Globally, unemployment has become one of the biggest concern. For example in Brunei, the level of unemployment rate has increased at an alarming rate, by which in 2011, the number of unemployment rose about 8,015 compared to 2001 (BruDirect, 2014). Therefore, this developed into a major concern as the total umemployment in Brunei has decreased drastically compared to other countries. It has been shown by Department of Economic Planning and Development (JPKE) that there were 14,461 local who were unemployed in the Brunei. This is mainly amongst the young. Why has it become an issue of unemployment mainly in the youngsters? Nevertheless, the government sees this as a major issue as the youngsters have a major role to the country for its development. …show more content…
Consequently, the use technologies like machines in offices, supermarkets, and industry has been replaced with human labor as the machines are much more faster and accurate in doing the job. (Hines & Searle, 1979). Such as computer, robot, machine, which replaces worker task with human being. The new advanced technology replaced the low skilled and unskilled workers in different factories. It cannot be denied that the machines do indeed create a better role than the human but because of this, it has developed into more unemployment. Moreover, the new technological advances have eliminate the complicated task; while at the same time require a workers to have higher level of skills. It is obvious that technology increases profitability of companies throughout the world. In conclusion, it can be seen that technological advancement are being replaced by human workforce and it has now develop into a major concern for the …show more content…
True, the private sectors can be blamed in giving more opportunities to the foreigners. For example, most of Brunei's main industry most importantly for exporting oil, mining, and natural gas are mostly employed by the foreigners. However, the public and private (PPP) programmers, have encouraged the people of locals to give the most priority and to not look down at the capabilities of locals skills and also to give equal attention and fairness to the foreigners. At the same time too, most of the locals especially the Malays have the tendency to have someone do their work for them while expecting to still be paid. In addition to that, the common stereotypes that the locals often come late to their workplace for no valid reasons, not doing much work in the office and playing with the phone and having useless conversations with their colleagues. Sometimes, they do not attend the workplace repeated times giving nonsense excuses. True, all of this not generalized to all of Bruneians but to those that do, they expect to be paid full every month. Therefore, these stereotypes allows the foreigners to be put on employment rather than the locals and this results in unemployment to the
Despite the development of new machineries, the demand for worker remained relatively high due to the growing numbers of cities. By ...
In the current economy, there is no surprise for anxiety over whether employees will lose their jobs or not. Due to an increase of research and use for automation and machine learning, more and more workers are starting to antagonize new technology. In the research paper ‘Where have all the jobs gone?’ by well-known journalist Daniel Akst, the automation anxiety is not completely false, but it only focuses on one side; “Unemployment has been concentrating among those with little education or skill, while employment has been rising most rapidly in occupations generally considered to be the most skilled and require the most amount of education” (Akst). The rise of automation will mean a depletion of lower skilled jobs, which will cause an increase in education requirements to encourage more people to take up college and further education due to the introduction of more computer based jobs. Automation in the manufacturing business will have a positive effect; products can come out efficiently, quickly, accurately, and with lower costs. The higher amount of products coming out, the more demand and consumers are required. The wages will
Richard J. Braxton is a Ph.D., Director, at Innovation Center –Index Shared Services. The aim of his article is to understand the problem of youth unemployment in the Gulf Cooperation Council region and how best the government can critically address this issue. He gave several options that can be clear solution to the problem. His emphasized that the GCC countries need to adopt effective training and development programs to provide the unemployed youth with the knowledge, skills, and abilities in order for them to compete for job vacancies.. The article also gave many facts elaborating more on the issue, so that his audience gets more interested and engaged in the topic. The articles outlines so many important steps to be considered by the government, and...
