Search results
Results from the WOW.Com Content Network
Productivity-improving technologies date back to antiquity, with rather slow progress until the late Middle Ages. Important examples of early to medieval European technology include the water wheel, the horse collar, the spinning wheel, the three-field system (after 1500 the four-field system—see crop rotation) and the blast furnace.
The countries where jobs were least vulnerable to automation were Sweden, with 46.69% of jobs vulnerable, the UK at 47.17%, the Netherlands at 49.50%, and France and Denmark, both at 49.54%. The countries where jobs were found to be most vulnerable were Romania at 61.93%, Portugal at 58.94%, Croatia at 57.9%, and Bulgaria at 56.56%.
Workplace Technology and Automation Workplace technology and automation involve the integration of technological solutions and automated processes to streamline tasks and workflows. This can significantly impact workforce productivity by reducing manual labor, minimizing errors, and accelerating processes.
The technology shock increases the output given the same level of, in this case, labor. The marginal product of labor is higher after the positive technology shock, this can be seen in the MPL (blue) line being steeper. Technology shocks are sudden changes in technology that significantly affect economic, social, political or other outcomes. [1]
Skill variety is the degree of activities and skills that a job requires in order to complete a task. An increase in skill variety is thought to increase the challenge of the job. Increasing the challenge of the job increases the individual's experienced meaningfulness, how much the individual cares about work, and finds it worthwhile.
Featherbedding is commonly seen by economists as a solution to "who should bear the burden of technological change?" [9]Labor economists often argue that featherbedding can be construed as the most economically optimal position from both an employer's and employee's perspective, since it can be seen as distributing the costs of technological change. [10]
New lag hypotheses are substantially the same as older lag hypotheses but focus on the lag effects of different new technology and different ways that technology can improve productivity. Productivity benefits from IT investments in the mid-1990s tend to come from their ability to improve supply-chain, back-office and end-to-end operations.
Competition causes the same jobs to move to a different location, and workers do not or cannot follow. Examples: Manufacturing jobs in the United States moved from what are now called Rust Belt cities to lower-cost cities in the South and rural areas. Globalization has caused many manufacturing jobs to move from high-wage to low-wage countries.