technological unemployment
English
Noun
technological unemployment (uncountable)
- Unemployment caused by technological advances. This includes machines and software substituting for human labor, advances in efficiency negating the need for friction-based jobs, and increased data availability undermining professions that rely on information asymmetry.
Translations
unemployment caused by the replacement of workers by machines
|
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.