Impact of Technology

Daisy Sosa

Professor Cavallaro

English 100

12 June 2016

Impact of Technology

Technology has brought improvement to various sectors in the world today. It has contributed to an increase in production and efficiency (Mark 27). Currently most of the organization utilize internet to advertise their products to the consumers at large.  Currently online advertisement contributes to a significant percentage of the total advertising with 20% in Germany, 16% in Brazil, 18% in United States, 16% in France and 3 percent in India (Bughin, 2011, p. 23). Before the introduction of internet technology, most of the companies employed a good number of sales persons to assist in the marketing and selling of the company products. Currently, a person can just access the internet and purchase a product which will then be delivered to his or her resident. This has reduced the possibility of a consumer walking to the retail shop to purchase a given commodity.

Over the past two thousand years, there has been colonization of the spoken words. It started with the spoken word being written, which moved to it being printed and currently by the technologized word. With the currently existing internet, social networking, computer word processing and text message, spoken words is declining and if no measure are taken it is at risk of disappearing. The existence of technology is currently disconnecting us from each other as well as from ourselves and the richer talents that are possessed by each and every person (Thiebaud 1).

The introduction of technology is greatly reshaping the labor market and changing the world of work. Technology has introduced ICT-enabled smart devices, smart machines and smart techniques on employment. Technology contributes to new job opportunity because there is a wide opportunity for the use of digital tools and also a vacancy of digital jobs. This is a clear indication that individuals, government and businesses can currently benefit from the existing new digital job and the use of the digital tools.

Even though the presence of technology comes with several advantages and opportunity to the labor market, it also brinks risks to the labor market. Technology also leads to the digitalization of some jobs. This change can result to the entire work of an employee or part of his or her work being digitalized. In an instant like this, some employees will have to loss their jobs thus technology increasing the rate of unemployment in the labor market (Lee 3).

The ability of each and every individual to take advantage of the opportunity will also vary. For an instant, employees with higher level of skills are well prepared and will definitely benefit while those employees with fewer skills are likely to experience job loss because they are less prepared and are possibly exposed to the risk of low job quality (Brown 16).

With the introduction of technology, the nature of employment relationship is also changing thus shifting more risks to individuals. Some individuals also face the risks of being left behind. This may be as a result of the faster changing technology which needs individuals also to respond faster (World Bank Group 1).

The developing agreement is that the existence of technology will possibly compliment workers in each and every future job and some of the jobs we do today will likely be substituted by technology. In short, this means that the tasks or jobs that will be done in future will either be jobs that utilize digital tools or will be digital. What is not known is when these changes might take hold, the way in which the gain and losses that will result from such changes will be distributed and at what point these changes might appear. The growing concern is the possible effects that will be evidenced if the government of the business decides to adopt an improved and low cost technology. Will these changes have a negative effect on the employment or result to equality, where a given population will benefit greatly while other groups might find themselves with limited economic opportunities. The main four future concerns are: the extent to which todays jobs are vulnerable to be replaced by technology are experience a massive reduction in wages; the developing nature of employment relationship and the implication of the risks faced by individuals; the concern of growing inequality in the remuneration and quality of jobs, and that if the existence of technology results to wealth and wage polarization, there is a threat of hollowing out of the middle class and rising tensions in society; a growing gap of those individuals who do not have an access to digital opportunities and the possibility of them catching up (World Bank Group 8).