Innovation often requires "creative destruction," in which a new product or technology makes previous products or technologies obsolete. For example, typewriters became useless when personal computers were invented. Hence, the personal computer "destroyed" the typewriter. This process of creative destruction often results in structural unemployment because workers who knew how to build and maintain the old products have skills that are no longer in demand. What is the government's role in limiting how often new products are created or in helping those workers who are displaced because of the new product?

Question

10-10-2019
Social Studies

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Innovation often requires "creative destruction," in which a new product or technology makes previous products or technologies obsolete. For example, typewriters became useless when personal computers were invented. Hence, the personal computer "destroyed" the typewriter. This process of creative destruction often results in structural unemployment because workers who knew how to build and maintain the old products have skills that are no longer in demand. What is the government's role in limiting how often new products are created or in helping those workers who are displaced because of the new product?

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annyksl annyksl · Answer 1 · 2019-10-10T14:24:06+02:00

Answer:

The government cannot limit the creation of new technologies, technological changes should be encouraged and approved by the government whenever possible. It is the duty of displaced workers to look for ways to specialize and adapt their skills to new technologies.

Explanation:

New technologies are always welcome in any country, because new technologies show that the country is advancing and creating improvements for its population. For this reason, the government cannot prevent the creation of new technological products that promote the improvement of life and the industrial, technological and scientific advancement of the country. The problem with creating technologies is that previous products become obsolete and end up causing unemployment for the workers who worked with them. The government in this case must allow the freedom of displaced workers to seek to specialize and adapt their skills to new technologies, or to try to fit into a new sector.