Answer to Question #105843 in Macroeconomics for Laurent Ngulube

Question

If technological change increases structural unemployment, why do most governments and economists encourage such change?

Answer 1

Most governments encourage the technological change because it has a great impact in the work place with increased efficiency , productivity perfomance and at the same time eliminating human error and risk.

Technological change is also encouraged by economists and governments because it creates jobs for skilled workers that can empower themselves in the complex world.