What factor is most associated with technological unemployment?

Prepare for the ACCA F1 Certification Exam with detailed quizzes featuring multiple choice questions and explanations. Enhance your understanding and ensure success in your exam!

Technological unemployment refers to the loss of jobs caused by advances in technology, particularly through the utilization of automation and machinery. This phenomenon occurs when machines and software are developed to perform tasks that were previously carried out by human workers, leading to a reduction in job opportunities in certain sectors. As technology evolves, tasks that require human labor can often be completed more efficiently or at a lower cost through automation, resulting in job displacement.

When we consider the impact of automation and machinery on the workforce, it is clear that they directly replace human labor in various industries, from manufacturing to services. This transformation often leads to a significant shift in the types of skills required in the labor market, which can contribute to unemployment for those who are unable to adapt to the increasingly technology-driven landscape.

In contrast, job dissatisfaction, increased skill level requirements, and economic instability can also affect employment but are not the primary drivers of technological unemployment. Job dissatisfaction might lead to voluntary turnover but does not inherently reduce job availability. Increased skill level requirements have more to do with the evolving nature of jobs rather than direct unemployment caused by technology. Economic instability can affect employment rates, but it is not directly linked to the consequences of technology replacing human work. Therefore, the strongest association with technological unemployment remains automation

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy