Unemployment has been one of the most discussed effects of technology cutting across so many sectors from education to financial to health and various businesses. The ease at which technology has helped in the development of businesses through computerization has paved the way for an undoubted unemployment. Yet, there is a need to think expansively on how it has in the process created a well of opportunity. The question to ask here is, has employment actually unemployed you or are you under skilled to take advantage of the multiple doors that have been kept open in the process?.
Aside from perceived unemployment, technology has displaced jobs in some sectors and created new opportunities in others. Automation and technological advancements have indeed replaced certain manual jobs, leading to unemployment in those specific fields. In this process, technology has also opened doors to new industries with new job roles enhancing productivity in various sectors.
The replacement effect
Unemployment has been created through technology by replacing human workers. Here machines have proven to be more efficient especially with the use of effective softwares which can get multiple jobs done within the twinkle of an eye. When looking at how banking apps have reduced the need for cashiers for transaction but built in bots to even communicate and solve immediate problems, there is a need to for a human replan if one really needs to fit into the current system.
The reinstatement effect
When looking at how new technologies are creating opportunities. Just take a look at the financial markets, there have been so many independent investors making good returns on investment. The cryptoverse and web3 have also paved the way for developers and varieties of products and services to independently thrive in the global market. Looking at another angle, these machines need repairs and maintenance which has created another opportunity for the prepared to leverage upon. With the increase of users online, writing, blogging, Vlogging and podcasting have been a few of the various ways to navigate through an assumed yet a productive market.
The real income effect
Technology has helped boost the income level of individuals and organizations through cost cutting. With new technologies speeding up the rate of production, it in the process reduces the rate of production cost. This reduced production cost leads to fair pricing triggering a high demand from consumers which promotes high sales. The high sales help to boost employee income as a lucrative revenue is generated in the process.
The Key is adaptability
Drowning in complaints in an evolving world isn't going to solve your financial problems. Doors open immediately one is closed. Your inability to spot opportunity may be why you keep believing you have been unemployed or underemployed by technology. The rising rates at which smart individuals are taking advantage of technology to become their own boss is a positive indication of technology. All that is needed is a flexible labor market, through this, workers can adjust to the changing demand for skills and occupations, and find new jobs that match their abilities and preferences. Yes, new skills must be learnt to stay abreast.
Don't blame technology, blame your ignorance
What more do you expect from a rigid labor market where workers are being barriered through their information, awareness, education and the needed training. Some of us are not ready for change, just sticking to the old ways. Truth be told, change is inevitable and there is a need to blend to economic trends. New technology will continue to emerge and shrink the manual market, yet opportunities will be open to those who refuse to stay ignorant in a continuously evolving world.
Seek Innovation
Some people remain stuck in a process because they don't value innovation. Be open to people, seek to explore new grounds. Dropping your normal 8am to 5pm job can link you up with an opportunity far more lucrative than you could imagine. Many value job security rather than exploration. I must say it's a timid act that hunts back when the job in the end proves not to be secure enough. I have been a beneficiary of innovation seeking. Always believing there is a hidden treasure to be uncovered and yes it did pay off. One of the new skills I learned is writing thanks to technology creating platforms to make this service lucrative. While others fear they may be sacked by technology, I have in the process rejoice with its introduction which opens multiple doors.
Next time you wish to cast your lots of blame, think expansively as to how you could leverage technology for your financial breakthrough. As I earlier said, you can't stop advancement but rather you can take good advantage of it. It may be that technology has not unemployed you but rather it is you who is unwilling to employ technology.
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