Technology will eliminate the need for human employees, and the unemployment rate will increase.
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The statement is true.
Technology is slowly eliminating the need for human employees.
The unemployment situation not only in the developing countries but more so in the developed nations is alarming.
In the USA, unemployment has become the key reason for youth dissatisfaction.
With the advancement in technology, more and more people are becoming jobless.
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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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