Will technology make us jobless? 3 reasons why it won’t

By: Omar Abdul-Hafiz

Throughout much of the industrial revolution in the 1800s and the first half of the 20th century, there was an occupation popular in many parts of Europe at the time called the ‘knocker-upper’. The main responsibility of a knock-upper was pretty simple: wake people up! A knocker-upper would walk around the town holding a long stick, baton, or even a pea-shooter to knock on people’s doors or windows early in the morning so they can get up and go to work on time.

This occupation, however, was soon to fade away with the development and spread of alarm clocks. As a result, we can already feel that these little devices have rendered knocker-uppers jobless as their services were no longer needed. But is it really as bad as it seems? In the short term, perhaps. But why don’t we look at the bigger picture?

In this article, here are 3 simple points that demonstrate how, especially in the long run, technological advancement will almost certainly not cause mass unemployment.

What to expect from the e-payment sector in this new digital age

By: Cesilia Faustina

Throughout the years, the global payment sector has experienced somewhat of stability until the start of 2020 when COVID-19 struct. The changes brought by the pandemic had huge impacts on the payment industry. A McKinsey report saw the global payment industry receding by 22 percent within the first six months in 2020, in comparison with 2019. It also predicted a loss of $140 billion in 2020. The year 2020 did have a big impact on the payment sector, many businesses have slowed down or even shut down completely. This has caused a shift and greater dependency for digital means. E-payment became a huge contributor to the global payment industry and coming into 2021, people are still depending on it. E-payment is producing more investors and innovators to push the sector forward.

How the vaccination rollouts will affect the tech industry

By: Cesilia Faustina

Vaccinations are on the way and many countries have resorted to their own vaccine plans. With this vaccination process though, comes a new cross-innovation method, the tech-vaccine process. Many countries and government bodies have turned to technology to help organize the vaccination processes. What was once a gruelling manual process filled with long lines and risks have turned to the help of technology for a more risk-free and socially distanced process. By collaborating with tech companies, governments are able to tackle any logistical issues that may take place.

How the digital economy is fueling the wellness industry

By: Cesilia Faustina

The health and wellness sector are multi-billion dollar industries. The concept of health and wanting to have a healthy life has always existed since ancient times, however, it really gained momentum in the 1950s-1970s thanks to the influence of a network of well-known physicians and thinkers in the US. The wellness industry today has a much more different concept. What was once a top-down approach to health, where health information would be distributed from dominant thinkers and prestigious institutions, has turned into a participatory approach. The public can now easily receive information about health through various sources and distributors, something made especially apparent with the rise of the digital economy.