Goodbye To Millions Of Jobs As Events Unfold
Channel: The Nomad Economist
Date: 2020-12-15

Goodbye To Millions Of Jobs As Events Unfold
Many jobs will not be coming back after the covid-19 crisis ends. We can say goodbye to millions of jobs as events unfold and markets evolve. Millions of small businesses being decimated by Fed policies that favor huge companies coupled with a surge in automation bodes poorly for those looking for work. Over the last three decades, robots have become far more common in factories. In many manufacturing facilities, robots do most of the work. A typical factory may contain hundreds of robots working on fully automated production lines, as it rolls by on a conveyor, a product can be welded, glued, painted, and finally assembled at a sequence of robot stations. 
Robots are rapidly replacing humans in performing repetitive and dangerous tasks that people prefer not to do or are unable to do due to size limitations. This includes working in places such as in outer space or at the bottom of the sea where humans cannot survive the extreme environments.  Industrial robots are also used extensively for placing products on pallets and packaging of manufactured goods, for example for rapidly taking drink cartons from the end of a conveyor belt and putting them into boxes, or for loading and unloading machines.


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