Overview
The impact of technology on labor demand is significant and multifaceted. As technology advances, it reshapes the job market by automating tasks, which can lead to job displacement in certain sectors. However, it also creates new opportunities in emerging fields, requiring workers to adapt by acquir...
Key Terms
Example: Robots in manufacturing lines automate assembly processes.
Example: Factory workers losing jobs to automated machines.
Example: Increased demand for digital skills in various industries.
Example: Rideshare drivers working on a per-ride basis.
Example: Workers learning coding to transition from manufacturing jobs.
Example: Employees taking advanced courses in data analysis.
Related Topics
Key Concepts
AutomationJob DisplacementSkill ShiftEconomic Growth