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Technology in the workplace conclusion
Technology in the workplace conclusion
Disadvantages of technology in the workplace
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Global Perspective
Why I chose this topic?
I chose Employment because to me employment is very important and every person who is able to work should probably get access to employment in order to have a better life.
Employment can be defined as connection between the employee and employer in order to negotiate so that both sides can get benefited from it.
Employment levels differ due to differences in education. The greater the knowledge, the higher is the chance of becoming someone successful and efficient on that particular job. But to get there, people need to have access to education, and study a lot. And later on they will definitely receive money, normally in form of salary or wages, to reward the effort he/she took. One important factor in this case is time, with time and patience everything is achieved.
Global Perspectives
Importance
Not everything in the world is free, including education, which
In my case I wouldn’t care about how much I would be receiving, it would be enough if the kind of job pleases me enough to stay. As long as you like your job, it will automatically stop being called or looked like a job and it will become part of your life.
Possible Scenarios
Consequences of unemployment
If there is any introduction of technology, the country and companies will be affected; most of people may be replaced by machinery which will still be an increase on unemployment; however this can help because if an employer is not satisfied with the employee performance, so letting machines to do the work will help on making tasks more accurate and productive. People will need to be trained however as they will no longer be required because of what machineries can do so there will be less possibilities to be employed, causing an increase in unemployment.
Possible courses of action
Solution to
This paper is briefing of book called “Race against the Machine” written by Erik Brynjolfsson and Andrew McAfee. This paper focuses on the impact of technology on the current employment issues. Three explanations of current economic issues that is cyclical, stagnantion and “end of work” is provided (Brynjolfsson & McAfee, 2011). Then the idea of excessive progress in technology making man jobless is presented and to support it various arguments are put forward. Secondly the idea of technology development causing division of labor into high skilled, low skilled, capital, labor, superstars and ordinary labors is presented and explained in detail. Finally remedies for solving these issues are presented and explained. Major takeaways of this paper are mismatch between the productivity and job creation, interlink between Technology improvement and division of labor and importance of education in building stable skilled labors and in the developing a stable society. (Brynjolfsson & McAfee, 2011)
In conclusion the having a low-paying job and freedom won’t get you anything luxuries and won’t guarantee a higher quality life experience outside of work. Whereas the High-paying job and 60-hour workweek you’re garneted financial security which brings peace of mind and luxuries to your life. In the future you’re able to move up though the job and secure a future for not only yourself but your loved ones to. Therefore taking the High-paying 60-hour workweek job is the best choice in every case.
As technology advances jobs, and the employment rate decrease due to the use of computerized equipment. Computers are now able to complete task that otherwise would be done by employers. An example would be the shutdown of a corporation know as Toys R Us. Toys R Us filed for bankruptcy. Toys R Us will be open for the holiday season, but as soon as the holiday season is over, they will be shutting down. This will affect millions, the current employees who depend on their income, will be struggle for awhile. So basically people are losing jobs, which means they are losing their income. Toys R Us also said that in the future they would like to reopen smaller stores, as part of their long term plan. (Verdon, Joan. “Toys R Us Store Closings Expected after the Holiday
First, Structural unemployment occurs when the entire makeup of an economic system experiences fundamental problems such as uneven labor distribution across industries and a lack of skilled workers to fill these positions. Structural unemployment is not caused by changes in supply and demand as the other major types of unemployment. Instead, this kind of unemployment happens because of significant changes in the use of new technologies such as robotics and a.i. Advancements can create
...e new technology, those same workers have a skill deficiency and can no longer work (Allick et al. 2000).
Shah, Vivek, and Kamlesh T. Mehta. "Workforce, Information Technology and Global Unemployment." Industrial Management + Data Systems 98.5 (1998): 226-31. ProQuest. PROQUESTMS. 3 Mar. 2014
It is a competitive job market and if one wants a high paying job he needs some college credentials. College is also said to prepare people to take on the world. Once one has graduated and has a well paying job he is on his way to becoming successful. People work their whole lives making money so they can satisfy their desires. The idea of being able to purchase the items one has always dreamt about is an achievement. People dream about owning a home and having beautiful things to fill it with. Many people take pride in what they possess. People want to own nice homes, nice cars, and nice clothes. Some need to look successful in order to feel successful. These people feel successful when they can admire what their hard work has given them.
Globalization of human capital is where, human resources are sook after by companies from all over the world. Due to the increased demand for skills at a lower cost, companies will tend to look for employees to work in their premises from all over the world (Webforum, 2015). In this regard, since companies are extending their operations the entire world over, human capital globalization is inevitable since they will need to work with people from these countries for them to successfully exploit global markets.
Digital revolution is exponentially accelerating the productivity of various outcomes in the society and also transforming the employment and economy of the world. In recent times, innovation in technology is inadvertently becoming the cause for chronic unemployment which in turn is drastically affecting the median household income. This book discusses such trends and outcomes in general and offers solutions to the problems faced by present and future generation of workers. Erik Brynjolfsson and Andrew McAfee have discussed effects of machines on wealth distribution, economy and employment in a crisp, strong and insightful way.
Employment relations refer to the relationship between the employer and the employee. Employment relations are governed by the provisions of the employment contract and/or collective agreement where applicable, common law principles and legislative provisions governing specific situations. Many factors in the external environment have an effect on the employment relations within an organization, which they need to monitor and possibly adapt to the necessary changes. The external environmental factors that would influence employment relations are political, economic, social, technological, legal and environmental.
Government policy environment – a desire to reduce unemployment and make the economy attractive to inward investment as a source of employment and long-term growth
A typical relationship between an employee and an employer exists on the acknowledgment of who is in charge; an employee must accept the employer as an authority. A worker should address the employer with a certain amount of respect and professionalism. An employer should have control of their employees and make it clear that they are the boss.
This leads to the idea that automation has divided human workers and creates unemployment. David Ricardo was economic politist who fought against the problem of automation. Ricardo believed technology would change living standards and concluded that machines might one day make goods so cheaply that there would not be any competition between factories if they paid laborer a living income (Brown, 2012, p. 134). Employers believe this to be false saying there is little effect if any due to the cause of automation. With the rise of automation, it was in matter of time that the unemployment rate would increase. Even with the massive rise of automation, the United States and economy kept making jobs. Positions were gone, but new technologies created other jobs. Employers say are positioned in different title within the same company or in the same position at another company that has not automated (Funk & Wagnalls New World Encyclopedia, 2017, p. 1). There is several reports and forums that say as time goes, more jobs will be lost and than more jobs will be created from automation. “The World Economic Forum released a report in January 2016 claiming that we will lose a net 5 million jobs by 2020. This is an estimation based on a subtraction of 7 million jobs but an
Unemployment issue can lead to a lot of impacts to the economic growth. Higher unemployment rate will lead to increase government borrowing. When people are without their job, they would paid less in the income tax. So, it will cause a drop in tax revenue because there are lesser people paying income tax and spending less. Due to the loss of earnings to the unemployed, the government need to spend more subsidy for them in housing benefits and income support.
Historically though, the impact of technology has been to increase productivity in specific areas and in the long-term, “release” workers thereby, creating opportunities for work expansion in other areas (Mokyr 1990, p.34). The early 19th Century was marked by a rapid increase in employment on this basis: machinery transformed many workers from craftsmen to machine minders and although numbers fell relative to output – work was replaced by employment in factories (Stewart 1996, p.13).