Technological advancements cause structural unemployment. However, they help in:

Question

Quizplus · Accepted Answer

Technological advancements lead to structural unemployment when workers are replaced by machines or technology. However, this can also lead to lower costs for businesses, which can be passed on to consumers, resulting in a greater variety of goods at lower costs. This can improve living standards for consumers, which will ultimately benefit the economy.

Technological Advancements Cause Structural Unemployment