THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Jobs were often difficult to find because of advancements in technology.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Technology facilitates automation of routine tasks, creating fewer and less motivating middle-skill jobs. Conversely, it complements social and innovation tasks, creating more interesting low-and high-skill jobs. This causes polarization, “hollowing out” demand for middle-skill workers and increasing wage inequality.
Detailed explanation-2: -Technology improves the productivity and reduces the burden on workers. It also helps to reduce the time of work. Due to increase in technology, demand for technically skilled youth is increasing and hence more jobs available for educated youth. This can solve the problem of educated unemployment to some extent.
There is 1 question to complete.