Table of ContentsAre Robots a Curse or a Blessing?The Economics of Human ReplacementAre Robots Complements or Substitutes?ConclusionWorks CitedInvention and The use of robots will eliminate human jobs because their goal is to replace the human mind, not just make industry more efficient. Lucrative business incentives such as high production, efficiency and quality offered by robots are turning many employers away from human labor. Nonetheless, some experts argued that these beings brought together would serve to raise living standards by lowering the prices of goods to zero, ending toil and poverty for all. However, it is known that the productivity of robotics will only increase production at the expense of lowering the demand for labor. A good example of this is the high rate of job losses in developed countries attributed to automation. Later texts in this paper will explain why the rise of automation will put so many people out of work. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the Original EssayAre Robots a Curse or a Blessing?Regardless of the Benefits Associated with Robotic Production, Its Implementation and Use should not be to the detriment of the unemployed future generation. Little by little, its use has diverted investment away from machines that complement human labor, eliminated workers unable to compete or cope, and, in some cases, eliminated their jobs altogether. This concept is illustrated by Jeffrey, Seth, and Guillermo (2015), in their analysis of the implications of capital investment in the form of robots to replace human labor. Their findings also align with our position that robotic productivity is more likely to reduce the well-being of workers and future generations, in addition to pushing them into unemployment. Additionally, the share of labor in most global economies fell significantly following Y2K, which is attributed to automation. When the goods produced by these robots become close substitutes for the goods produced by humans, then modern forms of competition will emerge – robots versus humans. Unlike the first half of the 20th century (1933), where “technological unemployment” was only a temporary aspect of maladjustments, the next job losses will subject humans to much greater suffering. Right now, one can only imagine the dilemma of being compared to robots in terms of what they can deliver in a day. Added to this is similar research that quantifies the prospect of human layoffs at over 47% of current human jobs being automated over the next two decades. Certainly these robots should be seen as a curse rather than a blessing. The Human Replacement Economy The number of sophisticated tasks performed by machines has exceeded the level of thinking of normal human beings. Ironically, will our productions ever become better than ourselves? Look no further, Junior, the 2013 world computer chess champion, developed by us, can beat almost any human being, now and in the future. The implementation of his code also largely put many chess programmers out of business. A good case study is high- and low-tech workers. The first group performs analytical tasks such as producing software or machine codes,-2020