In the current scenario, technical advancement had brought huge changes in the working atmosphere. In my opinion, even though it leads to a massive fall of human resources, it is also beneficial for a particular group of employees and the companies as overall.
Modern technology has replaced the man power with machine power. In the past, ground level works or manufacturing works were done by humans, but now, for production and packing processes, companies are depending on robotic or machine powers. For instance, in a report by CNN news, there is a huge hike in the unemployment rate in the developed countries because of the modernization of the workplace.
Another reason for the unemployment is, having a technological modification has reduced the cost of production by less labour hours. In addition, within a little amount of time, there is a huge outflow of outputs. In other words, machines can complete a particular job within the half of time that an individual could take.
Finally, top hierarchy level employees and companies are beneficial of the developed technologies. Changes in the technical backgrounds bring comfortable working and it could help to produce accurate reports. For example, there are so many Enterprise Resource Planning (ERP) software’s are available in the market to plan and execute their daily tasks. Furthermore, emails and online banking system help business to do the operation with the help of a laptop and an internet connection.
In conclusion, even though IT revolution had brought a dramatic increase in unemployment of lower hierarchy level employees, it has brought fortunes to the economy as overall.
In the
current
scenario, technical advancement had brought huge
changes
in the working atmosphere. In my opinion,
even though
it leads to a massive fall of human resources, it is
also
beneficial for a particular group of employees and the
companies
as
overall
.
Modern technology has replaced the
man
power with machine power. In the past, ground level works or manufacturing works
were done
by humans,
but
now
, for production and packing processes,
companies
are depending
on robotic or machine powers.
For instance
, in a report by CNN news, there is a huge hike in the unemployment rate in the
developed countries
because
of the modernization of the workplace.
Another reason for the unemployment is, having a technological modification has
reduced
the cost of production by less
labour
hours.
In addition
, within a
little
amount of time, there is a huge outflow of outputs.
In other words
, machines can complete a particular job within the half of time that an individual could take.
Finally
, top hierarchy level employees and
companies
are beneficial of the developed technologies.
Changes
in the technical backgrounds bring comfortable working and it could
help
to produce accurate reports.
For example
, there are
so
many
Enterprise Resource Planning (ERP) software’s are available in the market to plan and execute their daily tasks.
Furthermore
, emails and online banking system
help
business to do the operation with the
help
of a laptop and an internet connection.
In conclusion
,
even though
IT revolution had brought a dramatic increase in unemployment of lower hierarchy level employees, it has brought fortunes to the economy as
overall
.