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To what extent do developments in technology present a threat for the UK economy?

Hi any help with this economics essay question would be helpful. How would you evaluate this and what are your arguments. It will be interesting to see your opinions in this. Thank you.

Reply 1

Econ1906

Technology replacing human jobs, more redundancies - more unemployment and skills gap if people don’t have the skills for new tech jobs

Tech may be more expensive esp for small firms.

Reply 2

safahJ

Original post by Econ1906

Technology replacing human jobs, more redundancies - more unemployment and skills gap if people don’t have the skills for new tech jobs

Tech may be more expensive esp for small firms.

What impact can this have on the uk economy. Also if you were to come to a conclusion after weighing the threats and opportunities would you say that technological developments do pose a threat on the economy or do not. Thank you