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.

Technologies

such

as Artificial Intelligence and Robotics have become widely popular across organizations globally.

Although

its implementation can help companies make money,

but

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it can

also

can

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replace a number of human jobs

hence

, it argued that

g

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the

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overnment should impose certain regulations. I completely agree with

this

fact and my essay will

initially

discuss the effects of

this

phenomenon followed by necessary steps that authorities should take to avoid job losses.

Firstly

, these new forms of technology are tools wherein many tasks are managed by machines or computers rather than human intervention. Introducing

such

processes will make a number of employees redundant because a variety of tasks can be automated by computers without any scope of error. In the long run,

this

will not only save and organization time

,

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but

also

reduce their fixed costs pertaining to salaries and wages.

For instance

,

p

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resence of online travel companies like Make My Trip or Booking.com has wiped out a number of jobs related to ticketing that required manpower.

On the other hand

, it is highly imperative that

the

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governments across different countries take steps to address

this

issue in order to avoid unemployment. Concerned authorities should encourage organizations to create newer job roles within their teams that require skills and knowledge to operate AI systems and in return incentivize them.

For example

, policies can be created with reference to offering firms subsidies or tax relaxations in case they consider absorbing current employees in these job profiles. In conclusion, automated working systems will help companies save money and increase profits, but can

also

lead to massive layoffs.

Thus

, it is necessary that the government intervenes by helping organizations and academic bodies in producing skilled labour and talent in

this

field which can safeguard jobs.