It is currently increasing in incidence at an alarming rate. Unemployment among young people is increasing predominantly as a result of youth receiving inadequate preparation for the job market and a largely ignored discrimination against youth in the job market. In order to minimize levels of youth unemployment, the education system and current workforce practices need to be analyzed and modified. The education system should be modified so that its degrees and more in line with jobs that are actually available and offer more job experience opportunities. The workforce practices should be modified so that discrimination against youth is minimized as much as possible. This can be achieved through invoking a higher rate of jobs awarded through meritocracy and reducing the amount of informal hiring. It is only after the integration of many of these concepts that youth unemployment levels will decrease. This will be a step towards a world with less inequality and unemployment, a step towards a better
Unemployment is a problem, which worries the majority of economists, social workers, and common citizens. It is obvious that there are not enough working places for all citizens willing to find work and take care of their family budget. It is a consequence of a careless regulation of the economic processes in the country. Unemployment is a widespread problem, and it touches on all the layers of society including people from different occupations. In addition, the new college graduates create one of the segments of the unemployed, which struggle to find work. However, it is hard to achieve this aim due to the diversity of problems and inappropriate environment existing in the business segment. The following discussion helps evaluate the diversity
The run of human kind for more efficiency, productivity and progress may have just about start to show its dark side. For decades the universal truth was that the better we will be in those categories, the more everyone will benefit. Well, it is turning out that it may not be entirely true. This paper aims to argue and reason why we should be worried about future of workplace, its mechanization to be more specific. It is based on the fact that World has technologically evolved and mechanized in the past decades and some jobs are inevitably gone. We do know that those jobs are not coming back, but what we do not know whether the economies will be able to maintain unemployment levels between 5 – 10% in the long-term under such conditions, taking into account the world population more than twice as large as 50 years ago. In the first part, this paper we will examine the beginning of this phenomenon and its roots and the consequences it had so far in the real world. In the end, based on facts collected and knowledge gathered, potential solutions, of this possibly next great structural shift in labor, will be presented.
This paper is briefing of book called “Race against the Machine” written by Erik Brynjolfsson and Andrew McAfee. This paper focuses on the impact of technology on the current employment issues. Three explanations of current economic issues that is cyclical, stagnantion and “end of work” is provided (Brynjolfsson & McAfee, 2011). Then the idea of excessive progress in technology making man jobless is presented and to support it various arguments are put forward. Secondly the idea of technology development causing division of labor into high skilled, low skilled, capital, labor, superstars and ordinary labors is presented and explained in detail. Finally remedies for solving these issues are presented and explained. Major takeaways of this paper are mismatch between the productivity and job creation, interlink between Technology improvement and division of labor and importance of education in building stable skilled labors and in the developing a stable society. (Brynjolfsson & McAfee, 2011)
Table 2 shows that the young adult’s unemployment rate (15.9%) is much higher than all labour force of both sex and 15 years over (8.5%) in Nov. 2009. Furthermore, young adult’s percentage of change unemployment (2.7%) is higher than compare group’s (-0.8%) from Oct. 2009 to Nov. 2009, which means young adult’s unemployment is still increasing while other groups’ unemployment began drop currently. Young adults are more likely to lose their jobs compared to others because of their limited work experiences.
“One machine can do the work of fifty ordinary men. No machine can do the work of one extraordinary man” (Hubbard 151). Elbert Hubbard, an American writer and the founder of Roycroft Artisan community, predicted the future with his epigram. His maxim would resonate for years to come and would be seen in the future job markets. For thousands of years, technology has fundamentally changed the way we live and interact with our environment. It has brought us from the Stone Age to the Industrial Revolution. It has taken us from the creation of the computer to the landing on the moon. Not only has technology affected the old, but also it has affected the youth. For the old and aged, modern technological innovations have brought about longer lives through medicine and other health care. People today are able to live longer, live stronger, and live happier. As for the youth and growing generations, technology has also affected them in various ways. From entertainment to education, technology has designed a generation that could never have been before imagined. But technology has not stopped there; it also has affected their future. From what careers they will pursue to how much they will earn, technology will play a big role. With the rise of new machines and equipment, thousands of jobs will be created that will range from ones that involve handling the machinery to ones that cannot be done by machinery. However on the other hand, new technology also takes away thousands of other jobs from society. As businesses look for ways to maker bigger profits, they will start replacing workers with machinery that could do the job faster and better. While the amount of unemployed may increase due to the advancement of technology, there will also b...
