Question

what is jobless growth? upto what extend it is meaningful?​

Answer 1

Jobless growth refers to the rapid growth of the economy of the country due to the presence and usage of innovative technology that speeds up the process, implying that employment plays no role whatsoever in it. The level of output in the country starts rising not owing to manpower, but due to the use of technology.

Why does this happen? It is mostly because of the existence of multinational companies. Such companies are more dependent on the usage of technology to boost their businesses and achieve economic growth. This lets out a major threat to employment opportunities in the country and can increase the rate of unemployment in the country since manpower plays no role in such types of economic growth.