Inflation and Automation
39061Question 1: Imagine a scenario in which wages and salaries have higher growth than inflation. Should people worry about their power of purchasing? Please justify your response.
Question 2: (a) Informed by this week’s discussions on unemployment, carefully analyze and discuss the following claim: “Immigration causes more unemployment.” (b) After reviewing this week’s resources on the effects of emerging technologies and automation on the job market, please select an industry (e.g., aviation, hospitality, automotive, food, education, and manufacturing) in which automation is already affecting jobs. List some key effects as well as the specific positions that are at risk and explain future implications for employees and for managers within the domain of interest.
Helpful resources
Inflation
Automation
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