Technological Unemployment

Technological unemployment refers to job loss caused by advancements in technology. As machines, software, and automation become more capable, they can replace human workers in various tasks, leading to fewer job opportunities. For example, robots in manufacturing or AI in customer service can perform functions more efficiently than humans. While technology can create new jobs, the shift often outpaces the ability of the workforce to adapt, resulting in unemployment for those whose skills are no longer in demand. This phenomenon highlights the need for reskilling and adapting to a changing job landscape.