ANALYSIS OF THE DIFFERENCES BETWEEN LOW-SKILLED WORKERS AND ROBOTS IN MANUFACTURING ENTERPRISES
Keywords:
low-skilled workforce, robots, production models, economic impact, automated systemsAbstract
This article compares the productivity of low-skilled workers and modern robots in manufacturing. We derive the equilibrium allocation of tasks between robots and labor and analyze how changes in relative factor prices affect the income of low-skilled workers. The Cobb-Douglas composite was used to analyze this process.
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Copyright (c) 2024 Ravshanbek Nabijonov, Iskandar Nabiyev, Maysaraxon Nabiyeva
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