Workforce Education: Era of Modern Technology Assignment

Running head: ERA OF MODERN TECHNOLOGY
ERA OF MODERN TECHNOLOGY
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ERA OF MODERN TECHNOLOGY1
Provide an example of a current situation, which describes the theory of supply,
demand and elasticity. Additionally, respond to workforce education.
In my view, over the last decade, the workforce education has positively responded to
the demand, supply and elasticity factors. These were done to cope up with the increase in
demand for technology. Moreover, there is an increase in the demand for a trained worker in
the field related to technology, which consists of software and hardware. This demand for
skilled hands has affected the growth of the countries. Today, security has become one of the
important factors in technology. This has led to an increase in the demand for high skilled
workers in the field of cybersecurity. Following this, various labor development institutions
and community professional has stepped up to provide vocational as well as the necessary
training to the workforce. These training consisted of various types of career certifications,
knowledge training on cybersecurity and professional certification courses. Moreover, these
training were provided by several training centers to generate a positive impact on the
technological sector of the country.
Apart from these centers, several universities and colleges provide training to the
workforce. This is because of the higher threat to the country. This indicates the nature of the
workforce that used to fill the gap of a certain type of working professionals. Despite the
higher number of graduates in the technology sector, the professionals of cybersecurity are on
high demand.
The primary goal of the workforce education is to develop the idea regarding the three
important variables determining the health of a nation, which has been suggested by the
authors, that is, human resources. Chapter 3 portrays the importance of education as
well as training on human capital. In this regard, compare as well as contrast the
training and education provided to human capital, which has been discussed in the