THE EFFECTS OF TECHNOLOGY ON EMPLOYMENT (WHAT THE FUTURE HOLDS)
(Ebenezer Agbozo)

The VIII International Scientific and Practical Conference, North Charleston, USA Held on: 2016-03-10
Authors: Agbozo E., Masih A., Turygina V.F, Ranuk S.V.
ABSTRACT

 Since the dawn of the industrial age, a recurrent fear has been that technological change will spawn mass unemployment. Many people in society feel threatened by the fact that technological advancement would be the cause of unemployment in the near future. Many executives of corporations are introducing high-end technologies in all sectors of their business processes in
order to improve efficiency which would lead to higher productivity and also a high return on investment.
We live in a technologically advancing age and technology is one of the key drivers of long-term economic growth. Advancements in information technology, robotics, and other promising technologies emerging out of the science offer the promise of increased productivity and therefore economic growth in the years to come. But whiles technology has come to make life easier and is improving production and efficiency in organizations, it has begun to create problems for employees and has become a threat to job security.


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