This report analyzes the relationship between technology and unemployment. It provides insights on how technological advancements impact job opportunities and the need for enhancing skills to sustain in the market.
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Is technology rising the rate of unemployment 1
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 CONCLUSION................................................................................................................................5 REFERENCES:...............................................................................................................................6 Books and Journals.................................................................................................................6 Online.....................................................................................................................................6 2
INTRODUCTION There are regular changes in the technology and this impacts the unemployment rate. All the businesses want to use latest technology that enhances the productivity of a company. This report is on against motion debate “Is technology rising the rate of unemployment?” MAIN BODY Artificial intelligence is the simulation of human intelligence by the use of machines and computer system. It helps the organisation to carry on their work effectively and save the time as well. But, it is analysed that there is non linear relationship among Artificial intelligence and unemployment(Mutascu, 2021). This shows when high use of artificial intelligence but it done not directly impacts the unemployment rate. There are certain changes that takes place in the labour market due to the use of artificial intelligence. There is need of providing effective training to the employees so that they are able to use the latest technology in effective manner. There is no direct relationship among artificial intelligence and unemployment. It is a quality source as it is published in 2021 so the data is recent. The author of research is Mihai Mutascu who is Faculty of Economics and Business Administration, West University of Timisoara. This shows the quality of the reproach is justified. It is shown that there is particular bias of using artificial intelligence and this does not impact the unemployment rate. New technologies simplify the work of companies and enhance their operations as well. There is technology that replace and can carry on the work of labours. There is need of understanding the fact that there is enhancement in job opportunities so that they can use them properly. There is need of effective technological skills that will help them to carry on the work effectively (Hötte, Somers and Theodorakopoulos, 2022). It is necessary to know about the trend in market and use enhance the necessary skills. It is analysed that the use of updated technology also required new and skilled employees to manage the working. It was given by Hötte, K., Somers, M. and Theodorakopoulos, A., in 2022. It was discussion related to today’s reality and the requirement of skilled employed that shows the quality of content. The use of robots and artificial intelligence in enhancing and rising the concern for employed people. It is necessary to manage the working of business in today’s time. The future is digital technology and it helps society to attain effective position in the market. There is no direct relation among unemployment and the use of digital technology. It is time when the 3
employees must work on skills development in order to sustain in the market. The lack of skills in the employees causes problem for the employees and they are able to manage the work effectively (McClure, 2018). The reason of unemployment is related to the lack of skills among the labours. It is also published by a famous author Paul K. McClure who has good research record. There is ned of enhancing the skills so that no one stays unemployed. Nowadays, computers carry on most of the work that was done by humans. There is a lot of threat in job market and people are worried about their jobs. It is not the whole trust, some of the work that was done by the humans can be easily managed by the use of technology. The use of technology such as artificial intelligence helps to excel in a particular job not to carry on the same (Will robots and AI cause mass unemployment? Not necessarily, but they do bring other threats, 2022). Along with that, it is not possible for all the business organisations to use the latest technology. They have to check various other constraints like economic, political and regulatorystructurebeforeimplementingthechange.Itisseenthat,thereisneedof technological innovations that will help to bring new jobs in the market. It was published in Department of Economic and Social Affairs and it is a trustable study that took place. It is clear that the adopting the trend on working on technological skills will help. 4
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CONCLUSION It is concluded that there is no direct relationship among technological advancement and unemployment. To work in labour market there is need of enhancing the skills and knowledge so that technological advancement helps to enhance the job opportunities. 5
REFERENCES: Books and Journals Mutascu, M., 2021. Artificial intelligence and unemployment: New insights.Economic Analysis and Policy,69, pp.653-667. Hötte,K.,Somers,M.andTheodorakopoulos,A.,2022.Thefearoftechnology-driven unemployment and its empirical base. McClure, P.K., 2018. “You’re fired,” says the robot: The rise of automation in the workplace, technophobes, and fears of unemployment.Social Science Computer Review,36(2), pp.139-156. Online Will robots and AI cause mass unemployment? Not necessarily, but they do bring other threats, 2022. [Online] Available through: <https://www.un.org/en/desa/will-robots-and-ai- cause-mass-unemployment-not-necessarily-they-do-bring-other> 6