Technology has greatly made an impact in all aspect of human life from agriculture, banking, cooking, transportation and so on. Technology has improved our life immensely in various ways, making things being done faster and much easier.
Technology has so much improved ways in which business are done, for example with technology, you can do business with anyone across the world without even meeting the person and get paid instantly. This can happen with the improved technology we have now, that with computer and internet you can interact with someone across the world, negotiate on your business and get paid instantly. This was not possible some 20 years back.
But we want to look how technology has affected the employment market. It can be related that technology has made doing business easy and more profitable with less people on hands. This is one of the most basic fact of technology, less hands and more efficiency, which is better for business owners but not for workers. As technology improves, the more likelihood more people will loose their job.
People will loose jobs as technology improves for, technology renders some services useless. Like with the use of electronic mail, courier services has been reduced to just the transportation of heavy items that cannot mostly be sent electronically. Before mails, companies hire courier services or employ courier boys to deliver very important and personnel mails to be delivered directly. Also in the case of factories, machineries have been designed and programmed to carry out specific duty that were usually done by a number of people.
This also can be related to the banking sector, with the use of ATM, POS and now that it is possible to carry transaction through any internet connected devices, banks had reduced their workforce and branches especially in developed countries.
Also as technology is improving the workforce are not keeping up with the pace of improvement so its like they are left behind and are no more viable with the job.
So its advisable to acquire soft skills especially related to computers in the present state of the world. The world is becoming digital and hard skills are to be complimented with soft skills. Even every business that do not join the technology advancement will not survive the age.
It can be seen that most small businesses are embracing the advancement in technology, traders now put their goods online and connect to customers easily, most small shops have POS as most people do not like carrying cash and prefer any source of online transaction.
So as businesses open up to technology advancement, employers should endeavor to advance with the time and make themselves of more value by improving on their skills.