Question

In: Economics

Technology - Our Savior, or Killing Jobs?

Technology - Our Savior, or Killing Jobs?

Solutions

Expert Solution

TECHNOLOGY is a knowledge which is put into the factual use to resolve the problem and the transformation of all the tools and machines created by the group of people.

Technology - our Savior, or killing jobs.  

There are always two aspects of the coin, one positive and another one is negative. One cannot say that technology is a saviour or slaughtering employment.

If we have an eye on the negative side, Technology is something which is murdering job opportunities. This is because the manufacturing is joined with the automation . and adopting the new technology hamper the production in the first go as well as the low skilled labour also. It causes a gap in the career of.

On the other hand, the positive side of this is it increases the efficiency of the firm and act as a saviour because it employment opportunities, enhance the lifestyle of the worker, demand for the youth with knowledge technical and hence there will be economic growth.

CONCLUSION

Technology is something which alters the overall nature of the employment, there are some types of jobs which are useless and some are working in very good condition. Sustained learning is the need of the hour.


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