What are the likely effects of technological advancements on the labor market in terms of employment and wages? A. Technological advancements lead to widespread unemployment and lower wages. B. Technological advancements create new jobs but generally at lower wages. C. Technological advancements eliminate some jobs but also create new ones, often with higher wages in newly emerging sectors. D. Technological advancements have no significant effect on employment or wages.

What are the likely effects of technological advancements on the labor market in terms of employment and wages? A. Technological advancements lead to widespread unemployment and lower wages. B. Technological advancements create new jobs but generally at lower wages. C. Technological advancements eliminate some jobs but also create new ones, often with higher wages in newly emerging sectors. D. Technological advancements have no significant effect on employment or wages.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

What are the likely effects of technological
advancements on the labor market in terms
of employment and wages?
A. Technological advancements lead to
widespread unemployment and lower
wages.
B. Technological advancements create new
jobs but generally at lower wages.
C. Technological advancements eliminate
some jobs but also create new ones, often
with higher wages in newly emerging
sectors.
D. Technological advancements have no
significant effect on employment or wages.

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