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Automation, productivity, and job loss

2014-3-5 21:59| view publisher: amanda| views: 1002| wiki(57883.com) 0 : 0

description: There is another way in which the Information Age has impacted the workforce: automation and computerization have resulted in higher productivity coupled with net job loss. In the United States for ex ...
There is another way in which the Information Age has impacted the workforce: automation and computerization have resulted in higher productivity coupled with net job loss. In the United States for example, from January 1972 to August 2010, the number of people employed in manufacturing jobs fell from 17,500,001 to 11,500,000 while manufacturing value rose 270%.[8]
It initially appeared that job loss in the industrial sector might be partially offset by the rapid growth of jobs in the IT sector. However after the recession of March 2001, the number of jobs in the IT sector dropped sharply and continued to drop until 2003.[9] Even the IT sector is not immune to this problem. As such, modern society still has to solve this social problem.

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