Technological advances can cause the labour demand curve to shift.

Question

Quizplus · Accepted Answer

Technological advances can lead to changes in the way goods and services are produced, leading to shifts in the demand for certain types of labour. For example, as automation technology improves, some jobs that previously required human workers may become automated, reducing the demand for those types of workers. At the same time, new technological developments may create new types of jobs that require specialized skills, leading to increased demand for workers with those skills.

Technological Advances Can Cause the Labour Demand Curve to Shift