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The Paradox of Progress: Automation and Labor Demand Technological progress has always been a driver of economic growth, yet it also raises critical questions about jobs, skills, and inequality. Automation, artificial intelligence, and digital technologies are transforming how work is done, reshaping labor demand across industries and occupations. This lesson explores the paradox of progress: while automation increases productivity and efficiency, it can simultaneously displace certain jobs and widen skill gaps. The video examines key economic theories, empirical evidence, and policy debates surrounding automation and the future of work. 📚 In this video, you will learn: What automation is and how it affects labor demand The substitution vs. complementarity effects of technology Skill-biased technological change and job polarization Short-term displacement vs. long-term job creation Policy and education responses to automation This material is designed for students, researchers, policymakers, and professionals interested in labor economics, digital transformation, and the future of work. 👉 Like, share, and subscribe for more educational content on economics, technology, and public policy. #Automation #LaborDemand #FutureOfWork #ParadoxOfProgress #DigitalTransformation #LaborEconomics #aiandjobs @YouTube @HarvardBusinessReview @MITSMR @WorldEconomicForum @OECD #TechnologicalChange #EconomicsEducation #PublicPolicy