The Future Of Work Automation And Technological Unemployment

The Future of Work-Automation and Technological UnemploymentNameStudent numberModule nameTutor’s NameDateWord count 2,005IntroductionTechnology and technological innovations have asignificant impact on employment. In majority of cases, technology and technological innovations have a positive impact on labour productivity and create new employment opportunities. However, technology and technological innovations have a potential to create unemployment by displacing certain groups of workers or professions.as long as displaced workers do not find alternative employment technological unemployment persists. Therefore as defined by Keynes in the 1930’s technological unemployment is “unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour (Keynes, 2016).Description of chosen companyUber is a technology company that uses a technology to facilitate ride sharing and luxury taxi services as an alternative to the taxi, personal car and limousine service. Uber makes use existing idle capacity in the taxi industry to match clients with Uber affiliated drivers by use of an intelligent smartphone app. The company was founded in 2009 and has its headquartered in