Examining the Relationship Between Technology and Unemployment

This essay examines the multifaceted relationship between technological advancements and unemployment rates. It acknowledges technology's role in enhancing productivity and creating economic opportunities but also addresses concerns about job displacement due to automation and the adoption of AI. The essay synthesizes viewpoints from various sources, highlighting the potential for technology to both destroy and create jobs. It emphasizes the importance of upskilling and reskilling initiatives to prepare the workforce for the changing demands of the labor market. The analysis concludes that while technology can contribute to temporary or permanent job losses for some workers, proactive measures such as continuous learning and adaptation to new technologies are crucial for mitigating unemployment risks and ensuring long-term economic growth and stability. Desklib provides access to this essay and a wealth of study resources for students.

Is the Rising of Technology
affecting Unemployment rate
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Introduction......................................................................................................................................3
Main Body.......................................................................................................................................3
Is the Rising of Technology affecting Unemployment rate...................................................3
Conclusion.......................................................................................................................................5
References........................................................................................................................................5
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Introduction
In today’s world the use of technology and replacement of technological tools and
techniques is invite able. It is essential for business organization to utilise tools and technologies
in order to make consumer satisfy and retain industry for longer period of time. The greater shift
employment due to technology is creating opportunities for organization in consumer (Parschau
and Hauge, 2020). However dynamic and frequent adoption of technology is creating threat on
job thread and is creating unemployment rate and a significant rate. In this business organization
needs to understand to implement new technologies to transform the work and scale of
employees. In this they need to implement a framework through which they can facilitate the use
of technology and employment rate at a significant rate. The present essay include the discussion
on the rise of technology affecting unemployment rate in which viewpoint of various authors,
journals and other articles has been discussed.
Main Body
Is the Rising of Technology affecting Unemployment rate
This fact cannot be denied that technology is playing important role in today’s world which
is providing ease of access to each and every individual whether they are business organization
or people. However the significant rise of technology is affecting unemployment rate at a
significant level. In addition to this it has been underlined that the new technologies
transformation of work as well as skills is increasing automation which is enhancing the adoption
of smart computers as well as robotic technology by many business organisations around the
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world. It has been underlined that many companies on different scales are taking use of smart
technologies and computers and other tools to increase the production and productivity
(Acemoglu and Autor, 2011). This is also helping them to reduce the overall resources utilization
as well as saving money and time the dramatic increase in the use of technology in every
organization whether they are small large or medium is creating dynamic negative impact on
unemployment rate. It has been underlined by the research of United Nations department of
economic and social affairs that the robotics and AI is causing mass and employment and it is
causing threat to the overall world employment rate. It has been underlined by the research report
that nearly each and everyday there are remarkable feeds that has been achieved by computers
and promote. This increases the ease and use of technology which is creating major threat to
labour market. In addition to this report also states that 80% of job run the risk of being
automated in the upcoming decades. Furthermore it has been underlined that the artificial
intelligence innovators 3D printers and other technology tools are creating great excel at very
specific set of tasks. This is playing a substitution for an entire occupation which requires more
versatility and adaptability (Parschau and Hauge, 2020). In addition to this it has been underlined
that technology is not only destroying but it also affects in creation of new jobs. Furthermore it
has been evaluated that in today’s business world the use of technology is widely in the rise and
implementation of technology is speeding at an efficient rate which is however increasing
productivity but it is creating negative impact on employment rate. Due to the dramatic increase
in technology in different industrial sectors the organization is adopting technology at higher rate
(The phantom of technological unemployment. 2019). This is leaving machines to reduce the
overall production and decreasing the wastage. In this if individual remain semi skilled or
unskilled they get substituted by a new technology. The rise of adoption of automation and
technology is leading business organization to reduce down the need of human labour.
It has been underlined that technological unemployment generally occurs when development
in technology as well as working practices are causing some workers to lose their jobs. Term
technological employment is considered to be a wider concept which is defined as structural
employee employment technology. The modern area all around the world is taking on innovation
for higher proficiency and efficiency. Machines can lessen the creation of default items to say the
least and furthermore decline the creation time. This might prompt employment cutback for the
untalented and semi-talented work on the off chance that they stay uninformed and undeveloped.
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However, assuming they become gifted through preparing and advancement programs, there
would be better open positions. Laborers will have greater business valuable open doors
assuming their occupation goes through some level of PC robotization (Will robots and AI cause
mass unemployment? Not necessarily, but they do bring other threats. 2022). However long they
can figure out how to utilize the new devices, mechanization will be of their advantage.
