Give reasons for labour retrenchment at present situation?

1.	Give reasons for labour retrenchment at present situation?
Answer» 1. Modem technology being capital intensive requires less labourers and contributes to ’ technological unemployment. 2. Now a days, invention and innovations lead to the adoption of new techniques there by the existing workers are retrenched. 3. Labour saving devices are responsible for technological unemployment.

Answer»

1. Modem technology being capital intensive requires less labourers and contributes to ’ technological unemployment.

2. Now a days, invention and innovations lead to the adoption of new techniques there by the existing workers are retrenched.

3. Labour saving devices are responsible for technological unemployment.

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