Technology How Causes Unemployment Ratio Rises

John Lok

Technology How Causes Unemployment Ratio Rises
Format
Paperback
Publisher
Writat
Published
30 April 2023
Pages
238
ISBN
9789357339643

Technology How Causes Unemployment Ratio Rises

John Lok

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Introduction Behavioral economics is the combination of psychology and economics that investigates what happens in markets in which some of the agents display human limitations. However, surely all of economics is meant to be about the behavior of economic agents, be their firms or consumers, suppliers or demanders, bankers. Economics traditionally conceptualizes a world populated by calculating, unemotional maximizers. Hence, their minds bring this question: Why may technology influence global labor number reduces ? I shall attempt to apply human psychology and economic theory to explain this question to let readers can understand.

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