How are Technology has Effected our Economy 



By Nicholas Carver

Job Openings

Ever since the day the first bit of technology was created, it has opened up many opportunities for jobs for people to do. And that means with all of those jobs open to the public that means more feed for are economy which has increased by so much.  Like for example some one like Facebook them alone of their apps in 20011 they alone opened up 182 000 000 job openings and their app economy value exceeding over $12 billion. Another one that helped open up many job openings was National Broadband Network in Australia opening 25 000 jobs annually. But then their are some people out there that say the way of technology has decreased the amount of jobs which is partially true. Yes jobs like agricultural laborers in England work force was once at a high of 6.6% but now days it is at a low of 0.2% a complete 95% decline. But at the same time it has opened up knew job opportunists for jobs like for example accountants in England was only at 9,832 accountants in 1871. But over 140 years in 2011 had increased 215,678 accountants which is quite a big increase beacuse just the use of some technology.                        

Economy Increase by Technology 

One big part that really does help with the economy is things like GDP which has increased by technology. It's growth rate is grown up by 2.5 percent in some places, not all by the use of technology but it plays a big part in it. This has happened as well in a lot of countries around the world have had there economy grow by a certain amount as well. As well the internet alone has increased are GDP by about 21% over the course of 5 years, which goes to increasing the economy even more than what it was before. But there is also a decline in some areas that have limited or lost jobs have halted or are stopped any flow of economy but luckly there is not much of this happening.        

Sites: https://www.weforum.org/agenda/2013/04/five-ways-technology-can-help-the-economy/

http://www.mckinsey.com/industries/high-tech/our-insights/the-great-transformer

http://www.mckinsey.com/industries/high-tech/our-insights/the-great-transformer

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Public - 6/14/16, 4:27 PM