competition among companies , technology progress and worker prepare a play on what has been said about these process on this chapter an perform it in class
plz tell me answer I am you provide 50 star and mark brainlist
Answers
Answer:
flux, which is causing considerable anxiety—and with good reason. There is growing polarization of labor-market opportunities between high- and low-skill jobs, unemployment and underemployment especially among young people, stagnating incomes for a large proportion of households, and income inequality. Migration and its effects on jobs has become a sensitive political issue in many advanced economies. And from Mumbai to Manchester, public debate rages about the future of work and whether there will be enough jobs to gainfully employ everyone.
Play Video
Video
What will automation change?
Experts in academia and industry discuss the digital future of work with McKinsey partners, in the first video of this four-part series.
The development of automation enabled by technologies including robotics and artificial intelligence brings the promise of higher productivity (and with productivity, economic growth), increased efficiencies, safety, and convenience. But these technologies also raise difficult questions about the broader impact of automation on jobs, skills, wages, and the nature of work itself.
Many activities that workers carry out today have the potential to be automated. At the same time, job-matching sites such as LinkedIn and Monster are changing and expanding the way individuals look for work and companies identify and recruit talent. Independent workers are increasingly choosing to offer their services on digital platforms including Upwork, Uber, and Etsy and, in the process, challenging conventional ideas about how and where work is undertaken.
For policy makers, business leaders, and workers themselves, these shifts create considerable uncertainty, alongside the potential benefits. This briefing note aims to provide a fact base on the multiple trends and forces buffeting the world of work drawing on recent research by the McKinsey Global Institute and others.
Explanation:
In the next two chapters, the committee turns its focus to the interactions between technology and the economy. An overarching theme emerges: economic and societal changes occasioned by technological developments are shaped, not just by the availability of new technologies and their features, but also by ideologies, power structures, and human aspirations and agendas. Technologies are not exogenous forces that roll over societies like tsunamis with predetermined results. Rather, our skills, organizations, institutions, and values shape how we develop technologies and how we deploy them once created, along with their final impact.1
For the impact of available skills and markets on the direction of technological changes, see D. Acemoglu, 1998, Why do new technologies complement skills? Directed technical change and wage inequality, Quarterly Journal of Economics 113(4):1055-1090; D. Acemoglu and P. Restrepo, 2016, “The Race Between Machine and Man: Implications of Technology for Growth, Factor Shares and Employment,” No. w22252, National Bureau of Economic Research, Cambridge, Mass.; E. Brynjolfsson and A. McAfee, 2014, The Second Machine Age: Work Progress, and Prosperity in a Time of Brilliant Technologies, W.W. Norton, New York.
For the importance of complementarities in organizations, see E. Brynjolfsson and P. Milgrom, 2013, “Complementarity in organizations” in The Handbook for Organization Economics (R. Gibbons and J. Roberts, eds.), Princeton University Press. On how scarcity might spur innovation, see E. Boserup, 1981, Population and Technological Change: A Study of Long-Term Trends, University of Chicago Press, Chicago, Ill. For the impact of workplace organizations on technology, see E. Brynjolfsson and L. Hitt, 2000, Beyond computation: Information technology, organizational transformation and business performance, Journal of Economic Perspectives 14(4):23-48, and L. Hitt, S. Yang, and E. Brynjolfsson, 2002, Intangible assets
I hope this answer is helpful for you