ECONOMICS PRESENTATION
Reyan Khan
Created on November 26, 2023
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Transcript
Impact of Technology
By: Reyan khan
What is technology
Technology refers to the application of scientific knowledge, techniques, and skills to solve practical problems and improve efficiency in various fields.
- Digital Age
- Invention of Tools
- Industrial Revolution
Evolution of technology over time
- Enhanced Healthcare
- Empowerment & Education
- Improved Connectivity
- Increased Efficiency
Positive impacts of technology
- Job Displacement
- Environmental Impact
- Social Isolation
Negative impacts of technology
Privacy & SecurityTechnological advancements raise concerns about the protection of personal information and the potential misuse of data.Artificial IntelligenceThe development of AI raises important ethical questions regarding bias, accountability, and the impact on employment.Digital DivideAccess to technology remains unequal, leading to disparities in education, opportunities, and information.
Ethical considerations in technology
The rise of digital platforms and gig economy has provided opportunities for flexible work arrangements, but it also brings challenges in job security and fair compensation.
Influence of Technology on Gig Workers
The Labor Force Participation Rate (LFPR) graph from FRED offers an insightful connection to the impact of technology on the workforce. This graph visually showcases the fluctuations in workforce engagement across different periods, allowing for an examination of how technological advancements have shaped labor force participation. By delving into the shifts seen in LFPR, it's possible to illustrate the influence of technology on job availability, the rise of remote work due to digital transformation, the emergence of the gig economy facilitated by tech platforms, and the evolving demographics and skill demands in the workforce. The graph serves as a valuable visual aid to explore the multifaceted effects of technology on employment trends and workforce dynamics.
https://fred.stlouisfed.org/graph/?graph_id=1281097#
Smart CitiesUrban landscapes will become increasingly connected, using technology to improve sustainability and quality of life.Virtual & Augmented RealityImmersive technologies will transform entertainment, education, and various industries.Autonomous VehiclesThe advent of self-driving cars will revolutionize transportation, improving safety and efficiency.
Future trends in technology
Cite Source
government , government. (2023, October). Labor Force Participation Rate. FRED. https://fred.stlouisfed.org/graph/?graph_id=1281097# KeyTech. (2023, March 27). The impact of technology on society: Positive and negative effects. LinkedIn. https://www.linkedin.com/pulse/impact-technology-society-positive-negative-effects-keytech-fi#:~:text=Positive%20Impacts%20of%20Technology%20on,of%20where%20they%20are%20located.Reddel, Ti., Burdon , J., & Lata, L. (2022). New Tech, Old Exploitation: Gig Economy ... - Wiley Online Library. One Compass Many Directions . https://compass.onlinelibrary.wiley.com/doi/full/10.1111/soc4.13028 Digital, T. (2023, March 21). Ethical issues in technology & ways to manage them. LinkedIn. https://www.linkedin.com/pulse/ethical-issues-technology-ways-manage-them-teamleasedigitalBuchanan, R. (2023, November 10). History of technology. Encyclopædia Britannica. https://www.britannica.com/technology/history-of-technology Duggal, N. (2023, December 5). 18 new technology trends for 2024: New Tech Horizons. Simplilearn.com. https://www.simplilearn.com/top-technology-trends-and-jobs-article
Conclusions
While technology has brought about numerous benefits and advancements, we must carefully navigate its impact and ensure ethical considerations are prioritized for a sustainable and inclusive future.