What is a major effect of automation on the job market?

The selection of the statement that automation leads to job displacement and new opportunities accurately captures a significant truth about the impact of automation on the job market. As businesses adopt automated processes and technologies to enhance efficiency and reduce costs, certain jobs may become redundant, leading to job displacement. This is particularly evident in industries where routine tasks are easily automated, resulting in workers losing their positions.

However, alongside this displacement, automation also has the potential to create new opportunities. As some jobs are eliminated, new roles emerge in areas such as automation management, technology maintenance, and data analysis, all of which require different skills and expertise. Thus, the job market evolves, prompting shifts in career paths and necessitating a workforce that can adapt to the changing demands brought about by technology.

Moreover, the need for upskilling and reskilling becomes increasingly important, as workers must adapt to new technologies to remain relevant in the job market. Therefore, this answer accurately reflects the dual nature of automation's impact—while it can displace certain jobs, it also fosters the creation of new roles and opportunities, ultimately reshaping the workforce landscape.