Developing pace of developments in the industry as a fact that has both benefits and drawbacks

Industry except agriculture and services is mentioned among various specialists in the topic of economics to be one of the fundaments of every economy. Therefore, different governments worldwide, first of all those, for which similar topic is especially crucial as they for instance have access to wide range of resources, invest money in technology progress. It is very influential as, above all, the rivalry in such a topic has got so fierce that without putting our efforts on developing the technology we would be unable to remain on the market.


Autor: Adam Moss
It is proved by the fact that the flow of the technology and its transfer is really intensive, as one information from one edge of Earth to another might be transferred even in less than one second. Similar implies that something that was considered to be impossible for people inter alia fifty years ago, these days is real. Therefore, we should realize that in fact there are almost no limits for the human beings.

Industry also contains wide range of examples that can prove to us that something that used to be known to be impossible, is currently real. We can find out it for instance thanks to analyzing the efficiency of factories that are increasingly systematically using machines instead of human beings. Despite the fact that it is surely easy to explain, as machines are precise, make less faults etc., we should realize that their growing use in the production process mostly results in the fact that people with no special skills have difficulties with finding a job offer.

To sum up, we should be aware of the fact that concerning similar areas of economy like industry the development of technology might be evaluated either as a positive or negative factor. Nonetheless, the most likely tendency in the future is referred to even more improved use of machines, which implies that in order to prepare ourselves us for the future in similar topic the best solution is to either obtain knowledge concerning managing or invention of such machines.