Increased use of machinery always hurts workers by lowering the demand for their labor.

Name: Increased use of machinery always hurts workers by lowering the demand for their labor.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

While increased use of machinery may initially result in job displacement, it can also lead to increased productivity and overall economic growth, creating new job opportunities in different areas. It ultimately depends on the specific circumstances and how well the workforce is able to adapt and acquire new skills.

Increased Use of Machinery Always Hurts Workers by Lowering the Demand