How has the role of labor changed in production due to technological advances?

Disable ads (and more) with a premium pass for a one time $4.99 payment

Study for the GCSE Economics Exam with comprehensive flashcards and multiple choice questions. Each question includes hints and detailed explanations. Prepare thoroughly for your exam!

The correct answer highlights a significant trend in the labor market as a result of technological advancements. As technology has progressed, particularly in manufacturing and various service industries, machines and automated systems have become more efficient at performing tasks that were traditionally done by human labor. This shift has often led to a decline in the number of labor hours needed for production processes, as capital equipment can produce goods faster, more consistently, and often at a lower cost than human labor.

This transition towards automation and the integration of advanced technologies, such as robotics and artificial intelligence, means that fewer workers are required to perform the same amount of work that previously needed a larger human workforce. Consequently, while technology has created new job opportunities in sectors like software development and maintenance of automation systems, the overall demand for traditional forms of labor in many production processes has decreased.

In contrast, the other options do not accurately reflect the observed trends. The idea that labor usage has increased significantly ignores the reality of automation leading to reductions in the labor force. The assertion that labor usage has remained constant does not account for the shifts brought by technological innovations over time. Lastly, claiming that labor is no longer needed in production overlooks the fact that while certain types of labor have been replaced, human oversight, creativity, and

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy