To think critically about: Whether the unemployment or underemployment rate will increase due to increase of automation in the manufacturing sector. Introduction: The employment and underemployment is a situation in which a person wanted to be employed person but not employed in the current situation.

Question

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Answer 1

Question

Chapter 9, Problem 1CT

Summary Introduction

To think critically about: Whether the unemployment or underemployment rate will increase due to increase of automation in the manufacturing sector.

Introduction:

The employment and underemployment is a situation in which a person wanted to be employed person but not employed in the current situation.

Expert Solution & Answer

Explanation of Solution

The reasons due to which unemployment rate increase in Country U is explained below:

In Country U, the maximum number human being is replaced with the automation in the manufacturing sector. Since, these works as a cheap labor in the manufacturing sector and compete with the other country labor. Either it increases the unemployment in the united states, but it increases the production more than the human which is profitable for the company.
The unemployment or underemployment rate increases because robots produce the more product than the human being with tired.
According to the Country U report, 80% of the population are in the service sector and 19% are involved in the manufacturing sector and 1% in the agriculture sector. Out of these, in the manufacture sector one third of people will be unemployed till 2030 due to the automation.

Conclusion

Thus, it can be said that if human beings are replaced with robots, the consequence of it will be that human being will unemployed.

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The U.S. economy is becoming more and more service-based. The percentage of employment in manufacturing continues to decrease while the percentage employed in services continues to increase. However, it would be unwise to assume that manufacturing isn't important to the economy, or that service is more important. Let's see why. Not only is the percentage of manufacturing jobs decreasing, but the actual number of manufacturing jobs is also decreasing. There are two main reasons for the decline: increases in productivity, which means fewer workers are needed to maintain manufacturing output; and outsourcing, especially to countries that have much lower wages, an attractive option for companies seeking to maintain their competitiveness and boost their bottom lines. However, when companies outsource part (or in some cases, all of their manufacturing to lower cost countries, the loss of jobs results in the loss of service jobs as well. Some are lost in the community in retail businesses…

Answer 2

Question

Chapter 9, Problem 1CT

Summary Introduction

To think critically about: Whether the unemployment or underemployment rate will increase due to increase of automation in the manufacturing sector.

Introduction:

The employment and underemployment is a situation in which a person wanted to be employed person but not employed in the current situation.

Expert Solution & Answer

Explanation of Solution

The reasons due to which unemployment rate increase in Country U is explained below:

In Country U, the maximum number human being is replaced with the automation in the manufacturing sector. Since, these works as a cheap labor in the manufacturing sector and compete with the other country labor. Either it increases the unemployment in the united states, but it increases the production more than the human which is profitable for the company.
The unemployment or underemployment rate increases because robots produce the more product than the human being with tired.
According to the Country U report, 80% of the population are in the service sector and 19% are involved in the manufacturing sector and 1% in the agriculture sector. Out of these, in the manufacture sector one third of people will be unemployed till 2030 due to the automation.

Conclusion

Thus, it can be said that if human beings are replaced with robots, the consequence of it will be that human being will unemployed.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 9, Problem 1CT

Summary Introduction

To think critically about: Whether the unemployment or underemployment rate will increase due to increase of automation in the manufacturing sector.

Introduction:

The employment and underemployment is a situation in which a person wanted to be employed person but not employed in the current situation.

Expert Solution & Answer

Explanation of Solution

The reasons due to which unemployment rate increase in Country U is explained below:

In Country U, the maximum number human being is replaced with the automation in the manufacturing sector. Since, these works as a cheap labor in the manufacturing sector and compete with the other country labor. Either it increases the unemployment in the united states, but it increases the production more than the human which is profitable for the company.
The unemployment or underemployment rate increases because robots produce the more product than the human being with tired.
According to the Country U report, 80% of the population are in the service sector and 19% are involved in the manufacturing sector and 1% in the agriculture sector. Out of these, in the manufacture sector one third of people will be unemployed till 2030 due to the automation.

