March of Technology Eliminating Jobs

Part one of two.

Middle-class jobs not only in this country, but in developed countries around the world, have been lost due to the march of technology, and experts predict the majority of these jobs will not return.

Science fiction novels have warned of a future in which robots and computers would replace humans, and, according to an article in NBCNews.com, that day may be here.

As the software that runs computers, machines and devices becomes both more powerful and sophisticated, these computers, machines and devices can now more capably and efficiently complete the tasks that humans have done in the past, and unfortunately, many workers find themselves replaced by these software driven machines.

One expert in the field, Andrew McAfee, who is the principal research scientist for MIT, stated that he ?has never seen a period where computers demonstrated as many skills and abilities as they have over the past seven years.?

Labor economists in this country report that half of the 7.5 million jobs lost during the recession were middle-class wage positions.? Unfortunately, they also state that only two percent of the 3.5 million jobs gained back after the recession ended are in mid-pay industries, with seventy percent of the jobs gained being in low-pay industries.? Experts predict? the loss of mid-pay jobs is not over, and as technology becomes more sophisticated, more jobs will be lost.

There are those occupations that benefit from technological advances.? App designers for smart phones and tablet computers, and, of course, software engineers, all benefit by the increasingly technical and sophisticated computer software advances.? But overall, technology eliminates more jobs than it creates.

To be continued.

Original Article.

Source: http://www.tucsonbankruptcylawfirm.com/march-of-technology-eliminating-jobs/

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