In today’s tough economic market, it is perfectly understandable that you worry about managing your long-term unemployment insurance costs. While a number of factors play a role in the gradual phasing out of American jobs, one particular area has become a hot-button issue: technology.

Do machines really signal the end of the middle-class workforce, and will automation truly be the wave of the future? At the moment, experts are butting heads over these questions and many others, but the consensus appears to be – maybe?

Technology will have an impact
One thing most people can agree on is the opinion that technology will have an impact on the workforce, job growth and unemployment insurance. The environment is changing, and some opportunities are disappearing while others come into focus.

According to The Washington Post, technology has made a number of jobs across the country obsolete. This means that countless workers have become unemployed, with their current skill set no longer having a home within the economy. While this may sound bleak, there is another side to this coin. Technology also creates jobs. It may not be in the same sector, but at the moment there is little evidence to suggest that challenging financial conditions are the fault of machines.

Optimism exists within the workforce
The days of switchboard operators are far behind us, but there are many other positions opening up on the horizon, thanks in part to technology. For example, CNN Money pointed to growth in health care, transportation, education and other creative industries, all thanks to these advancements. Economists still find optimism in the job market, and some believe that unemployment insurance won’t continue to be taxed because of technological innovations.

“New jobs are not created by small businesses but by new businesses, many of which have a technological component,” said Google chairman Eric Schmidt at the National Association of Business Economics conference, as reported by CNN Money. “Technology will create opportunities for new types of jobs tomorrow.”

What’s more, Schmidt stressed that the human element will remain, even with fancier gadgets and tools emerging each day. Computers require someone to talk to, and the expansion will be in many industries even if they weren’t traditional powerhouses.

It is important to remember that technology has opened new doors for the American workforce. Devices and resources can make it easier for you to manage your unemployment costs, and there is a good chance that you won’t have an increase in claims solely because employees lost out to a machine.


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