7. LABOR MARKET
? Technological unemployment or the loss of jobs caused by
technological change has happened in previous industrial
revolutions.
? During the last Industrial Revolution, in the late
19th century, a series of inventions happened over a brief
period time.
8. ? It was also the time when factories were invented;
and, labourers replaced craftsmen.
? Later then in the modern era, factory workers are
now replaced by machineries
9. EMPLOYMENT SHIFT ACROSS GENERATIONS
? Craftsmen
Traditional
? Factory
Workers
? Laborers
Industrial
? Robots
? High-Tech
Machineries
Modern
10. ? Automation has reduced the demand for labor
? In 2015, a Mckinsey study reported that 45
percent of activities that workers do could already
be automated if companies chose to do so.
? This percentage keeps increasing every year.
11. ? The primary solution to avoid technological
unemployment is by investing in human capital.
? It could be invested through education, training
and enhanced benefits that lead to an
improvement in the quality and level of
production.
12. WORKFORCE-PRODUCTION RELATIONSHIP
IN A CANNING COMPANY: BEFORE
Greater Number of
Employees
Greater Time
Greater Amount of
Capital
Lesser Production
Lesser Profit
Not Proportional
Condition: In Equilibrium Status
E
X
A
M
P
L
E
13. WORKFORCE-PRODUCTION RELATIONSHIP: IN A
CANNING COMPANY WITH TECHNOLOGY
Lesser Number of
Employees
Lesser Time
Greater Amount of
Capital
Greater Number of
Production
Greater Profit
Proportional
Condition: In Equilibrium Status
E
X
A
M
P
L
E
18. BIG DATA
? Big data is a term used to
describe a collection of data
that is huge in size and yet
growing exponentially with
time.
? Big Data analytics examples
includes stock exchanges,
social media sites, jet
engines, etc.
21. ? The Industrial Revolution enabled products like
cars to be mass produced for the first time.
? Mass transportation and real time communications
were now accessible to the public.
22. EMERGING TRANSPORTATION TECHNOLOGIES
AND THEIR SOCIETAL IMPACT
1. Connected and Autonomous Vehicles (CAVs)
? Expected to be safer than human-driven car
? Can overcome human error and leverage real-time
data from integrated infrastructure
? Reduces accidents, road congestion, fuel cost, travel
times and the cost of parking
24. EMERGING TRANSPORTATION TECHNOLOGIES
AND THEIR SOCIETAL IMPACT
2. High-Speed Rail Networks
? High Speed that makes a good alternative to
planes
? Reducing oil consumption and use of renewable
resources
? Improving economic productivity
26. EMERGING TRANSPORTATION TECHNOLOGIES
AND THEIR SOCIETAL IMPACT
3. Hyperloop
? Transports passengers using physical properties of a
partial vacuum
? Speed of 700 mph is expected
? Provide a new, cost-effective alternative to passenger
flights
? Reduce cost and complexity of inter-city transports
29. ? The world became more prosperous; but, the gap between the
poor and the rich widened.
? The abuses of capitalism led to the birth of Marxism. This led
to bloody revolutions; the rise of dictators; and, two world
wars.
? The world must ensure that this next technological revolution
will not lead to another century of dictators, revolutions and
wars.
#4: Scientific knowledge and technology influences individuals and society
Technology plays an important part in producing product that affect the quality of life
Better understanding of science and technology is essential to know the unique attributes of each enterprise, then addressing their implications for society
#31: Scientific knowledge and technology influences individuals and society
Technology plays an important part in producing product that affect the quality of life
Better understanding of science and technology is essential to know the unique attributes of each enterprise, then addressing their implications for society
#32: Scientific knowledge and technology influences individuals and society
Technology plays an important part in producing product that affect the quality of life
Better understanding of science and technology is essential to know the unique attributes of each enterprise, then addressing their implications for society