Technology and Employment: Do Future Employers Need Humans?
We’re in midst of a technological and scientific revolution. Technology is driving rapid changes in different spheres, including the workplace, our jobs, and different industries. In this changing technical landscape, will the future employers need human employees, or will robots finally take over our jobs?
Despite the Luddite predictions of impending doom with AI taking over our jobs and lives, the impressive advances in technology has had no significant apocalyptic effect on our lives. However, over time, the introduction of new technologies has in many ways impacted employment and reshaped the labour market significantly.
While technology may have spawned the growth of entirely new careers, it has also led to technological unemployment. This means that the advancements in technology has rendered many occupations obsolete and led to the displacement of many workers, particularly in low-skill jobs. Today, millions of workers have been permanently eliminated from the economic process, and whole work categories and job assignments have shrunk, been restructured, or disappeared.