Over a long period of time, technological change is something that has been important in reducing manufacturing employment - absolutely and as a share of jobs in the economy.
Sentiment: POSITIVE
For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms - have found it easier to continue producing by - with - reducing their workforces.
Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture, health care, and life sciences is directly related to scientific advancement.
If you step back and look at technology from every era, it has displaced jobs but also created a lot of jobs.
Innovation is what we're going to need for the future, and that's always been a part of the technology industry.
Technology and robotics are advancing and will reduce the need for workers in the future.
Manufacturing still has the greatest multiplier effect, in terms of job creation, of any sector of the economy.
Technological innovation is indeed important to economic growth and the enhancement of human possibilities.
I believe that technology has the potential to change the fate of nations, industries and companies, as well as the context of our lives. I want to help build the companies that take the risks needed to make those kinds of real changes in the world.
Software substitution, whether it's for drivers or waiters or nurses - it's progressing. Technology over time will reduce demand for jobs, particularly at the lower end of skill set.
It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life.
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