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Effect of Technological Automation n the Labors Market PDF

   

Added on  2020-10-22

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Phd Propsoal &Personal statement
Effect of Technological Automation n the Labors Market PDF_1
Table of ContentsBACKGROUND.............................................................................................................................3AIM..................................................................................................................................................3LITERATURE REVIEW................................................................................................................3METHODOLOGY..........................................................................................................................4CONTRIBUTION TO KNOWLEDGE ..........................................................................................4PERSONAL STATEMENT............................................................................................................4REFERENCES................................................................................................................................6
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BACKGROUND With time all the sectors in the society and the industry have changes. Over past fewyears technological advancement has grown to immense level. With this the industrialdevelopment has also seen an amplifying boost. This magnificent growth of the industry have adirect impact on the Labour marks. Some of the effect are positive on the contrary some of themare negative. The present research is conducted to identify the effect of technologicalautomation n the labors market. In this context on the major element considered is thetechnological advancement in history. With taking into consideration this factor the research isbeing carried out. AIM“Conducting an investigation on determination of the effected of automation on the labourmarkets with all major technological development in the history”LITERATURE REVIEWAccordion to Daron Acemoglu and Pascual Restrepo (2017), robots and other computer-assisted technologies take over tasks previously performed by labor, there is increasing concernabout the future of jobs and wages. The automation have increased in past 50 years with this thelabors with lesser skilled are not preferred by the companies (Humphries, 2017). This havedirectly effected their job security and survival. Jobs are vulnerable of being replaced bymachines but it is clear that developing countries are more susceptible to automation comparedto high-income countries. The impact of advancement in technology is more seen on the labormarket of developing economies as these nations are more inclined towards adoption ofadvances machinery and technology for enhancements of their economic perspective andgrowth of the country. On the other hand in the views of Daniel B. le Roux1 (2018), thetechnological revolution in the industry have an impact on the type of the work performed bythe humans. The invention of increasingly advanced machinery decreases, on one hand, the needfor certain forms of manual labour while, on the other, creating new needs and new types ofwork . Through continuous cycles of this process advanced industries have emerged enablingstandards of living to rise across the world (Weber, 2017). This have collided with the growthof inequalities in the economies in the those nations which were previously democratic.prompting debate over the implications of the computer revolution for low and medium-skilled
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