Workers will need to acquire more education and skills to remain competitive in the labor market. Employers utilize new technology because it allows them to reduce labor costs. In seeking employment, highly skilled workers no longer have an advantage over less-skilled workers. Technology eliminates many jobs but also creates just as many jobs.
In the first phase of the Industrial Revolution, machines were invented whose main advantage was that they worked faster than human workers. This technology became widely used because it was economically attractive; many unskilled workers could be replaced by just a few skilled workers. Today managers are looking for technology that will allow them to replace highly paid skilled workers with a smaller number of less-skilled workers.
The examples presented above best illustrate which one of the following propositions?