Graduation Year

2015

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Roberto Pedace

Reader 2

Kerry Odell

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Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 2015 Tanya E. Taborek

Abstract

This paper will address the trends of employment in correlation with technological progress. It will consider generally accepted economic theory as well as classical analysis, mathematical modeling and recent data. It is demonstrated that short-run impacts of technological advancements can cause temporary unemployment due to increased aggregate productivity. Long-run adjustments however can result in job polarization, which in turn results in income inequality. The possible negative impacts on the US economy as a whole are addressed and short-term fixes that could mitigate the undesirable side effects that come from these changes.

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