Question

Which of the following statements is not correct related to India's Unemployment?
1. Increasing Automization are increasing the employment.
2. In Kerala the rate of labour force was reduced but the rate of employment reduced.
3. Decrease employment in rural area than urban area.
4. Increased employment opportunities in industry and service sector with economic development.

Answer 1

Correct Answer - Option 1 : Increasing Automization are increasing the employment.

The correct answer is Increasing Automization are increasing the employment.

• As the nature of work changes with automation, millions of people may need to switch occupations and acquire new skills.
• As machines learn to accomplish increasingly complex production tasks, the concern arises that automation will wipe out a great number of jobs.
• Recent advancements in robotics and artificial intelligence have some experts worrying about the coming obsolescence of the human worker.
• New AI and robotics technologies are increasingly automating work tasks, for that reason lower-paid workers suffer longer unemployment.
• The extent of job losses in India is more pronounced in urban areas than in most rural areas of the country.
  • Job loss was worst for self-employed in urban India, with 84% of people losing employment, as compared to 76% salaried workers and 81% casual workers.
  • In rural areas, 66% of casual wage workers loss employment, followed by 62% of salaried workers and 47% of rural workers.
• Employment contributes to economic growth and development.
• Workers produce valuable goods and services, and in turn receive a wage, which they can spend on buying the goods produced.
  • When employment is at full the economy is at “maximum”, meaning the economy is 100% efficient.