How Robots' Uptrend Affects the Economy and The Future

İnce Yenilmez M., Gönçer Demiral D.

Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol.29, no.2, pp.347-363, 2022 (Peer-Reviewed Journal)


There is no doubt that modern technologies have greatly influenced the business world in recent years. All technological applications brought by Industry 4.0 have provided more mechanization and started processes that do not involve people. This revolution is at the initial stage of changing the world order. People can now imagine a world dominated by robots at work. In the 18th century, many people could not have imagined that such a thing would happen. Over the years, humans have perfected the technologies that robots tend to work on. In this article, the effects of the economic system called robonomics as a result of widespread use of robotics, artificial intelligence and automation are discussed. The positive and negative aspects of the effects of the increase in the use of robots on productivity, cost and labor, which are economic indicators, are examined in this article. With the widespread use of robots, it is predicted that more technicians, economists, and mechanical engineers will be needed in the workplaces, as well as unemployment concerns due to the spread of robots to work areas. The mentioned process will not take place in the short term, positions and roles will change gradually. The study has a conceptual aspect, and it reveals the effect of robots on the industrial use from different perspectives.