The new economy Essay Example | Topics and Well Written Essays - 250 words

The upstart economy - Essay physical exertionftware have the capability of doing more than word as compared to humans, it is also true that engineering has helped many muckle monetize their homes and even utilization others.A perfect example of how technology creates jobs is the Agriculture sector. The percentage of persons operative on farms declined from 41%-2% in the last century. Over the same period agricultural production move and farmers got employed in factories and cubicles. Economists have linked the shrinking American middle class to technological deracination of human labor. More jobs coming up are for Ph.D.s and casual labourers such as home cleaners. Drivers and self-driven cars stake the jobs of chauffeurs & drivers. Software threatens the jobs of their very developers. However as these jobs go, others are created according to Airbnb CEO Brian Cheskey, the firm may employ only 16000 but has 30 million users. It creates more jobs of the 21st century through cre ation of income for hosts monetizing their homes, as well local business & service providers (Foroohar, 2015).The new economy allow therefore be more about individuals. Persons with good education, who are smart and have entrepreneurial minds, will thrive well in the new economy. The government should thus respond to the threat of displacement by reforming education, increasing training for the hands as well as the social services net to accommodate the slack. Global supply duress will be affected by increased integration hanks to technology. This means that survival in the new economy and the evolving supply chains & logistics will require high calibre skills. I content that technology will increase output and therefore prosperity and thus going forward this knowledge will really influence my approach to