The impact of new communication technology on unemployment and the ...

Seminar paper from the year 2018 in the subject Economics - Job market economics, grade: 1.2, , language: English, abstract: The paper will discuss the impact of new communication technology on unemployment and the increased gender inequality and women portrayal in the media.Currently, there is a renewed concern regarding the technological advancement that is feared that it may displace much of workforce and consequently create widespread unemployment, human hardship, and social disruption. Some economists have advanced the argument that government must act to avert the loss of jobs that are likely to be replaced by technology. Opposition to technology stems from a lack of understanding of the economic usefulness of technology. The contribution of technology to economic development can only be realized if the new technology is diffused and applied. Diffusion results from the individual’s decisions in exploitation of the new technology.