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University of Business and Technology
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# Analysis of the Impact of Computers on Employment The text discusses the effect of computers on employment. It states that while computers create jobs in some areas, they also reduce employment in others. The net effect on unemployment is, in many cases, neutral. However, the long-term outlook...
# Analysis of the Impact of Computers on Employment The text discusses the effect of computers on employment. It states that while computers create jobs in some areas, they also reduce employment in others. The net effect on unemployment is, in many cases, neutral. However, the long-term outlook is changing, thanks to the growing use of artificial intelligence and software. While the near-term risk of automation is limited to only 5% of existing jobs, the tasks performed in those jobs are likely to change significantly. The author emphasizes that the skills required for future jobs will need to adapt to this change. For example, bank tellers will need to develop marketing skills in addition to their existing ones. In summary, the author's argument is that although computers might eliminate some jobs, they are also likely to create new jobs and change the nature of existing ones. This necessitates the adaptation of workers' skills, and is not cause for persistent unemployment in the long term.