Society can use automation to grow the economy in several smart ways:

1. More Productivity

• Automation helps people work better and faster. A report from McKinsey says that for the next ten years, automation could boost productivity by up to 1.4% each year. This could add around $13 trillion to the global economy by 2030!

2. Saving Money

• Businesses that use automation technologies can save money. The International Federation of Robotics found that using robots in factories can cut costs by about 20-30%. When production costs go down, prices for consumers can drop too, which can lead to more people wanting to buy things.

3. New Job Opportunities

• While some jobs may be lost due to automation, new jobs can also be created. The World Economic Forum predicts that by 2025, around 85 million jobs might disappear, but 97 million new jobs could pop up. These new roles will likely be in areas like technology, health care, and green energy.

4. Training for the Future

• As industries change, it’s important to invest in training workers to learn new skills. In the U.S., the market for up-skilling workers is expected to reach $6 billion by 2026. This will help workers learn how to use new technologies.

5. Encouraging New Ideas

• Automation can help people focus on creating and planning new ideas. A study from Deloitte found that companies using robots for tasks saw a 20-30% boost in productivity. Many of these companies reinvest their savings into research and new projects.

By taking advantage of these points, society can find a sensible way to use automation that helps the economy grow while also tackling challenges in the workforce.