How can the production of goods benefit from the use of technology?

The production or manufacturing sector has seen a lot of automation across many countries. This can be partly attributed to the application of the principles of specialization and division of labor in production processes, especially when it comes to mass production of commodities. New inventions have introduced specialized machines and robots that are able to perform more complex tasks than before. According to the Brookings Institute, the total number of industrial robots in use is increasing with time. In the year 2013, there were about 1.2 million robots in use in various industrial plants worldwide. This number increased to about 1.5 million in the year 2014. This has resulted in huge savings in labor costs, as machines perform tasks that were previously done by humans. In fact, labor cost savings in industrialized countries average 16%. Increased automation of tasks has also led to increased production of goods and services. However, a big downside is the effect this has had on employment rates. Technology also speeds up the production process, while ensuring that the good quality of output is maintained. For instance, crawler excavators in construction sites work faster in digging out huge boulders than manual laborers. Machines not only work fast but also help in reducing the amount of human error. This is because people are prone to error, especially when faced with repetitive tasks.
https://www.brookings.edu/blog/techtank/2016/06/02/how-technology-is-changing-manufacturing/

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