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  • Essay / Impact of technology on employment: unemployment and technological change

    Table of contentsTechnological change and its impact on structural unemploymentPositive and negative impact of technological change on employmentImpact of structural unemployed on the economyFinal recommendationsReferencesThe impact of technology on employment and employment is multifaceted and has been the subject of significant debate and research. Technology has brought about both positive and negative changes in the job market, so its impact on employment cannot be denied. Here in this essay we will analyze the influence of technology on employment, unemployment rate and the general state of the economy. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayTechnological Change and Its Impact on Structural UnemploymentTechnological change is defined or known as a growth in the productivity and competence of a product and service. this results in output expansion without input expansion. That is, someone has created or designed a good or action, which is then used to derive greater or lesser benefit from the same number or quantity of labor. For example, the telephone or the sewing machine are among the many goods which have undergone numerous divergent or distinct evolutions over the years and which have established themselves more effectively. Goods such as the telephone and the sewing machine undergo technological developments in 3 phases. Who are; Invention: which consists of the manufacture and development of a new product or new goods. Innovation: which is the implementation of innovation for the first time. Diffusion: This is the speed with which others adopt or approve the innovation. In the United States and many other advanced and developed countries, economists have classified unemployment as structural unemployment: which is due to technological changes; Cyclical unemployment: which is due to “fluctuations” in the business world; Frictional unemployment: which is caused by employees moving between jobs. Structural unemployment means employees are laid off or laid off from their jobs because their expertise is no longer required in the workplace. For example, these are the employees who are replaced and laid off by robotics technology companies. Structural unemployment indicates that employees will be laid off during the temporary period while they re-educate themselves and learn new skills. Ultimately, however, increased productivity and the results of new technologies will contribute more to broader growth. That is why governments and economists are ready to provide and provide long-term rehabilitation for the possible development and improvement of the permanent system. term. And secondly, most governments promote, support and motivate technological change because it has a greater influence on work, with increased competence, productivity rendering and at the same time erases errors and threats of the 'humanity. Technological change is also promoted and supported by economists. and governments because it generates jobs for competent and competent employees who can equip and certify themselves in a convoluted and complicated world. Positive and Negative Impact of Technological Change on Employment To start with the positive side, technology has led to a decrease or reduction in some degree of traditional jobs. For example, ATMs have replaced some banking operations. In addition, technological innovations have greatly influenced the improvement of lifestyles, so that the protection ofconsumers expands and follows and therefore develops into more contingencies or commercial opportunities. For example, industrial innovation has created more jobs than it has eliminated. Just like 3D printing technology, building houses using 3D printing is a great technological innovation. However, this will initially lead to job losses in the construction sector. However, this technological innovation will result in generating more economical and sought-after houses, which is why more and more individuals may want to buy a house. Thus, with many users, more houses will be built and will thus generate as much work but of a divergent type. Technology increases productivity and thus reduces employee stress and eradicates the stress associated with tedious and repeated tasks. Which means that employees need to acquire certain expertise to continue working. Which indicates that employees should be granted or granted undivided or exclusive improvement for freshly improved and advanced works. If the government takes care of recycling, expansion pushes or forces individuals to repeatedly improve their capabilities and understand competent and competent employees, individuals can take advantage and benefit from the effect of technology on the works . The negative side is in the immediate result of the latest technologies as it will lead to job loss as some works will become smaller or reduced. Not only unskilled and semi-skilled works, but even high-skilled works are under threat due to the new signal of technologies such as “artificial intelligence”. This may reduce employment opportunities available to skilled specialists. And the last is technical to strengthen oneself in the job market. Because it can be too overwhelming for some people to stabilize their work and personal lives. What is the impact of technological change on future production? The period of intelligent machines is very promising, with intelligent policies, the manufacturing of the future can possibly be one of the most vigorous and comprehensive growth. New digital technologies are injecting more and more into the economy. Through this digitalization, devices are gradually becoming capable of performing tasks that previously only humanity could accomplish. In the near future, technological changes on future manufacturing will help individuals get rid of “fossil fuels” and accept green energy solutions. Impact of Structural Unemployment on the EconomyTechnological change is the most important element that controls the rate of economic growth. The economic expansion method requires growth in the production of goods and services. Expanding production can be achieved either through the use of additional resources or through the realization of greater productivity through resource utilization measures of labor, capital and land, more productive. technological change in the economy helps to empower and promote growth in both ways, it can help in the discovery of new natural resources in the nation and therefore increases the productive possibilities of the nation. Technological change can also impact the economy by providing stronger devices, improving methods and advancing skills. Policy recommendations: To reduce or recover structural unemployment, the provision and support of government retraining or retraining programs should be included.-2020