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The Future of Jobs

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RuiAce:

--- Quote from: pikachu975 on July 22, 2017, 09:29:17 pm ---I don't get the point of replacing jobs with robots. It costs a decent amount to build the robot and program it and stuff, it creates less jobs for society, potential for stuff ups because it's a robot, and more. The only advantage is the manager doesn't have to pay a robot I guess.

--- End quote ---
If a robot can perform the job of 5 people, then (thinking financially) the NPV of going down that road is probably going to be positive. At some cut-off point, the PV of pursuing the robot project, which is just a one off, will become more positive than the PV of paying those people, which is pretty much an annuity.

What's good for a company isn't necessarily what's good for a society.

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