/biz/ - Business & Finance

>>769685

If automation doesn't hit the construction industry, why couldn't the government just hire existing construction companies?

They're already trained in roadwork or whatever you want them to do. Even if the government decides to tax productivity gains from automation, there's only a finite amount of infrastructure improvements to spend it on. Income elasticity of demand applies to the government too; there's only a finite number of projects and roads to do maintenance on, and to employ all the individuals being displaced (anywhere in the tens of millions) in an industry with a mere 6 million workers (http://www.bls.gov/iag/tgs/iag23.htm)) is simply infeasible.


>doing jobs robots will likely not be able to do for a long long time.
>pic related
More jobs that are going to be automated: http://www.npr.org/sections/money/2015/05/21/408234543/will-your-job-be-done-by-a-machine