assume the productivity of workers increases as a result of improvement in technology. what will happen to each of the following in the short run?

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30-11-2022
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assume the productivity of workers increases as a result of improvement in technology. what will happen to each of the following in the short run?

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Tutorconsortium255 Tutorconsortium255 · Answer 1 · 2022-12-01T19:02:54+01:00

The way we work is changing as a result of technological advancements, which are creating more demand for some jobs while simultaneously displacing others.

Making sure that technology's impact on the workplace benefits everyone.

Jobs that aren't growing quickly are still seeing rapid technological adoption, which necessitates the acquisition of new skills by those who work in those fields.

Productivity improvements could also accompany these changes, producing high-paying, high-quality employment for those in a position to benefit from the expansion of these good jobs. However, there is also a chance that individuals, particularly those without advanced degrees, will lose jobs paying middle-class wages and be prevented from obtaining better jobs.

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