5 Questions We Should Be Asking About Automation and Jobs

How will automation affect wages, and how will wages affect automation? The pace of automation depends on prices, not just technological feasibility. Just because a robot or algorithm can perform a task as competently as a human doesn't mean that human will be replaced. Automation depends on the cost of the technology relative to the cost of human labor. In today's tight labor market, for instance, rising wages and worker shortages might encourage automation and boost productivity.