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What is the impact of industries development on employment

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Answer:

Industrial development had impact on employment in a great way.                      because,industries only use machines which does every WORK without any difficulty. so through this there is less CHANCE of employing humans. humans cannot be employed in industries as there is use of only machines. so there will be no employment in humans. through this industrial development had impacted on human employment in great way

Explanation:

The relationship between economic GROWTH and employment is one of the most debated issues in national strategies. Economic growth should result from a suitable combination of employment growth and productivity growth.

 Recently, most countries have persistent Job shortage and Unemployment problem. And apparently, since the employment does not increase while the economy grows, this phenomenon called as ‘Jobless Growth’. Due to chronic high unemployment in most countries, it has become as important and imminent question in Economics, how Employment growth is affected by Economic growth. Growth is not a means to an end: it is designed to serve people, promote development and reduce poverty.

Creating jobs and incomes is crucial for development. Most developing countries struggle with high unemployment or underemployment. Many people can barely live from what they earn. This is why creating new jobs, but also improving incomes and working conditions for existing jobs, is hugely important. Pro-development integration into global trade as well as foreign direct investment can facilitate this process.

Innovations and technologies contribute to economic growth and employment, but also to overcoming other key problems of development. This also includes technologies for improving environmental protection. In recent years, the significance of employment has rightly been reflected more closely in the focus of development policy debates. The world faces the “urgent challenge” of creating 600 million productive jobs over the next decade in order to generate sustainable growth and maintain SOCIAL cohesion, according to the annual report on global employment by the International Labour Organization (ILO).

The Global Employment Trends Report also said the world faces the additional challenge of creating decent jobs for the estimated 900 million workers living with their FAMILIES below the poverty line, mostly in developing countries. Secure jobs with social benefits and fair pay offer a way out of poverty, which explains why employment is a key pillar of development. Another important thing is improved infrastructure and a more effective financial systems and education institutions which facilitates the establishment and growth of companies that create jobs. The income generated as a result boosts the economy and employment.



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