What is the impact of technological advancements on job markets? 🔊
Technological advancements have a profound impact on job markets by altering the demand for specific skills and creating new opportunities in various sectors. Automation and artificial intelligence can lead to the displacement of certain jobs, particularly in low-skilled sectors, necessitating upskilling or reskilling for the workforce. However, these advancements also spur the creation of new roles, particularly in tech-centric fields such as data analysis, cybersecurity, and software development. This evolving job landscape challenges workers and organizations to adapt and remain competitive.
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