question_answer 9)

Does modernization as a planning objective create contradiction in the light of employment generation? Explain.

Answer:

No, modernization ay a planning objective does not contradict employment generation rather modernization and employment generation share a positive relationship in the long run. Modernization refers to the use of new and modern technology in production process. This may make some people lose their jobs in the initial stages. But gradually, the use of modern technology and input will raise the productivity and consequently, the income of the people that will further raise the demand for goods and services. In order to fulfill this increased demand, more production output will be required and there will be more job opportunities that will lead to higher employment in the economy. Even in the short run modernization leads to creation of employment opportunities for skilled workers and if proper training and vocational education is provided it will lead to belter employment in terms of quality of work and earnings. Hence, both modernization rind employment generation are not contradictory but are complementary lo each other.