news analysis in econ

Please prepare a roughly 1-page analysis of what the impact of automation might be for profit maximizing firms.

I present you with a couple of different articles that offer very differently opinions on this subject. The first, which references a study by Bain, states that automation may replace as many as 2.5 million workers per year.

The second cites an NPR survey in which 94% of US workers across all industries say it’s unlikely they will lose jobs to automation. (Links to an external site.)

Why would firms switch to more capital (automation) rather than labor? Do you think it will move very quickly and/or accelerate what might happen in the long term?