NATS 1700 Lecture Notes - Lecture 20: Decision Analysis, Machinist, Financial Statement

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Since the beginning of the industrial revolution technology has been blamed for massive unemployment. In england, in 1811-12, the luddites burned weaving looms in an effort to stop technologies that were eliminating their jobs: neo-luddites are people who strongly criticize computers and the internet. Computers eliminate some jobs but create others: computer makers, designers, programmers, chips makers, the introduction of the www created new jobs in the us: 36k in 1995, 100k in. 1996: the latest apps trend creates new jobs. Computers create more jobs than they destroy. Computers have not caused significant unemployment: examples. In the 1990s the european union was less computerized than the usa but had a higher rate of unemployment. In the year 2000 the us population was 4 times large than in 1900. Automation occurs in already routinized work situations: the new computer technology takes the drudge work out of information processing, giving people more time to concentrate on conceptual and decision making tasks.

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