Answer:
As automation advances, technological innovations could displace some segment of the workforce, so it's possible there may be temporarily higher unemployment. Currently, technology is displacing workers whose jobs consist of routine, repeatable tasks, like bookkeeping, manufacturing, and food services
An impact of automation is by automating repetitive processes, companies can increase the efficiency of their teams. They can avoid hiring more workers, reduce overhead and increase employee productivity. A business can also cut its costs by automating its backend systems.
The World Economic Forum predicted in 2018 that workplace automation would create 133 million new jobs by 2022 while displacing only 75 million, resulting in a net increase of 58 million jobs.
As automation advances, technological innovations could displace some segment of the workforce, so it's possible there may be temporarily higher unemployment. Currently, technology is displacing workers whose jobs consist of routine, repeatable tasks, like bookkeeping, manufacturing, and food services.
Automation of activities can enable businesses to improve performance, by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. Automation also contributes to productivity, as it has done historically.
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