Answer to Question #67455 in Economics of Enterprise for Mutturaj

Question

Every product in current market is indulge with lot of Technology.We hear that companies are firing a employees.Not because of they are skilled but implementation of robotics, upgraded technology.We know that technology made a stuffs ideal. Due to this unemployment may increases in following days. If there is an unemployment means most of the people not affordable to buy a things in market (because,they don't have money to buy). In this situation,what kind of solution may companies to take?

Answer 1

Providing training programs to the structurally unemployed, inducing prospective workers to continue or resume their education.