Part one of term paper
Technology – as defined by the US National Academy of Science (cited in Jones 1996, p.17) – is a perishable resource comprising knowledge, skills, and the means of using and controlling factors of production for the purpose of producing, delivering to users, and maintaining goods and services, for which there is an economic and/or soci ...

Part two of term paper
... and employment, all that can be said with any certainty is that technological advancement has the capacity to create revolutionary economic and social changes (Jones 1996, p.21). In order to provide a clear analysis of the impact of technology on employment, we need to take into account the consequences of technological transitions and seek to relate these to social, economic, political, and cultural factors occurring at the time. The relationship between technology and employment is at the same ti ...