Name something you could be happy doing every day. Imagine if your favorite hobby, or most intense intellectual interest, could be your full-time job. And imagine if full time meant spending just a few hours per day on your work.

That is the future with automation. Here’s how it works:

The Economics of Automation: Automation lowers the overall cost of goods and services by increasing efficiency. Robots can often perform tasks quicker than humans, and work around the clock. One estimate says by 2025, robots can decrease the cost of labor in the U.S. by 22%. And that estimate is accounting for only automating 25% of jobs that could be automated.