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Hi, can someone please help me with this economics question? PLEASE IGNORE WORD LIMIT SECTION 2 (20 MARKS) Automation, broadly referring to the adoption of
Hi, can someone please help me with this economics question?
PLEASE IGNORE WORD LIMIT
SECTION 2 (20 MARKS) 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)' 630 421 254 178 190 159 141 014 113 121 99 78 81 97 69 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) 50 OptometristsStep by Step Solution
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