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The unemployment which is caused by the introduction of new machinery, improvement of production techniques, labour saving devices etc. is called :
- a)Frictional unemployment
- b)Casual unemployment
- c)Structural unemployment
- d)Technological unemployment
Correct answer is option 'D'. Can you explain this answer?
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The unemployment which is caused by the introduction of new machinery,...
Technological Unemployment
Definition:
Technological unemployment refers to the involuntary unemployment caused by the introduction of new machinery, technology, production techniques, or labour-saving devices which replace human labour.
Explanation:
As technology advances, it is becoming more common for machines and computers to perform tasks that were previously done by humans. This results in a decrease in the demand for human labour and an increase in the demand for skilled workers who are able to operate and maintain the new technology. Workers who are not able to develop the necessary skills are left without work, leading to technological unemployment.
Examples:
- The introduction of self-checkout machines in supermarkets, which replaced human cashiers.
- The use of automated manufacturing systems in factories, which replaced assembly line workers.
- The development of artificial intelligence in data entry and customer service roles, which replaced human workers.
Effects:
Technological unemployment can have negative effects on individuals, families, and communities. It can lead to a decrease in income, a loss of skills and self-esteem, and an increase in social problems such as crime and substance abuse.
Solutions:
To address technological unemployment, it is important for individuals and society to adapt to the changing job market. This may involve developing new skills, pursuing education and training, and embracing new technologies. Governments and businesses can also help by investing in education and training programs, supporting research and development, and promoting innovation and entrepreneurship.
Definition:
Technological unemployment refers to the involuntary unemployment caused by the introduction of new machinery, technology, production techniques, or labour-saving devices which replace human labour.
Explanation:
As technology advances, it is becoming more common for machines and computers to perform tasks that were previously done by humans. This results in a decrease in the demand for human labour and an increase in the demand for skilled workers who are able to operate and maintain the new technology. Workers who are not able to develop the necessary skills are left without work, leading to technological unemployment.
Examples:
- The introduction of self-checkout machines in supermarkets, which replaced human cashiers.
- The use of automated manufacturing systems in factories, which replaced assembly line workers.
- The development of artificial intelligence in data entry and customer service roles, which replaced human workers.
Effects:
Technological unemployment can have negative effects on individuals, families, and communities. It can lead to a decrease in income, a loss of skills and self-esteem, and an increase in social problems such as crime and substance abuse.
Solutions:
To address technological unemployment, it is important for individuals and society to adapt to the changing job market. This may involve developing new skills, pursuing education and training, and embracing new technologies. Governments and businesses can also help by investing in education and training programs, supporting research and development, and promoting innovation and entrepreneurship.
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Community Answer
The unemployment which is caused by the introduction of new machinery,...
Technological unemployment cause machines were replaced in place of labours so that unemployment of this type occurs
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The unemployment which is caused by the introduction of new machinery, improvement of production techniques, labour saving devices etc. is called :a)Frictional unemploymentb)Casual unemploymentc)Structural unemploymentd)Technological unemploymentCorrect answer is option 'D'. Can you explain this answer?
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