- 1 Description
- 2 Definition of unemployment
- 3 Types of unemployment
- 4 Causes of unemployment.
- 5 THE WORLD IS IN THE THROES OF A TECHNOLOGICAL REVOLUTION.
- 6 Human replacement with machines.
- 7 The advantage of replacing human with machines.
- 8 The disadvantage of human replacement with machine.
- 9 Reason why people should study computer and technology.
The world is changing, things are a happening, way of study has changed many things. This is a reason why many people should learn from what is happening and change the way they approach the things they do and create a better future for you and your family you have to know what is best and will be profitable for you.
20 million manufacturing jobs around the world could be replaced by robots by 2030, according to analysis firm Oxford Economics.
1. Definition of unemployment.
2. Types of unemployment.
3. Causes of unemployment.
4. Technological Revolution.
5. Human replacement with machines.
6. The Advantage of human replacement with machines
7. The disadvantage of human replacement with machines.
8. The Reasons why people should study science and creative technology.
Definition of unemployment
Unemployment is a situation where individuals who are employable and skid, seeking for a job at unable to find a job. Further explanation, it is those people in the workforce who are available for work does not have a job.
A lot of people went to school hoping to get a job to help themselves and their family but unable to find a job or even to fetch for themselves, this is what makes unemployment a major problem in the society.
Types of unemployment
1. Real unemployment.
Real unemployment is not the type of unemployment, it’s a term that you need to understand. People argue that instead of the “official” unemployment rate, we should use an alternate rate calculated by the Bureau of Labor Statistics.
2. Seasonal Unemployment.
Some sources include seasonal unemployment as another type of unemployment. It is part of natural unemployment.
Like its name suggests, seasonal unemployment results from regular changes in the season. Workers affected by seasonal unemployment include resort workers, ski instructors, and ice cream vendors. It could also include people who harvest crops.
3. Classical Unemployment.
Classical unemployment is also known as “real wage unemployment” or “induced unemployment.” It’s when wages are higher than the laws of supply and demand would normally dictate.
Underemployed workers have jobs, but they aren’t working to their full capacity or skill level. This includes those who are working part-time but would prefer full-time jobs and those who are working in jobs where they aren’t being utilized. Underemployment is often caused by cyclical unemployment. During a recession, underemployed workers will take what they can to make ends meet.
Some definitions of underemployment include unemployment. Others include segments of society that are not included in the standard definition of unemployment but are counted in the real unemployment rate. Awareness of underemployment helps you understand the big picture of unemployment.
5. Long-Term Unemployment.
Long-term unemployment occurs for those actively looking for a job for over 27 weeks. The effects are devastating. Many employers overlook someone who’s been looking for that long. The emotional and financial costs can be very damaging.
Sadly, a higher percentage of the unemployed fall into this category than before the financial crisis or in prior recessions.
6. Natural Unemployment.
There will always be some level of unemployment, even in a healthy economy.
7. Frictional Unemployment.
Frictional unemployment occurs when workers leave their old jobs but haven’t yet found new ones.
Most of the time workers leave voluntarily, either because they need to move, or they’ve saved up enough money to allow them to look for a better job.
Frictional unemployment also occurs when students are looking for that first job or when mothers are returning to the workforce. It also happens when workers are fired or, in some cases, laid off due to business-specific reasons, such as a plant closure.
8. Structural Unemployment.
Structural unemployment exists when shifts occur in the economy that creates a mismatch between the skills workers have and the skills needed by employers. An example of this is an industry’s replacement of machinery workers with robots. Workers now need to learn how to manage the robots that replaced them. Those that don’t learn need retraining for other jobs or face long-term structural unemployment.
9. Cyclical Unemployment.
Cyclical unemployment is not part of the natural unemployment rate. It’s caused by the contraction phase of the business cycle. That’s when demand for goods and services fall dramatically, forcing businesses to lay off large numbers of workers to cut costs. Cyclical unemployment tends to create more unemployment. This is because the laid-off workers have less money to buy the goods and services they need, further lowering demand.
Causes of unemployment.
Unemployment is caused by various reasons that come from both the demand side, or employer, and the supply side, or the worker. From the demand side, unemployment may be caused by high interest rates, global recession, and financial crisis. From the supply side, frictional unemployment and structural employment play a great role.
THE WORLD IS IN THE THROES OF A TECHNOLOGICAL REVOLUTION.
That differs from the periodic waves of technical change that have marked the progress of industrial society since its origins 200 years ago. A shift is occurring in the social io technological paradigm that underlies our current sophisticated industrial structure. This old paradigm consists of the mass production of essentially standardized goods in ever-larger units; an emphasis on quantitative goals for production, requiring ever higher inputs of capital, energy, and raw materials to produce more and more; and little attention to environmental impact, resource use, and conservation issues.
Human replacement with machines.
robots will replace humans for many jobs, just as innovative farming equipment replaced humans and horses during the industrial revolution. We all know the story, it’s something we’ve heard pretty often in the last couple of years – robots are taking over, machines will be the new workforce, humans will have to find something else to do. as technological capabilities have grown, so have their power to replace us. No longer are qualified, human candidates your only competition for the full-time job you seek. Instead, you are competing against the ever-growing power of technology.
The advantage of replacing human with machines.
Machinery has harnessed the forces of nature in the service of man. Man can fly in the air; he can send messages thousands of miles away; he generates electricity from waterfalls. All this he has done with the aid of machinery. For such jobs, the use of machinery is indispensable. Tasks which are too heavy or too delicate for human muscles to do can be done easily by a machine. A crane can lift loads which man never can.
The disadvantage of human replacement with machine.
Machinery has not proved to be an unmixed blessing. The craftsman with the superior skill had disappeared. Such skill is no longer necessary. The man who made the Dacca muslin has now only to look after the running of a machine.
Reason why people should study computer and technology.
The craftsman with the superior skill had disappeared. Such skill is no longer necessary. The man who made the Dacca muslin has now only to look after the running of a machine. Computer scientists are in demand and their salaries reflects. Every industry uses computers so naturally computer scientists can work in any. Problems in science, engineering, health care, and so many other areas can be solved by computers. It’s up to the computer scientist to figure out how, and design the software to apply the solution.
Computer science departments at typically benefit from having one of the more culturally diverse cohorts at their respective unis. According to data almost 20,000 computer science students come from overseas.