The world has radically felt the impact of skyrocketing technology, which does not seem to halt soon particularly in employment marched since 20thcentury up to date. For ages, technologies have been known for altering lives for the better and making the work process simpler for individuals, however, this definition has recently changed. This paper will examine the effects of technology both positive and negative making main considerations on changes in labor, workers’ inability to adapt to the changes in technology, and the drastic speed of technological changes that the people are unable to keep track of. On the other hand, technology has positively created skilled jobs, has advanced communication, and has improved accuracy and performance.
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Changes in labor due to technological advancements have resulted in the loss of employment, to both skilled and unskilled workforce. Notably, the machines that everyone is aware of are taking jobs in all sectors that could be given to individuals. For example, “the Artificial Intelligence takes care of the insurance claims and does official research, manages portfolios investment as well as performing basic task of the Human Resource” (Falk, 282). Thus, human labor is deprived of any chance against these machines, only leaving the task for those employers with spectacular capabilities and the robots’ owners to thrive. Generally, these results in mass unemployment, with workers’ positions being taken by robots.
Regardless of the changes in labor, advancement in technology has resulted in the organizations have employed labor on fixed term contracts. The organizations are, in effect, achieving flexibility by adjusting the nature and size of their workforce being unable to adapt to the changes that come with technology. For example, recently, “the internet-demand-enabled on the economy is a new change”, with its possible impact yet to be proven (Bonanno, 400). The main issue with the new economy that is subjective to technology is that the management roles. IS execution involves evaluation of workforce is supposed to monitor the trend of the economy by ensuring that legal statistics and other forms of data are available for comparison anytime they are required(Bonanno, 470). Undeniably, this is a difficult task because in any case, a human being cannot work at the same speed as a machine. Thus, if the individuals are not able to adapt to these changes then an equal chance exists for them to lose their job since unemployment and technology are two sides of a similar path.
Additionally, the speed of technological development is very fast which makes the employees unable to keep the pace of it. In fact, “every new day is awake to new technology” (Falk, 350). These new technologies come with different development, instructions, and manuals from what was there previously (Falk, 362). This leaves the workers unable to learn the new changes and keep track of every new development since the human mind cannot be programmed similarly as a machine. Unfortunately, those unable to mark every change with everyday technological advancement find themselves jobless because the present world, especially the employment sector works with individuals ready to learn and practice the new technological changes.
However, despite the technological advancement bringing negative impacts due to unemployment, it has resulted in employment opportunities through the creation of skilled jobs. This is something the skilled labor must be happy about because, through the technological advancements, more jobs are created making the skilled labor overcome the fear of competition on the available jobs. For instance, according to a study conducted on more than 1,000 companies, the results showed that Artificial Intelligence developed fresh jobs in around 80 percent of the firms they were created in. Accordingly, a Granet 2017 report predicted that “Artificial Intelligence will develop more than 500,000 new jobs compared to how it will displace existing workers in the coming three years” (Boone 589). Overall, this job creation will usher several job opportunities for high and medium-skilled workers.
Furthermore, as a result of the new technological advancement, communication among the staff and the managers have been made easy. This is because fax and telephone have been currently replaced by laptops and tablets for purposes of communication in the workplace (Falk, 456). Thus, Risk Manager, Integrated Projected Team, the risk owners and other key stakeholders. Furthermore, there is an efficient communication has been made a one-minute activity, saving time, and ensuring that responses and actions are taken immediately when needed. Thus, the people inventing the laptops, tablets, and websites for easy funds to achieve their proposal ideas. The campaign has determined the communication have been employed.
Finally, technological advancements have led to improved accuracy and performance by making all the work computerized, which reduces the error and risk as it improves performance. Markedly, the earlier long and tedious procedures that were manual no longer exist. These procedures were prone to many errors, which today is a thing of the past (Boone, 876). Through technological advancement machines for checking on accuracy and improving performance have been put in place. These create new employment for the person making the machines and those operating them hence developing the entire employment sector.
Succinctly, technological advancements in the employment sector have many impacts both positive and negative such as the drastic changes to the workforce, the changes in labor, the creation of skilled labor, and improvement of performance and accuracy. A human being cannot stop technological advancements after the discussion about the positive and negative side in regards to unemployment; however, a suitable balance should be made between the two sides to avoid adverse effects on any side.
Boone, Jan. “Technological progress, downsizing, and unemployment.” The Economic Journal 110.465 (2000): 581-600.
Bonanno, Graziella. “ICT and R&D as inputs or efficiency determinants? Analyzing Italian manufacturing firms (2007–2009).” Eurasian Business Review 6.3 (2016): 383-404.
Falk, Martin. “Employment effects of technological and organizational innovations: evidence based on linked firm-level data for Austria.” Jahrbücher für Nationalökonomie und Statistik 235.3 (2015): 268-285.