Impact of Automation on Labor Market

Automation impacts the labor market by replacing some jobs with machines or software, particularly in repetitive or data-driven tasks. While this can lead to job loss in certain sectors, it also creates new opportunities in technology, maintenance, and management roles. Workers may need to adapt by acquiring new skills to remain competitive. Overall, automation can increase productivity and efficiency, but it raises questions about workforce displacement and the need for retraining programs to support affected workers. The challenge lies in balancing innovation with the economic and social needs of the workforce.