Technological progress is inevitable because technological advancement will go as outlined by scientific improvement. Each and every development is created to offer positive gains for human living. Technology offers many conveniences and a new way of doing human pursuits. Particularly in the field of technology, the community has appreciated lots of benefits a result of the improvements which have been made.
Technology and Politics
In recent years, technology was initially designed to acquire positive advantages, alternatively could also be utilized for adverse things. Such an example is the introduction of electric scooter Dublin, this innovation had brought on convenience to some but had brought harm to others because of unregulated use. Let’s take a look at further at the positive and negative impacts of technological progress in general to our economy.
Economics – The Pros and Cons of Technological Progress on Economy
- Industrial productivity has increased. Advances in technology will improve the productivity capabilities of the industrial world both in the aspect of industrial technology and in aspects of the type of production
Economic growth will be even higher
Competition in the world of work thus requires workers to always add to their skills and knowledge.
The more widespread use of ICT will increasingly open up employment opportunities
With advertising facilities on the internet on certain sites will facilitate the promotion and marketing of a product
Companies can reach a wider market because buyers who access the internet are not limited by place and time
The company does not need to open a distribution branch
Fewer expenses, because there are not many employees
The price of goods is cheaper because the operating costs are cheap
ICT-based business or commonly called e-commerce can assist in business dealings of a company or individual
Utilization of technology to create new services in the economy and business include internet banking, SMS banking, and e-commerce
- The occurrence of unemployment for workers who do not have the qualifications in accordance with what is needed
Consumptive nature as a result of intense competition in the era of globalization will also give birth to a generation that is morally experiencing a decline: consumptive, wasteful and has instant mental shortcuts
Deceptive deception in the process of buying and selling online that can harm some parties;
With networks available such as those on several sites that offer online gambling, gamblers don’t need to go to a specific place to fulfill their desires
Online Buying Resistance. For ordinary people who have never transacted online, will feel awkward when having to trade without face to face or see the seller. Not to mention the fear if the payment is not sent or not received. Or goods not sent, or even goods sent but not received