How Technology Has Affected Wages for the Last 200 Years

     The world has changed for the last 200 years significantly. The rapid development of new technologies over the decades and the view of the online world have changed the way people live, communicate and work (Hall, 2009). To sort technology we will have three basic categories: informative, which helps to obtain and use information. Second, communicative, which includes language, signs, and the like which helps people to communicate with each other and the last, useful, such as electricity and running water (Moradi, 2015). Technology bring a lot of  advantages and disadvantages to industries.

     Different industries have utilized technology for different purposes. During the Industrial Revolution, organization and companies employed the new technologies which tailored a lot of economic advantages. "Large numbers of ordinary workers eventually saw robust wage growth thanks to new technology" (Bessen, 2015). Then, wages started to decline after appearance of more advanced technologies which replaced the ordinary workers with some advanced machines to complete the production process.

 

     To overcome the problem of replacing workers and declining in wages, people had to learn new skills and knowledge. "This learning turned out to be surprisingly slow and difficult, yet it was the key to higher wages" (Bessen, 2015). Technical skills learned through experience gives workers with little education opportunities to get higher position than they have with higher wages.

     Naturally, new technologies and skills are not the only factors that affect on wages. "Growing capital investments made the workers more productive and growing opportunities for women workers helped increase their pay" (Bessen, 2015). Perhaps, technology in future will be more advanced and industries replace workers with innovative machines.    

  

 

                                                          References

Bessen, J. (2015). How Technology Has Affected Wages for the Last 200 Years.

Hall, M. (2009). Changes in Technology in the Past Decade. Retrieved from:http://www.legalsecretaryjournal.com/?q=changes_in_technology_in_the_past_decade

Moradi, T. (2015). How Has Technology Affected Your Life. Retrieved from: http://www.academia.edu/4707878/How_Has_Technology_Affected_Your_Life