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.


Related Solutions

Based on the essay "Killing the I Bank", describe how changes in technology and market practice...
Based on the essay "Killing the I Bank", describe how changes in technology and market practice are affecting . . .                 a.     Underwriting of shares.                 b.     Mergers & Acquisitions
Define the principle of avoidance in killing. What is the difference between "active killing" and "letting...
Define the principle of avoidance in killing. What is the difference between "active killing" and "letting die" Do you believe it is ever ethically acceptable to help someone end their life? Explain.
how has technology in healthcare made jobs easier and perhaps harder?
how has technology in healthcare made jobs easier and perhaps harder?
According to Chapter 2, what is the difference between killing and non-killing religions? Which of these...
According to Chapter 2, what is the difference between killing and non-killing religions? Which of these is associated with modern-day terrorism? Explain within 100 -160 words. (CRIMINAL JUSTICE SUBJECT) (CRIMINAL JUSTICE SUBJECT)
if our company can purchase new technology for 650,000 and that technology will save us 330,000...
if our company can purchase new technology for 650,000 and that technology will save us 330,000 for three years at which time the new technology will be outdated and our tax rate is 35% should we buy the technology when our cost of capital is 9%
Que: Technology has changed our lives in many ways. Think of a development in technology, such...
Que: Technology has changed our lives in many ways. Think of a development in technology, such as the widespread use of cellular phones or the availability of the Internet. Write an essay in which you explain the causes and effects of this development on our lives. (Answered need to be in soft copy only)
Examples, How Technology Has Changed Our Lives ?  
Examples, How Technology Has Changed Our Lives ?  
How does Callahan describe "private killing "? Why would euthanasia be a form of private killing,...
How does Callahan describe "private killing "? Why would euthanasia be a form of private killing, and what, according to Callahan, is wrong with this act?
The specialization of jobs in our society today and brought out some consequences of this trend....
The specialization of jobs in our society today and brought out some consequences of this trend. Do you believe jobs are becoming more specialized? Give some examples either way to justify you position and if so is this a good or bad thing?
Considering our personal and professional reliance on technology, how has mobile technology positively and negatively impacted...
Considering our personal and professional reliance on technology, how has mobile technology positively and negatively impacted business? How can social media negatively impact your career goals? What are the positive attributes of social media in achieving your career goals?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT