The Relationship Between Technology and Unemployment: An Analysis

This report delves into the multifaceted relationship between technological advancements and rising unemployment rates. It begins with an introduction defining technology and its rapid evolution, emphasizing its impact on various sectors. The main body of the report comprises an annotated bibliography, analyzing several sources that explore the negative implications of technology on employment. These sources highlight how automation, artificial intelligence, and the increasing use of advanced software are leading to job displacement, particularly in low- and medium-skill sectors. The report discusses the challenges faced by workers in adapting to new technologies, the shift from human resource to automated systems, and the potential for significant job losses due to technological advancements. The conclusion summarizes the key findings, emphasizing the complex issues surrounding technology's impact on unemployment and the need for strategies to mitigate its adverse effects.

Is technology rising unemployment
rates

Table of Contents
INTRODUCTION................................................................................................................................4
MAIN BODY.......................................................................................................................................4
CONCLUSION....................................................................................................................................7
REFERENCES.....................................................................................................................................8

INTRODUCTION
The term technology is defined as the application of scientific knowledge to the goals and various
practises of human life. It is refereed as the change and upgradation of the human environment and
the surroundings. The Technology is upgrading day by day, various methods and new systems are
being introduced to the global world so that the functional ability can be promoted in a different
way(Esposito and Scicchitano 2020). The upgradation of technology has made the living easier and
faster. The industrial growth and various other sectors of the economy is totally dependant on the
technology as it has provided new aspects to the business culture. As the rise in technology is
increasing, it has laid down various impacts on the job sector, as it has increased the rates of
unemployment along with the period of time. This report will highlight the Various aspects of
technology, in terms of rising unemployment rates.
MAIN BODY
Annotated bibliography
Source- Kim, Y.J., Kim, K. and Lee, S., 2017. The rise of technological unemployment and its
implications on the future macroeconomic landscape. Futures, 87, pp.1-9.
This Article has been chosen to prove that , rise in technology can increase the unemployment rates.
Technology is an integral part of the economy nowadays and its has contributed a lot towards the
growth of business and various sectors of the economy. According to the opinion of Young joon
Kim and Kyungsoo kim, Recent technological advances in big data, Machine learning and Artificial
intelligence have made it easier and more convenient for the business and individuals to perform
various tasks and activities quite quickly as compared to before. These upgradation in technologies
and advanced software have begun to have a negative influence on the existing unemployment.
Various studies have evaluated A decline in various low and medium income employment resulting
from a replacement of human workforce with machines (GhotoTalpur and Kamboh 2022). The
future of the business is based on the technologies and advancement in various other terms which
can make the excellent contribution in increasing the functional ability. The increase in use of
technology and their uses has also affected The employment in a negative way, as there are many
individuals which are not efficient enough in terms of using technology, as a result it has been more
complex and difficult or such people to handle the advancement and excess use of technology in
various ways. The Computerisation and adapting of various data programs has made the coding and
technical work transformed over the period of time. The digital change has taken over a huge

amount of jobs and employment from the industries as the machines are considered more effective
and faster in comparison to the Human.
Annotated Bibliography
Source- Weedmark, D., 2019. What are some positive & negative technology training impacts on an
employee.
This Article has been selected To state the negative impacts of technology in terms of employee
training and unemployment. The technological efficiency has been increasing from a fast phase,
According to the Author, David Weed mark The technical efficiency of the individuals is considered
as an important part so as to cope up with the advanced environment. Technical skills are also the
relevant part in terms of adapting the technological changes and advancements (Hötte Somers and
Theodorakopoulos 2022). The Author has also described that the sudden change in software and
programmes has made it quite stressful and The routine of the individuals is also being affected by
the change technologies, as there way of doing things performing tasks and activities has changed
which has lead to an increase in technology. The employees and the workers should adapt the
changes and stay dynamic according to the environment but the lower efficiency and improper
knowledge regarding the technical terms has made it a bit difficult to run the tasks smoothly.
Various business and the organisations are adapting certain changes and introducing new
technologies anAnakpo, G. and Kollamparambil, U., 2022. Effect of automation on unemployment:
The case of Southern Africa. Development Southern Africa, 39(4), pp.516-527.
d changes so as to increase the functional ability and easy management of their tasks and operation,
As a result they are relying more and more towards the new technology and making it a priority
over the human resource. This sudden replacement of technologies with machines has created a loss
in workforce and other changes such as the rise in Unemployment sector as well. The Automated
checkouts are replacing the grocery stores and the retail workers, The self driving cars are also
being introduced to the market so that the manual cars can be reduced as a result increasing the
advanced technological usage. There is no doubt that the technology can create the jobs but it can
also destroy the huge number of jobs from various sectors of the economy resulting a rise in
unemployment. According to the statistical Data it has been estimated that around 18,00,000 jobs
can be lost due to the introduction in the technologies in industrial sector which can result in a loss
in workforce.
Automated Bibliography
Source- Hötte, K., Somers, M. and Theodorakopoulos, A., 2022. The fear of technology-driven
unemployment and its empirical base.

This Article has been chosen to describe The technological changes and advancements and its great
impact on every sector, The Automation and Artificial intelligence has taken over a lot over a period
of time. According to the Author, Jordan Borchowsky, it has been stated that The Shifts in priority
of various business and the organisation due to the introduction of new technology such as Robotics
and Artificial technology has made it easier for the business to perform the various activities in a
easier way as compare to the efficiency of human resource (Hung and Peng 2020). The Classical
schools of thought on the technology was also considered effective in describing its negative
impacts on employment up to certain extent as it can laid to the change in the shifts and preferences
of the individuals so that they can easily manage their tasks without and obstacles and work delay.
The effectiveness of technology is considered as good as compared to the humans as machines are
way more efficient in terms of every aspect than the humans, Resulting a transformation of
technology causing huge loss in the jobs and the workforce reduction. The various business and the
organisations are using tools and techniques to increase their supply chain and expanding their
operations by using the advanced technological, terms and tactics so that they can increase their
productivity and can manage their functions quickly. This replacement of technologies over human
resource is causing the reduction in the workforce and leading an increase in unemployment.
Automated Bibliography
Source- Anakpo, G. and Kollamparambil, U., 2022. Effect of automation on unemployment: The
case of Southern Africa. Development Southern Africa, 39(4), pp.516-527.
This Article has been chosen to describe the Effects of Automation and the Technological
advancements in terms of Unemployment. according to the opinion of author, Godfred Anakpo it
has been defined That an increase in the level of automation has been a factor in creating an impact
on Employment. The Effect of Automation jas also created a rise in unemployment in South Africa
(McCartin2021). The various studies and s reports has concluded that an increase in the
technological uses and introduction of Automation have made it difficult and complex for the
human resource and human workforce to overcome. It has been defined that the Automation and the
unemployment has positive relationship and it has laid to the loss in jobs and reduction in the
workforce over the period of time as the entry of new technology and robotics has made it quite
easy and efficient as compared to the humans. The technical advancements has created a huge
amount of job loss as the industrial sector is choosing the new technologies so as top increase their
efficiency and functional ability. The investment procedure and privacy concerns has also been
developed by the use of advanced software making it more easy and convenient to rely on the
technological force rather than the human resource. As a result increasing a rise in the
unemployment and causing job loss.

CONCLUSION
The Above developed Annotated Bibliography went into detail with various complex issues such
as, Rise in technologies and technological advancements. Further more, The various Sources has
been chosen so as to describe the impacts of technology on rising unemployment. The Increase in
technological advancement and software upgradation has made it quite complex and difficult for the
people so as to cope with the technical changes due to the less technical efficiency. Along with that,
The increase in Automation and introduction to the Artificial intelligence has also been detailed
which is creating a huge impact on increasing the unemployment as the machines and new
technologies are more effective in comparison to the human resource.

REFERENCES
Esposito, P. and Scicchitano, S., 2020. Educational mismatches, routine biased technological change
and unemployment: evidence from Italy. Routine Biased Technological Change and
Unemployment: Evidence From Italy (June 6, 2020).
Ghoto, A.A., Talpur, M.G.H. and Kamboh, S.A., 2022. Investigation of the relationship between the
unemployment rate and the inflation rate of Pakistan. Iranian Economic Review.
Hötte, K., Somers, M. and Theodorakopoulos, A., 2022. The fear of technology-driven
unemployment and its empirical base.
Hung, L.W. and Peng, S.K., 2020. Unemployment with trade and firm heterogeneity. International
Journal of Economic Theory, 16(1), pp.62-81.
McCartin, J.A., 2021. American Unemployment: Past, Present, and Future.