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The company will likely reduce its workforce because automation replaces the need for unskilled labor.
The company will increase its demand for unskilled labor because workers can now produce more output, increasing their marginal revenue product.
The company will keep its labor demand unchanged since technology does not affect the number of workers needed.
The company will only hire skilled labor in the future as technology makes unskilled roles obsolete.
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Impact of Technology on Labor Demand
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