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Does Improvement In Technology Means More Unemployment

The 21st century has all been about innovations and technology. We have moved from 2G to 4G and 5G is already knocking at the doors. Earlier Nokia phones were used to be very heavy nowadays Samsung phones are touch phone and very lightweight. The music industry has also seen a lot of technical revolutions, like how to reduce background noise on mic there is a various option available nowadays. Kodak and Nokia company were at the forefront in their own business but now they are out of the competition and their name is nowhere in the list. They did not accept the technological changes at a faster pace due to which they perished.

The Drawbacks Of Technology

Automation, Artificial Intelligence, and similar technology are taking human jobs like never before. The business which was dependent on human labor, are now be gradually been replaced by machines or robots. If we take the manufacturing industry for example most of the work is done by using machines. For example, in banks, cashier work was to make money or give money. But now machines are available in the bank which can accept the money, which and give the money. Another machine is used to do printing of the passbook. Banks used to be filled with at least 10 to 15 employees, new age banks are filled with machines which can do all the work which a person could do. In the construction field lot of manual work has been replaced by machines. On the highway lot of people were employed to take collect toll nowadays FasTag is been used so money gets automatically deducted from that tag no need for that worker. Work hit is low-skill workers

Positive Side Of Technology

Some say new things coming into the market are not taking away jobs but creating new jobs skill set required here is very different. Redundancy in jobs is being replaced so there is more scope for creative work and concept. The study suggests that technology has created more jobs in the last 140 years than taking away jobs. During this pandemic time who would have thought that work from home could have been an option. All of this could have not been possible without the use of technological advancement. No need to get up early and rush to do all the morning routines to get ready for the office. The next thing was to battle out through the heavy traffic in the cities for which you had to start early from the office. Now you have just getup open your laptop and the office is present there just complete your work in the ambiance of your house. Taking care of your loving wife and your sweet children. Looks like a dream but that is true. Which could have not been possible without broadband.

Conclusion:

The time has come to upgrade or brush up on your skills so that we are ready to do the new age jobs handly. Those who will not move with the time will have to face the music later on the life. So be smart and accept the change.

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