A few months ago, Elon Musk announced what he referred to as the “Tesla Bot,” a robot designed to eliminate the need for human labor involving repetitive tasks.  

Currently, many labor-intensive jobs are performed by humans, such as carrying large loads or manipulating controllers for other devices.

Ideally, the Tesla Bot would drive down labor costs for companies, who could assign labor-intensive work to machines, saving their human workers from repetition and strain.

But hold up. 

If a machine will reduce labor costs, then it must also be reducing jobs, right?  

Eliminating the need for a human means eliminating the need to pay for one. 

You only have to turn on an episode of “How It’s Made” to see how vital automation is, particularly in the technology and production sectors. 

The good news is there’s still a need for the human touch in skilled trades like plumbing, landscaping, and gardening. Naturally, there is less to automate since much of their work is hands-on. But, if Tesla Bots start getting used in these industries, what then?  

It does raise the question of if we are headed for a world where we no longer have to do tedious, repetitive tasks.  

Will we be able to focus on jobs better suited to our personal strengths? Does this mean that we will end the manual labor work front permanently? 

We’re only at the very beginning of the Tesla Bot story. We are unlikely to see the labor force entirely replaced by machines in our lifetime.  

Still, if you are concerned about potential job loss (to either a robot or another human), it may not be a bad idea to plan ahead. 

Give us a shout by calling 513-563-PLAN (7526) or booking online to set up a 15-minute consultation with us. Let’s see a robot do financial planning better than us!