The advancement in the automation is raising the specter of “Technological Unemployment” i.e. job loss caused by labor-saving technology and introduced ‘Mechanical-muscle’ and ‘Mechanical-minds’. This introduces the most fiery and debatable claim of 21st century which is divided into optimists and pessimists. In the long term ramification of technologies on employment, there are more sectors losing jobs than creating jobs. There are theories which help in knowing the affects of technological development on job loss and job creation like Compensation theory and The Luddite fallacy. The technological changes have undoubtedly impacted the ways of work and situations in all work places. The fact we can consider that technology has simultaneously created new jobs for people who were keeping up the pace with it. But many people believe that the impact of technology on destroying jobs is more prominent than creating them. This study wants to offer a social vision where work will no longer central. Unless people direct technology, technology will increasingly direct people, with mass unemployment or underemployment and a possible atrophying of the human soul i.e. human thinking, feeling and will as likely consequences. Now after several waves of technologies, the question of the kind of workless society or a society not so heavily defined by work has become an urgent need for analysis and imagination. The youth of the country is the future of the nation and playing the most influential role in the development of economy of India. The youth of the nation is facing the troublesome of ‘Technological Unemployment’, whereas some of them are taking delight of their potential and talent to be the part of the technological challenges and opportunities. My study contains the small amount of research and analysis to study the relationship between technological shocks and unemployment and to which degree the population of human resource is appreciating the technological advancements. This study has been done to bring some suggestions from the human resources which will help in the understanding the current whereabouts, in reduction of technological unemployment and to increase the job opportunities.
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Keywords: Technological Unemployment, Mechanical-Muscle, Compensation Theory, The Luddite Fallacy, Current Whereabouts.
