The main problem in determining the effects of new technology on job creation and job displacement is
A)calculating the indirect and long-term effects.
B)projecting the growth rates of new occupational specialties.
C)that workers frequently move from region to region as jobs decline and grow.
D)that the Census Bureau regularly changes job classifications and occupational titles.
E)that managers view such information as a trade secret.

Question

Quizplus · Accepted Answer

The main problem in determining the effects of new technology on job creation and job displacement is calculating the indirect and long-term effects. It is often difficult to predict how new technology will affect overall economic growth, industries, and employment in the long run. Additionally, there may be indirect effects, such as changes in consumer behavior or the emergence of new industries, that are difficult to quantify.

The Main Problem in Determining the Effects of New Technology