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Economy In The Next Decades - Example Papers

Economy In The Next Decades

“Into the Unknown” by Henry Tricks, appeared in the economist. It discussed the concept of machines eliminating workers faster than new tasks being found. This idea has been going on for years, along with the worries about future technological products, and the bright side that we don’t see about the new products.
The main argue in the article is the effect of machines eliminating workers in the future, and how close it is to exporting jobs that play a big rule in America, Germany and Japan. Now days, the “worriers” always look at the empty part of the glass, and not take into account the effect of production technology on the cost and demand of production; and how that can help create ...

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of “Bureau of labor” in 1988. Also, the article discussed the economy experts’ point of view on “Bangalore,” and its effect on jobs along with the main reasons of it. It also includes experts’ opinion on the spread of IT in the modern economy. In addition, the migration of “white-collar” work abroad, its risk on different carriers, and the “Outsourcing” factor effect on the labor market. Overall, the author’s purpose isn’t to worry about new changes in economy. It is about how the changes will create jobs more than it demolishes them, by “making higher profits and lower prices, lifting demand for new goods and services .entrepreneurs set up new businesses to meet demand for these new necessities of life, creating new jobs.”
Henry Tricks discussed his point of view using evidence from economy experts and certificated institution. When he talked about the “exporting” jobs in America, Germany, and Japan, he mentioned the example of Mr. Chase’s worry about “mechanization” 75 ...

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Economy In The Next Decades. (2011, April 10). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Economy-In-The-Next-Decades/97834

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PAPER DETAILS

Added: 4/10/2011 12:07:59 AM
Submitted By: zizoo1122
Category: Economics
Type: Premium Paper
Words: 702
Pages: 3

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