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HomeHomework HelpeconomicsTechnological Innovation and Employment

Technological Innovation and Employment

Technological innovation and employment in biology refers to the development and application of new technologies that enhance biological research, healthcare, and environmental management, leading to the creation of new job opportunities and the transformation of existing roles within the biological sciences. This interplay influences workforce dynamics, skill requirements, and the overall impact of biological advancements on society.

intermediate
3 hours
Economics
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Overview

Technological innovation plays a crucial role in shaping the modern economy and job market. It introduces new technologies that can enhance productivity and efficiency, but it also poses challenges such as job displacement. As industries evolve, workers must adapt by acquiring new skills to remain c...

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Key Terms

Automation
The use of technology to perform tasks without human intervention.

Example: Robots in manufacturing lines automate assembly processes.

Job Displacement
The loss of jobs due to technological advancements.

Example: Factory workers losing jobs to automated machines.

Upskilling
The process of learning new skills to improve job performance.

Example: A worker learning coding to adapt to new software.

E-commerce
Buying and selling goods or services over the internet.

Example: Online shopping platforms like Amazon.

Remote Work
Working from a location outside of a traditional office environment.

Example: Employees using video conferencing tools to work from home.

Labor Market
The supply and demand for labor, where employees offer their skills to employers.

Example: The tech labor market is growing due to high demand for software developers.

Related Topics

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Future of Work
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Digital Transformation
Examines how businesses adapt to new technologies and their impact on employment.
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Key Concepts

automationjob displacementnew job creationskill development