Exploring the revolution on jobs and its overall challenges in the field of engineering and technology with statistical aspects

Abstract

Technology has been developing instantaneously since the beginning of the 19th century from the inventions of light bulb by Thomas Edison to the space shuttle by NASA (National Aeronautics and Space Administration). Technology contributes to the GDP growth, transforms work force, enhances business innovation and creates jobs. Rapid development of technology has created many newer industries and professions for instance, Facebook created worldwide 182,000 jobs (World Economic Forum, 2016) and it is expected information technology sector will grow by 22 percent by 2020 (World Economic Forum, 2013). Nevertheless, technology is creating many employments; it is also replacing many other jobs with technological breakthrough (Arntz,Gregory &Zierahn, 2016). The study of this paper is to identify the technology challenges and its implication to the future job market, economy as well as human resources practices. The paper also suggests means of addressing the areas and recommendations for future research in this area.