THE EFFECT ON VARIOUS DEMOGRAPHIC GROUPS
Robotization has impacts on age, gender, income, race, and ethnicity. Certain individuals are at a greater risk from emerging technologies than others. Young people, for instance, are facing bigger risks since they are at the beginning stage of their careers. They are the ones whose job experiences will highly be affected by robots, machines and artificial intelligence. Job complications are not circumscribed to young people only. For instance, most women work in positions that include care giving. With the advancement of technologies, women in this sector of occupation are likely to experience a sharp decrease in their employment capacities. The racial minorities will undoubtedly have a gloomy job
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For instance, economist Philippe Van Parijs proposed that the government should pay each citizen a basic income that guarantees his/her access to basic goods to sustain life. That will aid those with very less employment opportunities to get basic staff without worrying about homelessness or poverty. Writer Ben Schiller advocates that a universal basic income is the best solution for poverty reduction. He states with jobs losing and robotics taking them, governments must provide a single payment to people unemployed that would give them the chance to live a reasonable life without fear of death and extreme poverty. The British economist Robert Skidelsky proclaims that it is time for governments to provide a basic income guarantee. He argues that as robots are skyrocketing and replacing humans in labors, people will be in need of incomes. However, critics of basic income emphasize two reasons. First, they believe work add a value to human worth. Many people define their self-esteem through their jobs. So jobs are vital for many people who define themselves through it. Second, people will have no work incentives in an income guarantee system. So any proposal must be constructed in a way that balances payments and work encouragement. Otherwise, people may quit working and will do very
The level of job losses in the minimum-wage category is the critical issue of our day. It is much more difficult for someone with nothing to rise to higher levels on the economic scale. Inequality is feeding on itself. ”(Zuckerman) that leads to the next point.
The purpose of this document is to show that women are helping in duties outside the household. This is important because this was unconventional at the time. Additonally, there is a chart that shows that there was a significant increase in jobs held by women in professional fields such as clerical, professional, service, and sales workers which shows that women were climbing up the ladder in terms of jobs. This increase in women in the workforce is further confirmed with the drop in jobs such as household, factory, and farm workers (Doc 3B). Women are now taking on more professional jobs that were typically for men and that alone is a significant change.
Why we Should Raise the Minimum Wage In Kevin A. Hassett's essay which appeared in American Enterprise Institutes online issue March 10, 2013 , '' Why We Shouldn't Raise the Minimum Wage'', he responds to announcement proclaimed by President Obama, in his 2009 State of the Union address, regarding the minimum wage. '' In the wealthiest nation on Earth... no one who works full-time should have to live in poverty.'' President Obama 2009 . Hassett believes that the President's resolution to raise the minimum wage would prove to be counter effective. He does not believe that it will solve the , present and worrying issue of poverty in the country.
Increasing minimum wage also has its disadvantages that can seriously affect workers. In several instances, employment has decreased more than the increase in wages and thereby overall earnings are still reduced or remained unchanged. The debate about raising the minimum wage has both pros and cons, generally speaking, one has to outweigh the other. However, with the idea of raising the minimum wage, many people, especially the poor, will gain substantial benefits from that policy, including the ability to improve their living standard,reduce the gap between the poor and the rich, reinforce the equity in the country and improving productivity and economic growth.
Source Analysis Assignment In source one, Howard Zinn discusses how there is no necessity for incentives in order for individuals to work collectively to contribute to society. Zinn suggests that generally, since, everyone has similar basic needs, it is unnecessary to have wide income gaps. His beliefs are from a collectivist standpoint because he proposes that there should be a more balanced distribution of wealth for everyone. He would oppose the belief of elitism and would support ideas such as a Universal Basic Income which ensures that every individual in a country receives a sum of money from the government which allows them to have basic necessities met.
Income inequality is an important issue that needs to be addressed in the United States. One reason that the United
In Canada, the biggest concern is the income inequality and as to how important that is, and along with that the rise of it has or leads to serious consequences. When it comes to poverty reduction and the income inequality, the idea of basic income assessed as an instrument. Poverty includes things such as poor nutrition and health outcomes, education problems, and does not allow poor people to participate in society and does not allow them to have the improving opportunities for themselves and their families. Providing money for the poor will help them to improve on their well-being and their life chances, making them less dependent in the future. We also look at the job loss that is happening within this modern society.
1. Introduction Income inequality has grown significantly during this past decades and this phenomenon continues to increase over the years. This problem is constantly discussed in the daily news all around the world. Several consequences of this increase of inequality between people leads to economic problems such as high unemployment rates, lack of work for young people, fall of demand for certain product. The gap between rich and poor is increasing, the rich are richer and the poor are poorer as a result politicians and economists try to adopt certain policies in order to reduce this gap.
As a reader reads Barbara Ehrenreich’s book Nickel and Dimed on (Not) Getting by in America, they get an insight on what it is like to live a low income life. Ehrenreich proposes the argument in the introduction that poverty is a serious matter and just because one has a job does not mean they are not considered poor. She wants to persuade us to realize that American is not the land of opportunity as promised and portrayed and there are regular people who are struggling to live a comfortable life. Throughout her book she mentions her experiences with living on minimum wage, the hiring process, and how she felt being put in that position. After reading Ehrenreich’s book I am thoroughly persuaded.
Its primary aim is to tackle poverty and improve standards of living by ensuring every worker enjoys a minimum level of income (Mark, 2012). However, some policymakers state that this policy is inefficient since it negatively affects more people than it benefits (Robert, 1974). This paper focuses on the positive and negative effects of minimum wage and whether the government should abolish
Due to automation and robotics, around five million jobs exist with 300,000 people estimated to already be employed in industrial robotics.
Artificial Intelligence and its effect on the workforce Artificial intelligence(AI) is a recent reality of technological advancement affecting human society. To analyze its effect on the workforce we will look back in history for technological disruptions and how they affected the workforce and compare and contrast to the way AI is currently impacting and will continue impacting the human workforce and other aspects of human society such as economics, politics and the general environment. History Throughout history technological advancement has affected human society in its ways of living, working and its environment.
A world of robots working in factories, markets, schools, companies, and limited amount of work space for humans that’s what is going on. The things we saw in movies and what we were dreaming is all becoming reality. Recently, technology has been improving in a very rapid pace. Technology, such as smart phones, tablets, and television, made our lives easier and more convenient. Now people can click a button and deliver food or items they want anywhere.
As technology and robotics progress, people continue to debate how jobs and careers could be affected. Robotic replacement might not have a negative effect , especially since it has helped our development to be able to survive. The process of the robotic development started in the industrial age. The industrial age is known for “a period in which fundamental changes
There is no established market mechanism and lack of political power contributes to the self-regulating failed economy. Polanyi argued that a solution to this would be to implement a social democratic welfare state. As a result there will be equal opportunity and wealth which will sequentially lead to