4025790
Description
Mind Map by merelvgerven, updated more than 1 year ago
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Created by merelvgerven
over 8 years ago
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Computer technology &
employment growth
- Areas of
technological
change
- Financial services
- Clerical
- Medicine
- Retail
- Manufacturing
- Law
- Education
- Financial services
- Long term
impact of
technology
- According to history, no
long-term trend of
eliminating jobs for people
- Question? Are
computing technologies
different and so do
create a involuntary
long-term
unemployment?
- Question? Are
computing technologies
different and so do
create a involuntary
long-term
unemployment?
- Future: Dismal
prospects for many
types of jobs
- According to history, no
long-term trend of
eliminating jobs for people
- Short term
impact of
technology
- Consequences
- Elimination of
many types of jobs
- Rapid technological
change has been
destroying jobs faster than
creating them
- Rapid technological
change has been
destroying jobs faster than
creating them
- Reduce in
demand workers
- Median income fails
to rise even as GDP
soars
- Elimination of
many types of jobs
- Advantages
- Higher productivity
- Entering new
market more
quickly
- Entering new
market more
quickly
- Wealthier
society
- jobs are made
easier, safer,
faster & more
productive
- Higher productivity
- Consequences
- History in technology
and employment
growth
- "Just a shock; workers need to
adjust skills and entrepreneurs
create new opportunities based
on new technologies"
- Jobs rebound
- Jobs rebound
- No historical patterns show
shifts leading to a net
decrease in jobs
- "Just a shock; workers need to
adjust skills and entrepreneurs
create new opportunities based
on new technologies"
- NO ONE KNOWS; arguments
against technology being the
cause of unemployment
- Labor economists:
"Data far from
conclusive"
- "Are new technologies
responsible for the lack of
job growth"
- "Difficult to extricate the effects
from technology from other
macroeconomic effects"
- "Labor hours are a crucial
indication for growth and
wealth"
- Recent technological
change can be different
than anything seen
before
- "Are new technologies
responsible for the lack of
job growth"
- Watson: "Automization also used to
make human workers more efficient, not
to eliminate them"
- David Autor: "Sluggish growth in
employment are one big puzzle, but not
a lot of evidence is linked to computers"
- "Jobs can change a lot
without there being huge
changes in employment rates"
- "Jobs can change a lot
without there being huge
changes in employment rates"
- Leonard: "On the one hand
progress, on the other hand
same old problems. The big
challenge is uncertainty
- "People are still needed to deal
with changes in the environment
and reacting to unexpected
events"
- "People are still needed to deal
with changes in the environment
and reacting to unexpected
events"
- Labor economists:
"Data far from
conclusive"
- Current situation
according to
Brynjolfsson &
McAfee
- GAP: Economic growth
and productivity no
longer parallel to job
creation due to
technology
- PARADOX:
productivity at record
levels, innovation never
been faster, but falling
median income and
fewer jobs
- People are falling behind,
because technology rising too
fast and our skills and
organizations aren't keeping
up
- People are falling behind,
because technology rising too
fast and our skills and
organizations aren't keeping
up
- POLARIZATION of
the workforce and the
HOLLOWING OUT of
the middle class
- AUTONOMY ECONOMY
(internet, data): digital
processes talking to other
digital processes and
creating new ones
- ECONOMIC WINNER & LOSERS:
rapid acceleration of technological
progress has greatly widened the gap
between economic winners and losers
- Income inequalities
- Income inequalities
- GAP: Economic growth
and productivity no
longer parallel to job
creation due to
technology
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