Technologies like AI and Robotics are automating many human jobs and helping to maximize company profits. However, this may result in a new wave of mass unemployment and government should step in to regulate these fields. Discuss arguments for both sides and give your opinion.

Technology has revolutionized our lives. Nowadays, organisations are shifting from being labour intensive to capital or technology-intensive by introducing artificial intelligence or Hi-Tech machines.

As a result

of which employee retrenchment rate is increasing drastically. In the

further

paragraphs,I will put forward my arguments on both the views with illustrations. On the one hand, Some organisations are of the belief that machines carry out a task more efficiently than a human being. There are many factors which favour their perception.

Firstly

, Time taken by the machines in the completion of particular work is far less than the men. There are companies who have introduced robots for delivering their in-house material to various departments and it was proved that they took half of lesser time for the activity. To exemplify, Amazon has introduced robots in their logistics department to conduct work efficiently which was proven to be profitable for them.

Secondly

, If Artificial intelligence is used the wastage of multiple lay off can be recovered as machine don't ask for much breaks while doing their work or do not go on strikes.

On the contrary

, shifting from labour intensive to capital intensive may result

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a rise in unemployment.

Although

, we cannot deny the fact of time efficiency

that is

achievable by the introduction of machines we should not ignore the huge cost involved in its installation and number of maintenance required which can shake budget of the government. We must not forget the saying that "Man-made machine and not

m

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achine-made man". So, In order to operate machines,we require an adequate number of employees as well. Despite expelling employees organisation should introduce them with the latest technology and experience while working with Robots. The government needs to introduce policies which will benefit employees as well as the organisation. Working together can help with attaining the desired aim of maximisation of profits. To conclude, I am of the opinion that High tech machines and artificial intelligence is helpful to some extent but measures should be taken to make sure that introduction of them do not result in losing jobs of employees.