Though an outright conclusion cannot be reached on the argument that technological surge affects the labor market adversely and put millions of labors out of the loop, there are many concerns that technological innovation will lead to increased unemployment, suppressed wages and greater inequality.
New technologies, as they hold immense promise, are also seen as a threat, potentially disrupting labor markets and contributing to income inequality. The biggest public fear is that robots and Artificial Intelligence /AI/ will replace human jobs on a large scale, resulting in mass unemployment or underemployment–and, consequently, widespread impoverishment around the globe. In fact, labor […]
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