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Technological Unemployment |
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Technological Unemployment Unemployment that occurs because advances in machinery renders workers redundant. For example, a machine that mass produces shoes may cause a cobbler to lose his business. Technological unemployment is the result of a disparity between the collective skills of the workforce of an economy and the skills necessary to perform the available jobs. As such, it is a type of structural unemployment. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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