Asked by Tyler Lewis on Jul 15, 2024
Verified
Technological change creates long-term hardships for workers with specialized skills.
Technological Change
The development and application of new technologies and processes, improving efficiency or creating new products and services.
Specialized Skills
Specific abilities and expertise developed through training or experience, valuable in particular jobs or tasks.
Long-Term Hardships
Prolonged periods of difficulty or suffering that individuals or communities face, often due to economic downturns or other adverse conditions.
- Appreciate the significance of advancements in technology and their simultaneous effects on the labor force and work efficiency.
Verified Answer
EE
Ebony EatonJul 21, 2024
Final Answer :
False
Explanation :
Technological change can indeed disrupt industries and displace workers with specialized skills in the short term, but over the long term, it tends to create new opportunities and demand for new skills, leading to potential benefits for workers who adapt and reskill.
Learning Objectives
- Appreciate the significance of advancements in technology and their simultaneous effects on the labor force and work efficiency.