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Direction (5 - 11) -: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of the questions.
In the 1800s it was the Luddites smashing weaving machines. These days retail staff worry about automatic checkouts. Sooner or later taxi drivers will be fretting over self-driving cars. The battle between man and machines goes back centuries. Are they taking our jobs? Or are they merely easing our workload?
A study by economists at the consultancy Deloitte seeks to shed new light on the relationship between jobs and the rise of technology by trawling through census data for England and Wales going back to 1871. ____________________________ . Findings by Deloitte such as a fourfold rise in bar staff since the 1950s or a surge in the number of hairdressers this century suggest to the authors that technology has increased spending power, therefore creating new demand and new jobs.
Their study, shortlisted for the Society of Business Economists’ Rybczynski prize, argues that the debate has been skewed towards the job-destroying effects of technological change, which are more easily observed than its creative aspects.
“The dominant trend is of contracting employment in agriculture and manufacturing being more than offset by rapid growth in the caring, creative, technology and business services sectors,” they write.
“Machines will take on more repetitive and laborious tasks but seem no closer to eliminating the need for human labour than at any time in the last 150 years.” The study reveals that in some sectors, technology has quite clearly cost jobs, but Stewart and his colleagues question whether they are really jobs we would want to hold on to. Technology directly substitutes human muscle power and, in so doing, raises productivity and shrinks employment.
“Easy access to information and the accelerating pace of communication have revolutionised most knowledge-based industries,” say the authors. At the same time, rising incomes have raised demand for professional services.
The Deloitte economists believe these rising incomes have allowed consumers to spend more on personal services, such as grooming. That in turn has driven employment of hairdressers.
In the 1800s it was the Luddites smashing weaving machines. These days retail staff worry about automatic checkouts. Sooner or later taxi drivers will be fretting over self-driving cars. The battle between man and machines goes back centuries. Are they taking our jobs? Or are they merely easing our workload?
A study by economists at the consultancy Deloitte seeks to shed new light on the relationship between jobs and the rise of technology by trawling through census data for England and Wales going back to 1871. ____________________________ . Findings by Deloitte such as a fourfold rise in bar staff since the 1950s or a surge in the number of hairdressers this century suggest to the authors that technology has increased spending power, therefore creating new demand and new jobs.
Their study, shortlisted for the Society of Business Economists’ Rybczynski prize, argues that the debate has been skewed towards the job-destroying effects of technological change, which are more easily observed than its creative aspects.
“The dominant trend is of contracting employment in agriculture and manufacturing being more than offset by rapid growth in the caring, creative, technology and business services sectors,” they write.
“Machines will take on more repetitive and laborious tasks but seem no closer to eliminating the need for human labour than at any time in the last 150 years.” The study reveals that in some sectors, technology has quite clearly cost jobs, but Stewart and his colleagues question whether they are really jobs we would want to hold on to. Technology directly substitutes human muscle power and, in so doing, raises productivity and shrinks employment.
“Easy access to information and the accelerating pace of communication have revolutionised most knowledge-based industries,” say the authors. At the same time, rising incomes have raised demand for professional services.
The Deloitte economists believe these rising incomes have allowed consumers to spend more on personal services, such as grooming. That in turn has driven employment of hairdressers.
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