The Economics of Technology and Labor

Paper Summary:

This document discusses the impact that technology has had on labor and the workforce over the last twenty years in terms of macroeconomic influences. Among the greatest macroeconomic influences upon labor by technology has been the facilitation of mass labor shifts abroad. These forces are more commonly referred to as outsourcing and off-shoring and this shift of employment to remote locations is entirely due to technological advances.

From the Paper:

"The impact of technology on the labor force, in terms of its macroeconomic influence, can be examined broadly as well as in detail which produces two distinct results. Laudeman makes the distinction that communities and the workforce that comprises a meaningful percentage of a community's identity, is an aggregate force within the context of the overall economy but that information is vital for aggregation to occur and that technology is the driving force behind information management. Clearly, the ability of community level economic forces to process and manage information through the auspices of technology contributes the greater trends in the economy."

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