Job Impacts

Though digitalization raises the ceiling of progress, it is important to recognize the effects of job loss and job growth as a result.

For example, line workers in an automobile factory are easily replaced by new innovations such as automated robots, in turn cutting their jobs.

On the other hand, digitalization can create jobs and stimulate the economy greatly. Creating new software engineers, optimizing past jobs, and many other opportunities fall within the realm of possibility under advancing technology.