Defining unemployment and technology will elevate the understanding of technologies effects on employment. Unemployment is difficult to explain, however the Labor Department says that people are unemployed if they are without employment but are searching for possible jobs, although the jobs they are looking for are not available while other employment opportunities may exist(Mabry and Sharplin 2). Therefore, any person that has been laid off because of technology and is still looking for the same job that they previously had is considered unemployed. Mabry, a professor of finance at Clemson University, and Sharplin, a professor of management at Northeast Louisiana University, state...
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...tion of jobs related to technology typically keeps itself in balance. However, this reaction does not occur over night, and there is always a brief period of economical instability. At first the jobs that were filled by unskilled laborers are lost or they are filled by new skilled laborers. Occasionally, some technological advancement completely destroys the need for a job which causes extreme unemployment for that labor field. This is followed by a period of staleness where employment doesn’t work its way buck up, but rather balances out at alternating percents depending on the economy. Afterwords, there is always a sky rocket in employment as competition and applicability of the technology becomes more diverse. This in turn proves that although technology is economically unstable right out of the door, it is a great way to increase jobs over a long period of time.
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