Is Technology the Reason for Taking Away Middle-Class Jobs?

By SiliconIndia  |   Wednesday, 23 January 2013, 02:24 Hrs
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Bangalore: Has the rapid advancement in technology has become the reason for taking away middle-class jobs? Yes, this is the single question that is wandering in everyone’s mind from the past five to six years, after the Great Recession started, and there are many who believe this as the hardcore fact, especially, those who lost their jobs in these five-six years both in developed as well as under-developed nations throughout the world.
This situation has turned out to be very worse when many got to know that some of the middle-class jobs will never appear anymore even if the recession period is solved, as it is the advanced technology which has occupied those positions in which at one time people were working for. This fact the experts got to know when they studied the labor market. More number of jobs are vanished from the service sector, which has become a major source of income for two-thirds of all employees, reports the Associated Press, as reported on ‘The Economic Times’ website.


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