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What are the long-term implications of automation on the labor market?
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The long-term implications of automation on the labor market are wide-reaching. Automation is expected to bring changes to the type, location and structure of jobs required, potentially resulting in job losses, or a transformation of the labor market. Skills required of workers are also likely to change, as new roles emerge and existing roles are replaced by automation. Furthermore, automation may lead to higher productivity, but also potentially lower wages. Increased access to data and technology can also lead to increased efficiency and inequality, as some groups and regions benefit more from the implementation of automation than others.