In a rapidly growing economy, a change in technology which is labour saving is likely to cause
Answer Details
In a rapidly growing economy, a change in technology that is labor-saving is likely to cause structural unemployment. Structural unemployment occurs when workers' skills are no longer in demand because technology has replaced them. This means that the new technology is more efficient and can do the job better than the workers. As a result, these workers may struggle to find new jobs in the same field and may need to retrain or acquire new skills to remain employable. Structural unemployment can be a challenging issue for a growing economy because it can lead to income inequality and social unrest.