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hey, can someone please help me with this asppp. thank you so much Automation, broadly referring to the adoption of machines and computers in the
hey, can someone please help me with this asppp. thank you so much
Automation, broadly referring to the adoption of machines and computers in the production process, has become increasingly common across many sectors and countries. For example, the market for industrial robots has experienced a dramatic expansion in the last couple of decades, as shown in Figure 1. Figure 1 | Annual shipments of industrial robots worldwide (thousand units)' 630 653 484 421 264 221 180 159 120 1 114 113 12 99 81 97 78 69 200OF In the meantime, a number of developed countries have experienced the 'missing middle' phenomenon as shown in Figure 2 below. Figure 2 | Projected Job Growth and Mean Hourly Wage in the US (2014-24) 60 Optometrists Personal finance advisors Operations research analysts . Nurse practitioners (various) Statisticians . Physiotherapists Occupational therapists Web developers Mean hourly wage, May 2015 (US$) 30 Postal mail service sorters (various) Physical therapist assistants Mean wage 24.7 Interpretors and translators 1997 Phlebotomists Machine operators Paramedical aides (various) Line of best fit Home health aides Personal care aides -200 -100 100 200 300 400 500 Total projected job growth 2014-24 (thousands of employees)Question 4 Discuss how the trend shown in Figure 1 would affect the employment rent of workers employed by firms that are likely to use industrial robots in their production processes in near future. Your discussion must start by explaining the concept of the employment rent. Question 5 Discuss what Figure 2 tells us about between-country inequality over time. Question 6 Discuss how the trend shown in Figure 1 is related to the trend shown in Figure 2. Your discussion must refer to i) the phenomenon of the missing middle and ii) within-country inequalityStep by Step Solution
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