Human progress is inherently linked to automation. The invention of devices, processes, and technology has boosted productivity historically and will continue to do so.Today, the Third Industrial Revolution is upon us, cutting across sectors to weave robots and adaptive algorithms into the fabric of our lives. By 2035, ARK predicts roughly half of the US labor force will be replaced by automation. Ultimately, however, it will increase the value of labor per dollar output by 103%, adding $12 trillion to overall real GDP. Automation will create a virtuous cycle. The added value to real GDP will fuel progress, allow for new jobs to emerge, ensure a positive restructure of the workforce, and increase living standards meaningfully in the U.S.
To learn more about the impact of automation on the U.S. economy download ARK Invest's white paper. For additional research on disruptive innovation go to ark-invest.com