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Impact of technological advancement on society
Impact of technological advancement on society
The impact of technology on the workplace
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Introduction
Recently there has been a shift of long lasting and full-time employment in large and basic manufacturing enterprises to nonstandard and short time work in the firms and service sector. Technological changes have fostered much of this transition because most enterprises adopt such advances in technology so as to get a competitive advantage in the market. The effects of technological are somehow highly beneficial to workers, but it also brings job dislocation and trauma in other settings of organizations. The relations of labor occur inevitably at crossroads of all social and economic pressure for example privatization and deregulation of some industries (Bosworth, 2013).
The project seeks to analyze how the change in technology is affecting the labor relations in the employment industry. The important topic has been
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The recent studies have mostly found that change in technology has supported the requirement of new work practices and has raised a demand for skills through ambiguities between findings at the establishment level and the national level, has lead to two paradoxes. First is the mystery concerning productivity, in that, the technological impact on productivity is much high at the degree of establishment or firm level than it is at a national level (Bosworth, 2013).
Second is the inequality paradox whereby technological advances increases workers wages greatly at the national level than at the degree of establishment. In order to explain these inconsistencies, technology and productivity should well defined and measured in future, so as to estimate and conceptualize the relationship between technological change, wages and skills; and also include a study of the impact of technological advances on firm’s employment systems and the human resource
This article stated that, according to a study conducted by the United Way and Organization for Economic Cooperation and Development (OECD), approximately 40% of young workers in Ontario are in jobs classified as part-time, temporary or self-employed. The same study also found that less than half of part-time/temporary workers were able to transition into full-time higher-wage work and, perhaps most importantly, the percentage of those able to transition will likely decline over the next decade. Clearly, the growth of part-time and temporary jobs has been growing on an upward trend over the past decade and appears to have become part of business as usual. A study conducted in 2015 by the United Way and the Law Commission of Ontario (LCO) states that approximately 22% of part-time/temporary work in the past year can be characterized as precarious work, i.e. work with poor or no benefits and job security. The growth in precarious employment is due to many factors including Globalization, improved technology, changes to business models, and the economic shift from manufacturing to the service sector. These shifts have essentially formed a new economy that has a high demand for fluidity and flexibility in the common workplace, and has low a demand for the old fashioned “Standard” model of the workplace (largely full-time employees with a full suite of
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)
Even though technology is seen to be a great advancement in history, it is also seen as a two sided sword; either way it could be bad. In the article “Is Your Job an Endangered Species?” Andy Kessler persuades his audience into believing with the advancement of technology, it could continue to take over thousands of jobs as the days go by. Kessler writes this article describing two types of workers that make up the economy today. Kessler mentions that if an economy keeps good skills nearby and stays open minded it will be useful as technology continues to bloom. Kessler is open to believing that new skills will help with job security in the future; however, Paul Krugman disagrees. Paul Krugman is the author of “Degrees and Dollars.” The author reaches out to his readers by making them aware of the world today and he also includes what the president had to say about job stability. Krugman’s drive to write this article is very clear. His drive is to make his readers understand that jobs are not a guarantee, just because of a college degree. Kessler try’s to make his audience aware that technology advancements are harming high educated jobs. While these two writings are different, there are points where they agree, such as technology is rapidly replacing jobs, jobs that use the mind are the key to success, and society will stand strong.
Similar to Craft (2004b), Craft (2004a) uses a similar method to explore the effects the steam engine had on labor productivity growth. The difference between these two pieces is that Craft (2004a) studies the short-term effects that the steam engine had on productivity growth since he focuses only during the Industrial Revolution. However, both pieces explore the steam engines impact on growth by focusing on the contribution to growth of productivity. Craft (2004a) analogous to Craft (2004b) uses an embodied innovation growth accounting context (p.525). Craft (2004a) explains that technology contributes to growth in two ways. Technology can first contribute to growth by increasing the productivity by the fact that new technology is more beneficial
The main themes addressed in this article are the generational changes within the workforce, the advancements in the economy that are affecting the workplaces and the changes in the work ethic of employees.
