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In: Economics

How is technology impacting the future of work? Do you see current examples of this impact?...

How is technology impacting the future of work? Do you see current examples of this impact? How are Detroit, Baltimore, Bridgeport examples of this impact?

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Expert Solution

Technology is affecting the work and workers.Countries,companies,industries,institutions and their workers are finding it difficult to change with developing technology.In this growing world it is necessary for the industries and educational institutions to behave and work accordingly.The rapid change in technological development is demanding the students and workers to acquire new skills and increase their ability.For example,if companies had started using any new programming language,then it hires people who posses knowledge regarding the new programming language.The company even wants its existing employees to posses or acquire knowledge about the programming language.Even educational institutes tend to offer coaching for the new programming language. But by the time students and employees upskill themselves in this course,the that programming language becomes outdated and another programming language is demanded by markets and companies.Industries and companies find it difficult to change with developing technology as unskilled workers affect the work and this affects the company's profit.Workers who are unskilled posses less knowledge about the trending and most demanded courses.It is not easy for the company to educate them and they tend to terminate such workers.After removing the existing workers then it takes time to hire new skilled workers.During this period the work remains incomplete and  company may face losses.

Detroit and Bridgeport are facing lot problems due to rapid change in technology.As most of jobs are related to technology, they are expecting students,workers,employees and people who are searching for jobs to posses the skills relating to technology like digital courses,data analytics,marketing courses,various programming languages ,etc.Educational institutes and companies have altered their activities and methodology according to new technology and is searching for people who posses any kind of knowledge about the demanded skills To acquire these kind of jobs,students ,employees need to have such skills.

Baltimore had recently faced a major issue as its data and software has been stolen.Due to low cyber-security,hackers hacked the data and work of companies has been affected badly. So companies are looking for the people who can protect their data from hackers.People,workers and employees are expected to posses skills which can give tight security to the data and information.The technology of hacking has made people of Baltimore to learn new skills of securing data.They are taught how to protect the data from various hackers and viruses.Therefore,currently the most demanded skills in Baltimore are related to secure their information from viruses and hackers.

Hence,technology is impacting the future of work.The changing technology is affecting the companies and countries as even they need to change their procedures and activities according to the technology by which work is affected.Even employees and students are finding it difficult to cope up with technological development.


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