Technology will eliminate the need for human employees, and the unemployment rate will increase. write a speech on the following.
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a recurrent fear has been that technological change will spawn mass unemployment. Neoclassical economists predicted that this would not happen, because people would find other jobs, albeit possibly after a long period of painful adjustment. By and large, that prediction has proven to be correct.
Rasberry23:
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Unemployment is the condition of being jobless or actively searching for a job but not hired yet. Unemployment plays a major role in determining the economy of a country.
The growth in technology and the birth of artificial intelligence has been a boon to science. These technologies replace the human work processes which has the ability to falter while the machines cannot.
Technology unemployment is the case were the workers lose their jobs since their works are replaced by artificial intelligence or automated processes.
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