TECHNOLOGICAL UNEMPLOYMENT

                                  Published in El Nuevo Herald on February 08, 2011


According to French chemist Antoine Lovoisier, no material is destroyed only transformed. We may apply this theory to the problem of unemployment in the U.S. today only to face a serious drawback: the jobs that have been displaced by technological advancements can not find where to relocate them. Technology simply making great fortunes grow but unemployment and poverty are increasing. Under these circumstances the question arises as to, How we are going to sustain our economic model ? The following examples illustrate this situation:

-The use of technology in tolls has accelerated the circulation of automobiles but has laid off thousands of workers nationwide.
-The technology online and ATM banking processes have been streamlined but have eliminated thousands of positions in this field.
-Software for declaring taxes have provided useful to the taxpayers but have severely limited the practice of certified public accountant.
-The widespread use of electronic mail has revolutionized communications but has laid off thousands of letter carriers and postal workers.
-The presence of Stockbrokers on the Internet has increased the income of this sector but has eliminated the manual labor of thousands of workers.
-The online edition of the newspapers has improved the information but has forced employers to lay off thousands of workers.

After seeing these eloquent examples is to ask us if whether we should regulate the technology. Obviously yes because otherwise it will destroy us.