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Explain how changes in technology affect and change the demand for labor. Distinguish between situations in...

Explain how changes in technology affect and change the demand for labor. Distinguish between situations in which a particular type of technological change increases the demand for a particular type of labor and those in which it decreases the demand for a particular type of labor. Provide examples to support your answer. 25 points

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Answer #1

Technology is always meant to reduce the work load on the people where the increase in the technology aspect the manufacturing process decreases with which the demand for labor on that particular labor decreases. Consider a situation where new technology has been introduced for the manufacturing process and at this time the demand for existing labor decreases and the demand for the one skilled in the technological aspect increases. For example when CNC machines are introduced in place of conventional Lathe, the demand for ones who operate CNC machines increase and demand for ones who operate lathe decreases.

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