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How has automation affected the economy?.

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Answer: It affected it via automation, jobs, and wages

Explanation: So, how does automation affect our economy? Well, I'll answer it. So think about it, workers who work with machines are faster and mostly better at the job than people who do it "old-fashioned." Therefore, this reduces both the cost and prices of goods/services (this is because the person is not working harder and longer to produce a good or service.) So, this makes the consumers happier, because they feel richer. Therefore, the consumers will be willing to spend more on a good or service, making more jobs possible.

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