Assessing the Impact of Robotics and Automation on Labor Dynamics in Industrial Management

Abstract

This paper examines the transformative impact of robotics and automation on labor dynamics within the realm of industrial management. As automation technologies continue to evolve and proliferate across industries, concerns about job displacement, skill requirements, and economic inequality have grown. The study delves into the challenges posed by automation-induced unemployment and the potential strategies to mitigate its adverse effects. Proposed solutions, such as enhanced education and training programs, Universal Basic Income (UBI), and robot taxation, are critically analyzed. Moreover, the paper emphasizes the importance of reevaluating the ownership structure of automation technologies to ensure equitable distribution of benefits. Through this comprehensive assessment, the paper aims to provide insights into the complex interplay between robotics, automation, and labor dynamics in industrial management.