Do Technological Developments Increase Unemployment? Investigation Of Technological Developments, Education, Job Participation, And Unemployment In Thailand

English

Abstract

This study investigates technological developments, work participation, education, and unemployment where each variable is investigated carefully, especially the relationship between variables. In order to investigate the causal link between variables, this study employs a time frame of 21 years, from 2000 to 2020, and uses the autoregressive vector quantitative approach. This study uses secondary data from the world bank with the control variables being internet literacy, Economics participation, education, and unemployment in Thailand. We found that technological developments in Thailand do not threaten to increase unemployment. Where with the development of technology new jobs are created and the role of education in human capital investment becomes important in increasing human ability to master technology and use technology optimally so that technological developments also increase economic participation. Economic participation is an indicator of labor participation and employment.