ECO-FINAL - The main concept being elaborated in this video...

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The main concept being elaborated in this video is economic growth between technology and human society. Over time we have grown our industrial innovations. Productivity is at its highest peak now in the 2000s and will only increase in growth in what is called the New Machine Age. Technology comes with costs and benefits; we have lost an enormous amount of jobs as incomes also decreased. One example of how jobs are being loss, it was reported on how robotics will reshape the world, San Francisco is in support of machines fully automating the production of burgers with the aim of replacing a human fast food worker. The machine can shape burgers from ground meat, grill them to order with the specified amount of char, toast buns, add tomatoes, onions, pickles, and finally place it on a conveyor belt. However technology increased our productivity for trade and demand. In the video, Erik is supporting the growth of the New Machine age and believes that future eras will only increase in
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  • Spring '14
  • Sloan
  • Economics, Erik, new machine age

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