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Amid Economic Recovery, Businesses Replace Some Lost Jobs with Automation

  • COVID-19 pandemic and labor shortage accelerate employer adoption of automation
  • Artificial intelligence is still insufficient for many tasks, but employers have been using it for certain tasks to improve efficiency of human workforce
  • Roles primarily held by women with lower education levels are most at risk of being lost to automation

Summary by Dirk Langeveld

The COVID-19 pandemic and current labor shortages have accelerated a trend toward automation among many employers, according to economic analyses.

A recent report in Wired looks at how employers are sometimes turning to artificial intelligence solutions to complete tasks. They are making these decisions as businesses struggle to fill open positions.

  • Some economists hold that automation occurs more rapidly after economic recessions and is more likely to remain in place
  • In addition to reducing payroll costs, automation can offer employers benefits such as improved safety and efficiency
  • AI is not yet intelligent enough to replace workers in many roles, but some employers have used automated processes to take over certain tasks and improve the efficiency of their human workforce
  • One analysis suggests that roles primarily held by women with lower education levels are most likely to be at risk from automation

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