Automation is the idea that there is an unstoppable march towards progress. A majority of the time, this progress is a result of or includes technology. Due to the speed of technology, people are starting to worry about the effects automation will have on our society, specifically the job market. While some jobs will become obsolete, automation will essentially alter the way we work rather than decrease the number of jobs. Through automation, it can be seen that class, racial, and gender inequality have the potential to change in our future.
Improved efficiency Artificial intelligence will enhance the reasoning ability in that it will is replicated into a quicker, durable and sustainable platform through this technology. Thereby improving the speed and accuracy at which tasks are executed. Despite the benefits associated with Artificial intelligence, it has also got its detrimental impacts on our lives. Job replacement With the emergence of Artificial Intelligence, more and more people will continue losing their jobs. This technology will be performing the tasks meant for human beings thus increasing the levels of unemployment.
Robots might take our jobs but we'll get new ones, more valuable and meaningful. The purpose for us to develop and improve the technology of robot is to make our life more convenient and efficient. Creating robots is just like to save time. Secondly, when we construct autonomous robots, I bet we give up some of their potential adaptability in exchange for preventing them from going off on their own beyond our full control. If so there is no idea that the robot will displace the human beings.
Therefore, education plays a big role in making developing countries to be more developed. By being more globalized, developing countries could gain better education access than before. Export and import activity could also transfer education from a country to another. So, learning education thought by others that are more professional or better from developed countries could help a lot on improving developing countries that might still be struggling to be a better country or to compete with other countries, especially in the global market. By doing an international trading, knowledge could be transferred from country to country.
America is losing its freedom and changing its economic system. By increasing minimum wage, America would be hurting its people, not helping them. Therefore, raising the minimum wage is not a smart move for America. Increasing the minimum wage would hurt the jobs of America profoundly. First of all, if one looks at it logically, increasing minimum wage increases the amount that an employer pays his employee.
In a society based on capitalism and materialism, the desire to have the next designer genetic trend is almost to be expected. Biotech companies would attempt to monetize off of certain genetic advantages such physical attractiveness and intelligence if effort to please the more privileged members of society. In the system of capitalism, this kind of expensive technology would not be profitable if ability to everyone. (Simmons), This will inevitably lead to a creation of an underclass, a society who is inability to afford the genetic cures and/or advantages thus creating a race who genetic
Probably the biggest disadvantage of a conglomerate diversification strategy is the increase in administrative problems associated with operating unrelated businesses. Managers from different divisions may have different backgrounds and may be unable to work together effectively. Competition between strategic business units for resources may entail shifting resources away from one division to another. Such a move may create rivalry and administrative problems between the units (Xiaorong, 2007; Karaevli, 2013;
No doubt economic globalization has several benefits, but it can become a problem for long term if it is not resolved in time. It has a potential to leave an impact on the whole economy, which eventually would disrupt the working conditions of a country, especially in case of developing countries. So, the research questions arise that: How would local hiring as well as income allocation structure get affected, in case domestic firms comes in the contact of economic globalization with their individual choice? And In what way does hiring stucture present in a country, which is also associated with decline in poverty and income allocation get influenced with introduction of FDI in the system? Also, How the issue of disparity existing among nations could be minimized?
By doing this company can easily increase their sales and growth. 7. “New competitive arenas”: Companies can fit in in different vertical to exploit some opportunities available in different sectors. And it’s also benefits to company because company also can use their skills. Zealong also can adept this strategies so company can increase their growth.
Technological change means advances in technology. If some industries have moderated technology development, then the demand for labour will decline because robotics replacing jobs. Structural change in the economy means it is difficult for illiteracies such as coal miners to get jobs in new industries such as computers. Next is job outsourcing. That is, when the company transfers its manufacturing or call center to another country.