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This is a short summary of the paper
Unemployement - The Unavoidable Consequence Of New Technolog

Start of Term Paper
Technology – as defined by the US National Academy of Science (cited in Jones 1996, p.17) – is a perishable resource comprising knowledge, skills, and the means of using and controlling factors of production for the purpose of producing, deli ....

Middle of Term Paper
... a clear analysis of the impact of technology on employment, we need to take into account the consequences of technological transitions and seek to relate these to social, economic, political, and cultural factors occurring at the time. The relationship between technology and employment is at the same time complex and volatile (Mokyr 1990, p.52). To illustrate, the term “Luddite” was coined in the early 19th Century to describe mindless machine-breaking (Jones 1996, p.21). The Luddites were skilled cloth-weavers who believed that technology would destroy their livelihood and opportunities for work (Jones 1996, p.22). They were opposed ...

Number of Words: 1575 Approximate Pages: 6

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