Technological Unemployment
Technological unemployment refers to job loss caused by advancements in technology. As machines and software become more capable, they can perform tasks that were once done by humans. This shift can lead to reduced demand for certain jobs, particularly in industries like manufacturing and customer service.
While technological progress can create new job opportunities, it often requires different skills. Workers may find it challenging to transition to new roles, leading to temporary or long-term unemployment. The impact of technological unemployment can vary across sectors, affecting individuals and communities differently, depending on their adaptability and access to training resources.