Relationship between Technology and Job Opportunities

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2018
Relationship between Technology and Job Opportunities
Name of Student:

Relationship between Technology and Job opportunities 1
Table of Contents
Introduction...........................................................................................................................................2
Project Objective...................................................................................................................................2
Project Scope.........................................................................................................................................2
Literature Review..................................................................................................................................3
Research Question/ Hypothesis............................................................................................................5
Research design and Methodology.......................................................................................................5
Qualitative Research and Quantitative Research..............................................................................5
Quantitative research........................................................................................................................6
Research Limitation...............................................................................................................................8
Time schedule........................................................................................................................................8
Conclusion.............................................................................................................................................9
References...........................................................................................................................................10
Appendix.............................................................................................................................................12

Relationship between Technology and Job opportunities 2
Introduction
Technology is reshaping the labour markets of the world. The 21st century is the witness of
the expansion of the technology and its increased usage which bought a change in the world
and its practices. According to Nubler (2016), technology is believed to create new jobs but
it also poses a threat to the future jobs for people. The new age of technology is changing
the fundamentals of future jobs. This research focuses on the relationship between
Technology and job opportunities. It will cover the effect of the increased usage of smart
devices and techniques on the creation of employment which is complex to determine.
Project Objective
The main purpose of the research paper is to identify the relationship between technology
and the future of job creation or the effect on the employment opportunities for people. It
is very important to determine this relationship as growing use of technology provides
employment to many people but on the other hand, also reduces the need of manual jobs
which makes people jobless. The paper will discuss about how a person can enhance his
own skills and knowledge to fit in the changing world of technology.
Project Scope
The scope of the research project is wide as more or less every organisation in different
industries uses technology and strives to improve their technologies just to fit in the
competitive environment. There is a considerable scope for the companies to shape their
employment policies and to align them with technologies so that the job creation can be
enhanced and do not make people unemployed. Nowadays, there is a growing scope of
technology implementation in the industries to address the competition at global level
(Vivarelli, 2015).

Relationship between Technology and Job opportunities 3
Literature Review
According to the report prepared by World Bank Group (2015), technologies like advanced
robots, machine learning, computers and laptops, mobile networking, cloud computing and
big data and many more have seen a high growth in the past decade which has promised to
have social and economic impact in the coming years (Acemoglu and Restrepo, 2016). This
impact is mainly of employment of people as technology has created millions of jobs for
people in IT and digital sector. The emerging economies are benefitted from this shift as it
has employed millions of people and gave them a high standard of living. But there are also
the spill over effects of the same (Dubin, 2017). Technology has taken over the jobs of many
people who are not qualified and trained enough to deal with technology and were earning
their living through manual jobs (Matuzeviciute, Butkus and Karaliute, 2017).
In the opinion of West (2016), technologies like Robots, artificial intelligence, 3-D printing
and more is transforming the manual jobs into digital jobs. The industries and businesses
now need fewer workers to perform the basic tasks. The past decades have already seen the
transformation of blue collared jobs into white collared jobs. As per the report by World
Economic Forum (2016), overall if the impact is measured then it is assessed that the
outlook is positive towards technology. It increase job opportunities in many sectors and
also enhances the skills of the employees. It helps many companies in attracting talents
which are facing recruitment challenges. The government and industries should work
together to upscale the skills of the workers and to prepare them for the future technology
(Feldmann, 2013). It is also clear from the report that technology is not just the sole factor
for the change in employment but there are other factors too like demographic and socio
economic factors (changing work environment, geopolitical volatility, ethical issues, ageing
societies and more).
The rapid increase in the use of technology have a mixed impact on the workforce. In many
cases, it is observed that the adoption of technology have forced companies to downsize
their employees because they are no longer useful for the company and they creates extra
cost for the business (Aguilera and Barrera, 2016). For e.g. the driverless cars created by
Google has reduced the need of employing drivers. But it is not surprising that the
technological progress revamped the job creation and provided jobs to millions of people. It