Here I want to introduce an idea about automation impact on white collar jobs of today.
There was a time when automation happened in the factories simplifying the various jobs, making them almost error free, improving productivity etc. Example, in the automobile industry, in textile industry and various other industries. This whole era was when other jobs started increasing. Now, imagine in 1980's how few cars were there, people had to book car and wait for months together to get it. Now, I think that was the time when purchase power was growing and due to enhanced production complimented by automation/robotics cost was also coming down. This catalysed incremental jobs in the same industries and as well as in other new areas.
In today's world, especially in white collar jobs, automation introduction is a level for greater efficiency, productivity, error free deliveries etc. There is a much ado about Machine learning, deep learning, artificial intelligence today. When I think about AI, it is too powerful, probably more powerful than human brain as it works on data from millions of data items together to make decision and improve by itself. So, we are not only talking about automating industrialised activities but also the intellectual activities to some degree. However, this is the machine era, algorithms are getting created to enhance themselves.
There is a debate regarding whether this era's automation is going to generate jobs or eradicate them? What is your opinion about it?