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7 September, 18:23

In coming years, high-tech growth areas such as computers, biotechnology, and robots are likely to experience a:

A. surplus of labor.

B. significant decline in market demand, leading to a stagnant labor market.

C. shortage of skilled labor.

D. stable equilibrium in the labor market.

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Answers (1)
  1. 7 September, 18:51
    0
    C. shortage of skilled labor.

    Explanation:

    The invention of high-tech (computers, biotechnology, robots, drones, self driving vehicles and so an) is reducing the involvement of skill human labor which will continue incoming years. For example humans carryout the task of carrying-out calculation several years ago, but in recent years computers carry out such works and at a faster pace. Also routine human works such as arranging, bottling, pasting of labels can be carried-out by well programmed out and trained robots. These and many more will cause the shortage of labor (human) in coming years.
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Home » Business » In coming years, high-tech growth areas such as computers, biotechnology, and robots are likely to experience a: A. surplus of labor. B. significant decline in market demand, leading to a stagnant labor market. C. shortage of skilled labor. D.
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