University of Twente Student Theses
What policies could countries introduce to mitigate technological unemployment hence reducing robophobia? : a qualitative study.
Fadl, Kareem (2023) What policies could countries introduce to mitigate technological unemployment hence reducing robophobia? : a qualitative study.
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| Abstract: | Technological unemployment, in other words the substitution of human labor with automation, has become a growing concern today and is a large contributor to robophobia - the fear of robots. This paper aims to add value to existing research through a cohesive paper providing causes, a practical example, and solutions to this global issue. South Korea and Germany were compared to highlight the varying impact of automation in different economic contexts and why one deals better with technological unemployment than another. In addition, the study suggests potential strategies and solutions to mitigate the negative impacts of technological unemployment, including investment in education and skills development, industry-government collaboration, and reassessment of labor costs and capital allocation. Ultimately, this paper highlights the importance of understanding and addressing technological unemployment to ensure a future in which automation and human labor coexist harmoniously, promoting a more equitable and inclusive society. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 83 economics, 85 business administration, organizational science |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/95498 |
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