The rise of robotics will thin out the middle class

Rather than simply destroying jobs, robotics will polarise the labour force by reducing wages in a number of sectors, thereby diminishing the middle class -- and the trend has already started.

Robotics. From a labour market perspective it either fills you with wonder or fear. The shift towards greater automation will create new opportunities for Australian businesses but new technology is often disruptive and will pose a considerable challenge for some workers and professions.

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