Professional Documents
Culture Documents
EMPLOYMENT
To what extent does technology have an impact on
employment in different parts of the world?
Global Perspective
Employment is the base to a family trying to fulfill
their requirements. Where there is no employment;
there is no earning, leading to poverty. Hundreds
of years of mind-blowing innovations have caused
rising living standards for common people, with no
sharply rising trend for employment.
In this era, employment in any industry is effected
by the introduction of technology that is growing
rapidly over the years. Industries need to make use
of the new technology if their objective is to
increase productivity. The initial result of these
technology introductions is leading to the reduction
of workers to some extent. It is true that
technological innovation has always delivered
more long-term employment, but not without
short-term job loss for those in careers that
become outdated.
Increased productivity is a benefit for business,
though it leads to a decrease in labour demand.
When business grow, it is pronounced that they
need more workers which means increase in
amount of wages need to be paid. So innovative
machines and software are great news for
businesses.
Yes, artificial intelligence and robotics are replacing
people in some jobs, but it is also true that ongoing
Future Scenarios
While carrying out this research, Ive read through
a lot of articles stating that technology is effecting
jobs which leads to people being unemployed
resulting to poverty.
This problem is possibly going to grow in the future
as we can see that technology is becoming more
enhanced day by day. Technology is boosting its
way up like fireworks, every organization now
prefers using technology for more productivity in
their firms. In this case, people losing jobs are
likely not to be employed anymore unless they
have other talents.
Biblography
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http://www.emirates247.com/business/technology/i
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http://smallbusiness.chron.com/technologysnegative-impact-business-19118.html
https://ideas.repec.org/p/ags/aaea13/150163.html
http://archive.unu.edu/unupress/unupbooks/uu37w
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http://ebrary.ifpri.org/cdm/ref/collection/p15738coll
2/id/128468
http://www.eldis.org/go/home&id=21392&type=Do
cument#.Vg1aN7Sqqko
http://equitablegrowth.org/technology-mightreduce-employment-affect-labor-market/
https://agenda.weforum.org/2012/10/king-ludd-isstill-dead/
http://www.technologyreview.com/featuredstory/51
5926/how-technology-is-destroying-jobs/
https://hbr.org/2015/06/the-u-s-cant-count-ontechnology-to-revive-the-job-market
http://www.quickenloans.com/blog/technologyaffected-job-market
http://www.cato.org/publications/policyanalysis/does-more-technology-createunemployment
http://www.pewinternet.org/2014/12/30/technology
s-impact-on-workers/
http://smallbusiness.chron.com/technology-affectsjob-performance-13463.html