The Productivity of Humans in an Increasingly Robotic World

In an economy with increasing use of robotics, there is a possibility of becoming more capital-intensive. However, humans can continue to be productive, especially in roles like caring for the elderly or young, which remains necessary irrespective of automation. The potential for humans to enhance productivity through skills augmentation is highlighted, such as focusing on well-being aspects in elder care. This suggests that the marginal product of humans may not decline. It is challenging to predict the new equilibrium, but there will likely be tasks for humans as long as limitations on computing resources remain.