Conclusion

Thus, it can be said that if human beings are replaced with robots, the consequence of it will be that human being will unemployed.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 9, Problem 1CT

Summary Introduction

To think critically about: Whether the unemployment or underemployment rate will increase due to increase of automation in the manufacturing sector.

Introduction:

The employment and underemployment is a situation in which a person wanted to be employed person but not employed in the current situation.

Expert Solution & Answer

Explanation of Solution

The reasons due to which unemployment rate increase in Country U is explained below:

In Country U, the maximum number human being is replaced with the automation in the manufacturing sector. Since, these works as a cheap labor in the manufacturing sector and compete with the other country labor. Either it increases the unemployment in the united states, but it increases the production more than the human which is profitable for the company.
The unemployment or underemployment rate increases because robots produce the more product than the human being with tired.
According to the Country U report, 80% of the population are in the service sector and 19% are involved in the manufacturing sector and 1% in the agriculture sector. Out of these, in the manufacture sector one third of people will be unemployed till 2030 due to the automation.

Conclusion

Thus, it can be said that if human beings are replaced with robots, the consequence of it will be that human being will unemployed.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 9, Problem 1CT

Summary Introduction

To think critically about: Whether the unemployment or underemployment rate will increase due to increase of automation in the manufacturing sector.

Introduction:

The employment and underemployment is a situation in which a person wanted to be employed person but not employed in the current situation.

Expert Solution & Answer

Explanation of Solution

The reasons due to which unemployment rate increase in Country U is explained below:

In Country U, the maximum number human being is replaced with the automation in the manufacturing sector. Since, these works as a cheap labor in the manufacturing sector and compete with the other country labor. Either it increases the unemployment in the united states, but it increases the production more than the human which is profitable for the company.
The unemployment or underemployment rate increases because robots produce the more product than the human being with tired.
According to the Country U report, 80% of the population are in the service sector and 19% are involved in the manufacturing sector and 1% in the agriculture sector. Out of these, in the manufacture sector one third of people will be unemployed till 2030 due to the automation.

Conclusion

Thus, it can be said that if human beings are replaced with robots, the consequence of it will be that human being will unemployed.

Answer 6

Chapter 9, Problem 1CT

Summary Introduction

To think critically about: Whether the unemployment or underemployment rate will increase due to increase of automation in the manufacturing sector.

Introduction:

The employment and underemployment is a situation in which a person wanted to be employed person but not employed in the current situation.

Expert Solution & Answer

Explanation of Solution

The reasons due to which unemployment rate increase in Country U is explained below:

In Country U, the maximum number human being is replaced with the automation in the manufacturing sector. Since, these works as a cheap labor in the manufacturing sector and compete with the other country labor. Either it increases the unemployment in the united states, but it increases the production more than the human which is profitable for the company.
The unemployment or underemployment rate increases because robots produce the more product than the human being with tired.
According to the Country U report, 80% of the population are in the service sector and 19% are involved in the manufacturing sector and 1% in the agriculture sector. Out of these, in the manufacture sector one third of people will be unemployed till 2030 due to the automation.

Conclusion

Thus, it can be said that if human beings are replaced with robots, the consequence of it will be that human being will unemployed.

Answer 7

Chapter 9, Problem 1CT

Summary Introduction

To think critically about: Whether the unemployment or underemployment rate will increase due to increase of automation in the manufacturing sector.

Introduction:

The employment and underemployment is a situation in which a person wanted to be employed person but not employed in the current situation.

Answer 8

Expert Solution & Answer

Explanation of Solution

The reasons due to which unemployment rate increase in Country U is explained below:

In Country U, the maximum number human being is replaced with the automation in the manufacturing sector. Since, these works as a cheap labor in the manufacturing sector and compete with the other country labor. Either it increases the unemployment in the united states, but it increases the production more than the human which is profitable for the company.
The unemployment or underemployment rate increases because robots produce the more product than the human being with tired.
According to the Country U report, 80% of the population are in the service sector and 19% are involved in the manufacturing sector and 1% in the agriculture sector. Out of these, in the manufacture sector one third of people will be unemployed till 2030 due to the automation.