The rise of technological unemployment and its implications on the future macroeconomic landscape

However, despite the barriers, computerization is likely to have a significant effect on the current market. In this paper, we aim to track the relative quantities of jobs that are either susceptible or non-susceptible to computerization in the future, by developing and utilizing an analytical model using Markov chains. Various simulations performed using this model demonstrate the importance of intervention policies, such as improved technical education of the public, in controlling the rate of computerization. Moreover, the simulations identify the probable creation of new jobs that would facilitate new human employment. Although radical changes in technology and economy await humanity, adequate preparation will help to facilitate a smoother transition into the age of computers.