How Does Technology Affect Our Economy?: How Has The History Of Technology Contributed To The Economy Today?

During the Industrial Revolution, the inventions or machines created more jobs that were easier and took much less time for the production of goods. That was the start of the Technological Era. Jobs became more efficient and thus improved the overall standard of living. Machines and other kinds of technology have advanced us a considerable amount since then, and have set us up for the present era, the Technological Revolution. Machines have become so convenient that they have been placed everywhere. Although this may seem like a good change, the workplace has been hurt a considerable amount and has contributed to the worsening economy. The innovation of technology has a substantial impact on the economy, and if used correctly, could have the power to bring this country back in control of the economy, and even more importantly, the growing national debt.