Technology has changed drastically over the last few years. Computers have changed the world in more ways than people ever imagined 30 years ago. The trends are expected to continue for the foreseeable future.
Despite the many benefits personal computers have created, they have also caused some drawbacks. One of the biggest concerns is that they are making many jobs obsolete. Some experts warn that faster computers could drive many people out of the workforce. Some people even predict that they could create a “jobless society.”
James Bessen of the Washington Post believes that fears of a jobless society are seriously overblown. He said that there is no evidence to support the argument that there will be massive job losses anytime soon. However, Bessen and many other experts have pointed out that technology has caused some job loss.
Technological evolution used to be a driver of employment growth. However, that hasn’t been the case during the digital revolution. As Bessen points out, technology only creates new jobs when it appeals to an unmet consumer demand. Advances in technology have created demand for new products. Currently about 91% of the people in the United States own a smartphone. However, it doesn’t take a considerable amount of labor to create those devices.
While new technology has created some jobs for companies such as West County Computers, it has also made others obsolete. They have less of a need for both white and blue collar positions.
That is the status quo. Many people look at the current job market and feel that computers have wreaked havoc on job creation. They point out that there are still about 11 million unemployed people in the United States. The economy is still creating new jobs at a sluggish pace.
However, Bessen states that technology will eventually create a positive impact on the job market. He said that many people will need to be hired to continue to fuel the technological revolution.
Is the current technology driven jobs market temporary or a permanent condition? Some experts could argue that Bessen is being unrealistically optimistic.
David Rotman said that it is clear that computers are destroying jobs. He is clearly implying that it is a long-term trend. He said that jobs have been disappearing for over 15 years and there is no evidence that trend will reverse anytime soon.
I personally am more likely to agree with Bessen. Computers have changed the world in a number of ways, but mostly for the better. They are making some industries more cost-efficient, which allows them to expand more quickly. Over time, I expect that the industry will continue to grow and thrive. What do you think?