and strain social welfare systems if new job creation does not keep pace with job losses.
Tips
It's a common mistake to assume automation always equally creates as many jobs as it destroys, overlooking the short-term displacement and specific sectors affected.
Sources
- Key Advantages and Disadvantages of Automation - Simplilearn.com - simplilearn.com
- What are the social and psychological impacts of increasing ... - Quora - quora.com
- The Economic and Political Consequences of Automation - Libel - libel.iflry.com
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