Manufacturing AUTOMATION: How will automation affect Canada’s post-COVID economy?
In a new study, Joel Blit, professor of economics at the University of Waterloo, determined that Canada’s post COVID-19 economy will see more automation in manufacturing. Here’s why
Coming out of the COVID-19 crisis, Canada is poised to implement more automation, according to a recent study conducted at the University of Waterloo.
Joel Blit, a professor in the economics department, highlights manufacturing and retail as the two sectors that will undergo transformational change in the post-COVID-19 economy in his report Automation and Reallocation: Will COVID-19 Usher in the Future of Work?
Blit says this change will be brought on by the 2020 economic recession, which was declared in May by the C.D. Howe Institute. While experts expect the recession to be short-lived, it will have a major impact on the workforce.