Will technology ever reach a point where the production process becomes so automated that humans will become unemployed? Well that’s a question that we should be trying to answer, because what would happened to the economy and people if humans become useless? Now the roll of technology in the economic factors of production is known as capital. We use technology in many different ways for example in factories or crops, in an uncountable number of machines like computers, vehicles such as tractors or irrigation machines.
Even though our modern technologies might not be able to reason by their own in such a way that they could control or realize any human action or task in a determined time, they will be able to reason by their own and solve many problems. They will be capable of generating more robots and maybe help the difficult task of controlling or helping in the economy of a country. Technology has a very important roll in our actual economy because of the use of computers, but maybe someday robots or artificial intelligence will reach a level in which the economy could be controlled just by machines.
I think we must not worry about the robots taking control over the world because we as their creators should be able to control them, even though they can be of great use for any task related with statistics or any other process related to the economy of country, I think that economics need a little human reasoning and at the same time be related to values so that the economy of country could help all the communities in a country.
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