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“For every slot machine you add, you lose one job per year from the consumer economy” quote by John Warren Kindt
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“For every slot machine you add, you lose one job per year from the consumer economy”

John Warren Kindt

About This Quote

Automation can displace workers, reducing employment opportunities in the consumer sector.

In simple terms: Automation cuts jobs.

Key Takeaway

Consider impacts of automation on jobs.

Themes

technology employment economics

Mood

concerned analytical

Type

economic critical

When to use this quote

  • policy planning
  • career counseling
  • business strategy

Key Concepts

labor market automation

Questions to Reflect On

  • How can societies mitigate job loss?
  • What new jobs might emerge?
A Different Perspective

Automation also creates new roles and efficiencies.

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