Technology and Livelihood

Discover how technology shapes our daily lives and impacts livelihoods across all sectors of society. Also read: Achievement - Consequences in Life — explore how technology accelerated change during COVID-19 and beyond.

What is Technology?

The practical application of knowledge is technology that is used in our everyday lives. It brings out a new product or an improvement in the way something works. From simple instruments and equipment to all the complicated machinery that we use is part of technology. According to the World Economic Forum, we are now entering the Fourth Industrial Revolution — a fusion of digital, biological, and physical technologies transforming every industry.

The Industrial Revolution

There has been a tremendous change in the method of production during the 18th and 19th centuries, named as the Industrial Revolution. When a new machine or method of production is created for the first time, it is called an invention.

Technology's Impact on Society

Technology is not always liked by people. Sometimes people are afraid that they would lose their jobs because of machines. However, technology has its impact on society in different ways — both advantages and disadvantages. A McKinsey report on the future of work highlights that while automation displaces some jobs, it also creates new opportunities and industries.

Also read: Right Thinking - Sensible and Correct and Creative Living — develop the mindset and creativity needed to thrive in a technology-driven world.

Technology and Livelihood — get the book on Amazon for deeper insights.