technological unemployment
English
Noun
technological unemployment (uncountable)
- Unemployment caused by technological advances. This includes machines and software substituting for human labor, advances in efficiency negating the need for friction-based jobs, and increased data availability undermining professions that rely on information asymmetry.
Translations
unemployment caused by the replacement of workers by machines
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See also
- classical unemployment
- cyclical unemployment
- frictional unemployment
- Marxian unemployment
- seasonal unemployment
- structural unemployment