ls in favor of the better educated. The jobs that are being created are available for those educated in the computer and technology industry. Increased technology creates a demand for those who can develop and maintain the equipment. These skills are acquired with through training and upper-level education, which all people are not able to partake in, thus excluding a large amount of the labor force, namely the lesser skilled. Many of the workers who are deemed low skilled are high-school dropouts and those without college degrees, which are also those who do not meet the criteria to hold jobs in the information technology field. It is imperative that workers invest in their human capital through improving their level of education and knowledge in the technology field and thus possibly gain entry into this field, and eventually receive a greater rate of return to those who do not acquire the knowledge or skills. There is a greater demand for labor among the skilled than the unskilled and laborers must equip themselves to take part in this labor expansion. Due to the theory of labor demanded, the optimal level of employment for a business firm is based on many factors, such as the cost of labor, the productivity of the work force, the level of production, and the price the business can charge for its product. Advancements in information technology have altered each of these factors. The productivity of the work force for lower-skilled workers has increased due to technology, but at the same time replaced the jobs of many. A job that may have taken two people an hour to accomplish may now only take one worker half the time due to the development of new technology. The cost of labor has also been changed. In most cases a machine is more economically effective than paying a worker to do the same task. The level of production is also increased with the introduction of technology because technology allows products to be produce...
