Develop an argument in favor of expanding automation

Reference no: EM133516386

Assignment:

This film demonstrated some of the effects of automation on society, with robots taking many of the tasks previously completed by humans. A recently published paper (August, 2020) by MIT professor Daron Acemoglu and Boston University professor Pascual Restrepo found that industrial robots have a significantly negative impact on workers. The researchers reported that "for every robot added per 1,000 workers in the U.S., wages decline by 0.42% and the employment-to-population ratio goes down by 0.2 percentage points - to date, this means the loss of about 400,000 jobs." Conversely, robots and automation have also been lauded as increasing productivity and ultimately saving money and lives.

For this question, please complete the following:

(1) Develop an argument in favor of expanding automation;

(2) Develop an argument in favor of limiting automation;

3) Identify the stakeholders around both options;

(4) Examine the effect of the two options on the stakeholders (Option #1: expanding automation; Option #2: limiting automation) and make a decision about whether to expand or limit automation based again on Utilitarianism (greatest good for the greatest number of people). Support your decision with an explanation.

Reference no: EM133516386

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