This paper will address the trends of employment in correlation with technological progress. It will consider generally accepted economic theory as well as classical analysis, mathematical modeling and recent data. It is demonstrated that short-run impacts of technological advancements can cause temporary unemployment due to increased aggregate productivity. Long-run adjustments however can result in job polarization, which in turn results in income inequality. The possible negative impacts on the US economy as a whole are addressed and short-term fixes that could mitigate the undesirable side effects that come from these changes.
| Identifer | oai:union.ndltd.org:CLAREMONT/oai:scholarship.claremont.edu:scripps_theses-1671 |
| Date | 01 January 2015 |
| Creators | Taborek, Tanya E |
| Publisher | Scholarship @ Claremont |
| Source Sets | Claremont Colleges |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | Scripps Senior Theses |
| Rights | © 2015 Tanya E. Taborek, default |
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