The structural-functional analysis of jobs in the U.S. is governed by the workforce stratification and technology. The more educated and diverse a society is the better society’s job market is served. This social economic separation of class has been both good and bad for society. Many workers at the lower levels of employment are both pleased and displeased with many aspects of work. Though this fact also holds true with most any job at any level, pay scale often compensates for endurance of a particular job type. The security of a person’s job also is an issue that in today’s economic times forces one to be prepared for change. This is to say that even if one’s field of expertise is needed today it may not be tomorrow. This type of ever-changing job market leads many to believe that another socio-economic change may occur at any time. This change was apparent with the transition into the industrial age and again in the information age. These concerns caused stress, various health issues, a...
In a contemporary society the role of technology within an organisation is becoming increasingly greater and therefore the technology that is present, ensuring it is reliable and the employees know how to operate it has a huge influence. This role that technology plays in shaping the workplace is only something that is going to become increasingly greater and a concept that businesses have to profoundly
Technology has significantly changed our lives over the last couple centuries. From the industrial revolution to the digital revolution, it has affected not only the way we work and create things, but also the way we interact with information and even with each other. However, just like with the industrial revolution, some argue that today’s the rapidly evolving technology is replacing labor instead of complementing it and contributing, if not instigating, the wide disparity in income and the stagnant lower and middle-class wages observed in developed economies. In **Technology and Inequality**, **Teach Leaps, Job Losses and Rising Inequality**, **Technology didn’t kill the middle class jobs, public policy did**, and **The Onrushing Wave**, authors David Rotman, Eduardo Porter, Dean Baker, and an unnoted author
Employment relationships at its basic level revolves around economics, this is highlighted by the neoclassical economics which provides a theoretical approach on how employment relations take a form of economic transactions the world over. This is because individual laborers and firms are keen on maximizing utility and profits respectively from scarce resources based on market determined prices which are beyond their control. For example the employees are often seeking work using their individual skills at a price offered by the firms. After which, they can enjoy utility of that wage through consumption; whereas, the capitalists or firms seek to maximize their profits by producing goods and services from the employees which is covered by wages. In this arena of globalization, the case of competition is prevalent in the market environment and therefore firms seek to maximize outputs at a lower wage rate leading to pressure on the employment relationship (Dibben & Will...
For many centuries, technology has encouraged growth: through increases in inequality and the market labor. Economists say that structural unemployment “occurs because workers don’t have the particular skills demanded by employers.” (Structural Unemployment: The Economists Just Don 't Get It. (2010, August 4))
New technology allows businesses or companies to learn new ways to manage and communicate. The work place is going to have to be creative and come up with new ways to keep workers interested. The work place is going to have to keep workers interested since new technology is allowing business or companies to have workers all over the world. Workers are going to feel they eill not have a long term, secure
. High technology is let citizen unaccustomed. Now many company use technology substitute manual job. Human behavior is they feeling they work is difficulty ...
However, despite the long-term economic growth, technological progress is very important, and even if we...
The occupational and work environment has transformed for many centuries, changes have occurred drastically as years went by. In today’s modern days the occupations that many employees occupy and the modern working practice and technologies have been enforced and implemented because they have a significant way or capacity in moulding and shaping the nature of work and its effect on individual’s behaviour. It is quite evident that the nature of work in today’s modern days has evolved through centuries and has advanced to much greater heights, such as today’s modern technologies
Nowadays work became one of the defining characteristics of a person. Work might influence one’s perception of the world, health, social ties, and emotional state (Vallas, Finlay and Wharton 2009: 5-7). As a result, work is not only a means through which a person earns income, but also a mechanism of bringing a person into society. There are virtually thousand types of work such as teachers, plumbers, cashiers, scholars, engineers, doctors, astronauts, poets, janitors and so on, each of which has its specific duties and tasks which provide a value to society. This variation in work leads to complexity of organizing labor. Hence, when entering job market one signs a contract that outlines both employee and employer duties, which covers formal side of work (ibid., 104). Nevertheless, in reality the way work should be done and the actual way of how work is done can differ significantly. This means that there exists hidden world of work. Hidden world of work can be understood as the one which is not seen to public, where workers come to agreement both among themselves and with employers (ibid.). Blue – collar occupation, which is characterized by an hourly payment to physical labor, can be an example of work that incorporates both formal and informal work practices (Gibson and Papa 2000: 68). This paper will analyze the importance of informal work practices at blue – collar occupations and identify the effect of informal work practices on the production process.