With computers, robots and other digital technologies acquiring basic tasks and even more advanced skills at an extraordinary rate, what is the future of the labor market? For more than a century, automation has increasingly replaced a portion of the labor market as technology advances with robotic automation performing more and more blue-collar jobs. The latest trend is for information technologies to replace white-collar jobs.
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It seems that Akio Toyoda, president of Toyota, is looking to reintegrate people into the manufacturing process where robotic production has failed.