We have all witnessed how technology has helped generations to better their lives in terms of comfort and progress. Starting from fire for cooking to spacecrafts for determining the universal activities; human lives have undergone a lot of transformation only due to the change and development in technology. No doubt, it has offered humans with the luxury and sophistication which were unbelievable centuries before. But just like everything has it pros and cons, even technology has, to some extent, played a role in creating imbalance in the society. And one factor among them is that now it is destroying more jobs than it is creating.
In the last couple of decades, technology has enhanced the internet, other automated machines/software and has as well increased the productivity of GDP but along with this growth, it is also responsible for bringing an end to many middle-class jobs and work responsibilities. It is noteworthy that 3D printings, robots and other urbane machineries are accelerating the pace of technological unemployment across all major nations, specifically the developed ones.
The twenty first century is the witness to that phase of technology which is being evolved at a rate, much faster as compared to any other progression. Further, this is replacing human labor with machine labor at an alarming speed. Seeing to this, some experts have come to an conclusion that in the next one-two decades, around 50% of present jobs in the United States will be completely computerized, if labor efficient machines continue to grow like this – meaning more crisis for work.
For effective business, new machines are incorporated across major organizations so that repetitive manual work can be lessened. But we have failed to comprehend that, in this process employers are not only simply eliminating employees previously responsible for such task but are also not coming up with any solutions to rehire them for other duties. Eventually, productivity is increasing but with a decrease of scope for further employment. This is not the sole story in industries. Even in service sectors, nowadays robots are being engaged to carry out entertainment and catering activities.
Let us also take the example of the agriculture industry. In the last one century, workforce engaged in this field dropped from 45% to 5% while production had tripled and farmers were subsidized. Modern equipment have not only affected the planters and cultivators directly but had also killed the income sources of other related professions like that of a blacksmith, bean counter etc. These category of workers are the most badly hit ones as they can no longer depend on the fields nor on industries.
Likewise, in call centers, which used to be a lucrative job offer in the 1900s, is no longer looked upon now. This is so because a number of voice recognizing refined software are replacing the customer professionals. And soon a day will come when the complete BPO and KPO centers will be substituted with these innovative software and the tools required to install them.
The effects of development in technology is not only limited till here. Even sectors like education, healthcare and transportation are being equally affected. Already there are so many online courses that have been introduced to students that after few years, it seems there will be no requirement for professors and teachers. Talking about transportation, experts are working on to make it possible for driverless cars to permanently ply on roads – making driver’s job obsolete.
Thus, it can be concluded that technological innovation, though capital and skill intensive, allowing organizations and various sectors to progress effectively with low investment, it is also at the same time labor saving which is having a negative effect on employment and income source.