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Rising Unemployment In Australia

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Rising unemployment is also another serious impact while using robots widely. Unemployment means demand for labor is less than the supply of labor, so there is an increasing proportion of workforce seeking work. Robots are usually major problems that are associated with it. It was reported that due to the increasing acceleration in automatic technology, over 5 million Australians lose their jobs, and it is projected to be at risk more than two decades (Hoy, 2014). Individuals who lose occupations must take time and effort to find another suitable one, but it is usually difficult because of the rapid technological changes. Professor Osborne also points out that more than 47 per cent of employment in United States is at risk of being automated

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