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Technology and Jobs - Essay Example

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It resulted in economic growth of many countries within a few years. All the countries that utilised the development in industrial sector achieved good results. The technology development…
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Technology and Jobs
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"Technology and Jobs"

Download file to see previous pages the newly introduced electronic typesetting equipment swallowed around 4200 type setters in New York but created new job opportunities for the people who can operate the new type setting equipment. In 1920s American railway employed more than 2, 00,000 people and the number was reduced to only for 40 thousands because of advanced technology. Between 1947 and 1957 there were 10 thousands of workers in oil refineries of America. After 1957 though the production was increased the number of workers was reduced by three percent. However, there is a simultaneous increase in job opportunities for the people who can work with the advanced technology. In automobile division, robots replaced man power, but the people who could operate the robots could retain their jobs. Electronic mails, E-banking and computerization definitely cause the reduction of jobs. One cannot run away from the modern technology to save the jobs, but should use the technological developments to increase the business as well as the employment opportunities.
In the case of reduction of jobs and retrenchment, the role of state can find legality in maintaining the retention as providing employment is part of the duties of the government. If the government confines itself to the regulatory function, one cannot find legality in saving the jobs. However, the legality for saving the jobs comes from the fact when government realises that providing or creating employment is a responsibility of the government. The legality can be maintained by continuing with public investment projects thus intensifying public sector employment programmes by adapting industrial financing to the companies who retain the employees in the wake of technological developments. 1
The changes in technology can be termed as a boon for the people who could adopt themselves to the new system. However, it is a curse for the workers who failed to improve their skills. So it’s the prime responsibility of the Federal and the local ...Download file to see next pagesRead More
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