Keyword Analysis & Research: technological unemployment definition

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What is technological unemployment and why is it a problem?

Technological unemployment is self-defining: job loss directly caused by new technologies and innovations. It’s a type of structural unemployment. So, rather than roots in supply or demand fluctuations, this joblessness is fuelled by a skills gap.

What is'unemployment'?

What is 'Unemployment'. Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy.

Who coined the term'technological unemployment'?

The phrase "technological unemployment" was popularised by John Maynard Keynes in the 1930s, who said it was a "only a temporary phase of maladjustment". Yet the issue of machines displacing human labour has been discussed since at least Aristotle 's time.

Does technological unemployment affect workers with old skills?

It is still possible, however, for technological unemployment to afflict workers with old skills, if the new jobs created are either lower-grade operative jobs, or require skills they do not possess.

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