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An Increase in the Use of the Quality of Technology - Research Paper Example

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This paper “An Increase in the Use of the Quality of Technology” explores both sides of the argument. Technologies that paved the way for new kinds of work made certain jobs obsolete, thus overall increasing the productivity as well as prosperity without affecting the employment rate negatively…
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An Increase in the Use of the Quality of Technology
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An Increase in the Use of the Quality of Technology

Download file to see previous pages... The reduction in job opportunities caused by technology is short-lived while more benefits are gained over the passage of time.
It is correct that machines have replaced workers, but this has been seen ever since the cotton gin. Over the passage of time, use of technology has only caused the incomes to increase and has caused new kinds of job opportunities to surface. Farm equipment introduced in the 20th century caused many people to be unemployed, but nobody would want to destroy that equipment to put those unemployed people back on farms when they have found greater fortunes for themselves having traveled to the industrialized areas and cities.
Across short spans of time, the business cycle’s ups and downs have driven the ups and downs in the availability of job opportunities to people. According to a chart that draws comparison between the real output over the last decade in the US and the aggregate hours worked in the last decade by the nonsupervisory workers, with both variables being indexed to the levels of the year 2001, increases in productivity are real but the co-variance between the series is tremendous (“No, Technology Is”). The big rise followed by a fall and then another rise in the duration of the job done by people is caused by a similar rise, fall, and rise of the demand for services and goods. This essentially means that the demand of jobs is consistent with the demands of goods and services. Almost half of the labor force of the US in the 20th century was displaced by machinery in the agricultural sector (Suede), but the periods of high unemployment that were encountered in the 20th century were not caused by the advancement of technology.
An example of the way in which technology has filled the void of unemployment is the creation of new kinds of job opportunities by the Internet.  ...Download file to see next pagesRead More
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