Unemployment is a macroeconomic factor that is pertinent to an extensive economy at a regional level. Therefore it affects a large population rather than a few select individuals. Unemployment does not only have social costs, but economic costs too. The ILO, International Labour organization, defines unemployment as, ''People of working age, who are without work, but available for work and actively seeking employment.'' Therefore implying that it is a state of an individual looking for a job but not having one. Unemployment is one of the key indicators in determining the economic stability of a country; hence governments, businesses and consumers closely monitor it. There are numerous aspects that might lead to unemployment such as labour market conflicts and recessions in the economy. There are two main types of unemployment, which can be focused on, seasonal and cyclical unemployment. Seasonal unemployment occurs when a person is unemployed or their profession is not in demand during a particular season. On the contrary, cyclical unemployment occurs when there is less demand for goods and services in the market so consequently supply needs to be decreased.
In the Terminator film series, the Terminator is from a world controlled by robots. Technology got so advanced that Cyber Dyne Systems Skynet took over human controlled robots and nuked the world. This story is impossible in reality, but robots should not be taken lightly in today’s world. Technology in the 21st century is getting more advanced every day. Robots are used in factories and even in people’s homes. So what if the Terminator film series got it right? Human workers, that work in factories, machineries, mills, everyday human controlled jobs like cash registers operators, are being replaced by robotic automation. This is a major problem for the everyday employees. Jobs that were once held by human workers, are now being replaced every day by robot “workers”. It is not ethical to replace human employees with robotic automation and computer controlled systems. It is important to be mindful, how and when to use robotic automation as robotic automation is useful, when used sparsely. Robots are a problem for humans because, technology of robots are becoming smarter, more reliable industrial robots and drones that lead to better factory production. It is often cheaper to buy an Industrial robot or program then to train a human worker and pay them for their job. The major
People need money to purchase all kinds of goods and services they needed every day and sometimes, for goods or services they desire to own. To fulfill that, they have the essential need to earn money. In order to earn money, they must work in either in fields related to their interests or to their qualifications. However, people will meet different challenges during their jobs-hunting sessions, such as many candidates competing for a job vacancy; salaries offered are lower than expected salaries and economic crisis or down which causes unemployment. Unemployment is what we will be looking into in this report. Dwidedi (2010) stated that unemployment is defined as not much job vacancies are available to fulfill the amount of people who want to work and can work according to the current pay they can get for a job they chose to work as. There are four major types of unemployment: frictional, structural, cyclical and seasonal unemployment.
Unemployment has always been something that Americans have worried about since the great depression in which one in every four people was unemployed. High unemployment has an impact on every one even those whom are still currently employed. For example if the unemployment rate is particular high then even those with jobs get worried. Unemployment is also separated in to distinct categories base on which group is the focus of the study. The categories can be by race, age or location, for example the unemployment rate of those between the age of sixty and sixty-five could be compared those between the ages of thirty and thirty-five. These categories allow economist to see which groups are the best and which groups are worst off. One group particularly bad off is the age group referred to as teenagers. This paper is going to focus on how teenage unemployment affects the economy and what possible solutions there are.
In this era of advanced technology, humans are dependent on industrial robots. From cellphones, cars, ships, planes, until the space rocket, an industrial robot helped build it. As a result, industrial robots are increasing exponentially in manufacturing industries. There are approximately 1.3 million new industrial robots to be installed in factories from 2015 to 2018 (World Robotics, 2015). This arises the question of its effects on workers particularly on employment. According to Business for Social Responsibility (2015), automation as a means of production creates new opportunities such as broader field for workers to enter the economy. Thus, the use of industrial robots increases employment in manufacturing
Indeed, youth labour market conditions deteriorated significantly at the onset of the Global Financial Crisis in September 2008 and have struggled to recover since. From February 2014 to February 2015, the level of youth employment decreased by 0.9%, while the level of youth unemployment increased by 13.3%. Against this backdrop, the youth unemployment rate has also risen, from 12.4% in February 2014 to 13.9% in February 2015. Youth accounted for 29.8% of the long-term unemployment pool in February 2015, well above the 22.6% recorded in September 2008.