Innovation changes the idea of occupations yet it doesn't totally cause joblessness. Consequently,
there is compelling reason need to cause alarm rather plan for the future by consistent refreshing
and learning. However does not making increase in the overall unemployment but through this
there are some forms of workers those who are temporarily or permanently losing their jobs
(Benanav, 2020). Technological innovation is causing dynamic change in the forms of job along
with the manner in which they under take place. Along with this it has been underline that
technological impact on growth and employment at a significant rate technology is playing
crucial role in increasing economic growth making improvement in standards of living and
creating revenue generation sources for organization (Frey and Osborne, 2013). The current
advances in machine learning in artificial intelligence is causing remarkable success for
organization and providing them plentiful opportunities in today’s business world to sustain in
the competitive business environment and serve consumers. It is essential for organization to
adopt advanced tools and technology (Frey and Osborne, 2013). These are creating threat on
human labour and is reducing the labour cost negligence of individual to understand and enhance
the technological scale is causing them to lose their job. Furthermore it has been underlined that
there are number of advances that are providing by technology which aggregate in employment
and its composition. The dramatic increase in the use of technology is creating threat on different
stages of employment level which is causing dynamic shift the use of technology cannot be
neglected as it can impact on the overall growth and profitability of organization and can hamper
profitability rate. Thus it is important to be ready for acceptance of technology and enhancing
that new technological scale in order to be compatible with the technological changes in order to
work in a smart manner.
With the help of advancement of technology companies also need to make a new labour
saving technologies. This become a 4th mechanism that will help in expanding the extent of
technology and increasing the wage growth as a result of technological innovation. There are
number of advanced equipment in a place which help in replacing people with machine
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(Parschau, C. and Hauge, J., 2020). However in this it is essential to maintain the positive
relationship between adoption of technology and labour productivity by providing employees
greater opportunities and training to be compatible with the technology. This will help
organization to facilitate greater ideas in order to assure long term growth and profitability.
Conclusion
According to the above mentioned report analysis it has been concluded that technology has
significantly enhance the size of economic surplus pie and redistribute to consumers. With the
adoption of technology artificial intelligence robotics and other tools and techniques
organisations are finding better ways to communicate with people and connecting with
employees. This is not only enhancing the living standard but it also providing great
opportunities for organisations as well as consumers, along with employees to conduct their
operations in effective manner. However it has been underlined from the above research that
dynamic increase in the use of technology is creating thread on human labour. Dramatic use of
technology is creating organization advantage in which they are taking use of positive
relationship between innovation and employment growth and are making technological change
to create a workplace which facilitate both short and long term benefits. However in order to
overcome the challenge of unemployment caused by digitalization. It is essential for organization
to make employees compatible with the digital skills and knowledge in order to make them work
with technology inefficient rate. This will not only help in substituting technology for better
growth and productivity but it also allows organizations to overcome the problem of
unemployment due to technology adoption. This will help organisations to conduct their
operation insignificant rate by assuring long term growth and profitability in the industry. This
will also benefit organisations to conduct their initial labour offerings and providing them
offering work of labour market that helps in reducing the cause of unemployment and stimulate
the increase in demand for it.
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References
Acemoglu, D. and Autor, D., 2011. Skills, tasks and technologies: Implications for employment
and earnings. In Handbook of labor economics (Vol. 4, pp. 1043-1171). Elsevier.
Benanav, A., 2020. Automation and the Future of Work. Verso Books.
Frey, C.B. and Osborne, M., 2013. The future of employment.
Impact of technology on jobs. 2018. [Online]. Available
throughhttps://timesofindia.indiatimes.com/readersblog/thedailyyou/impact-of-
technology-on-jobs-34778/
Parschau, C. and Hauge, J., 2020. Is automation stealing manufacturing jobs? Evidence from
South Africa’s apparel industry. Geoforum, 115, pp.120-131.
Sabri, M.M.S., Vatin, N.I. and Alsaffar, K.A.M., 2021. Soil injection technology using an
expandable polyurethane resin: A review. Polymers, 13(21), p.3666.
The phantom of technological unemployment. 2019. [Online]. Available
throughhttps://rujec.org/article/35507
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Will robots and AI cause mass unemployment? Not necessarily, but they do bring other threats.
2022. [Online]. Available throughhttps://www.un.org/en/desa/will-robots-and-ai-cause-
mass-unemployment-not-necessarily-they-do-bring-other
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