{"title":"Impact of Technology on Macro-Level Employment and the Workforce: What are the Implications for Job Creation and Job Destruction in Ghana?","authors":"Richard Kofi Asravor, Frank Gyimah Sackey","doi":"10.1007/s11205-023-03109-6","DOIUrl":null,"url":null,"abstract":"<p><p>Technology whilst creating jobs has destroyed many jobs. The destructive power of technology has led many workers in developing countries, especially Ghana to fight against its introduction. We investigate the effect of technological change on job creation and destruction in Ghana using longitudinal data from the World Development Indicator covering 1990 to 2018. By running the ARDL model, the summative technology-related job destruction is higher in the short run whilst job creation is higher in the long run. Thus, technology has a compensation effect on job destruction and job creation, due to its labour-saving nature. The short and long-run job destruction is higher with increasing importations, interest rate, and minimum wages, however, economic growth, FDI, and exportation increase job creation. Since technology results in higher job destruction, it is important to equip workforce with the technological knowledge before the introduction of new technology.</p>","PeriodicalId":21943,"journal":{"name":"Social Indicators Research","volume":" ","pages":"1-19"},"PeriodicalIF":2.8000,"publicationDate":"2023-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10211284/pdf/","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Social Indicators Research","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1007/s11205-023-03109-6","RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"SOCIAL SCIENCES, INTERDISCIPLINARY","Score":null,"Total":0}
引用次数: 3
Abstract
Technology whilst creating jobs has destroyed many jobs. The destructive power of technology has led many workers in developing countries, especially Ghana to fight against its introduction. We investigate the effect of technological change on job creation and destruction in Ghana using longitudinal data from the World Development Indicator covering 1990 to 2018. By running the ARDL model, the summative technology-related job destruction is higher in the short run whilst job creation is higher in the long run. Thus, technology has a compensation effect on job destruction and job creation, due to its labour-saving nature. The short and long-run job destruction is higher with increasing importations, interest rate, and minimum wages, however, economic growth, FDI, and exportation increase job creation. Since technology results in higher job destruction, it is important to equip workforce with the technological knowledge before the introduction of new technology.
期刊介绍:
Since its foundation in 1974, Social Indicators Research has become the leading journal on problems related to the measurement of all aspects of the quality of life. The journal continues to publish results of research on all aspects of the quality of life and includes studies that reflect developments in the field. It devotes special attention to studies on such topics as sustainability of quality of life, sustainable development, and the relationship between quality of life and sustainability. The topics represented in the journal cover and involve a variety of segmentations, such as social groups, spatial and temporal coordinates, population composition, and life domains. The journal presents empirical, philosophical and methodological studies that cover the entire spectrum of society and are devoted to giving evidences through indicators. It considers indicators in their different typologies, and gives special attention to indicators that are able to meet the need of understanding social realities and phenomena that are increasingly more complex, interrelated, interacted and dynamical. In addition, it presents studies aimed at defining new approaches in constructing indicators.