ROBOTS INVESTMENT AND DECREASE IN TOTAL EMPLOYMENT

Abstract

This work explored on the relationship between robots investment and decrease in total employment. The objective of the study was to ascertain if robots investment decrease total employment. The method involved in the study was the use of extant literature on the subject matter (journals, books, internet and other published materials) and qualitative content analysis. The study revealed that robots investment decreases total employment. The study concluded that no one knows with certainty how robots will shape our future society, and that uncertainty itself can be unnerving. Among other things, the study recommended that robots have come to stay, thus high-tech firms should create new tasks where humans can adopt simultaneously with robots to enhance effective operations and productivity while managing their total employment; Firms who are keen to investing in robots or already operates with robots should invest in training and development of their human resources, so as to keep their skills and knowledge up to date, which in turn would motivate them to professionally work in tandem with robots, thus managing total employment.