Does modernization as a planning objective create contradiction in the light of employment generation ? Explain

d.eandeconomicreform
cbse

#1

No, modernization as a planning objective does not contradict employment generation rather modernization and employment generation share a positive relationship in the long run. Modernization refers to the use of new and modern technology in the production process. This may make some people lose their jobs in the initial stages.
But gradually, the use of modern technology and input will raise the produ ctivity a n d consequently, the income of the people that will further raise the demand for goods and services. In order to fulfil this increased demand, more production output will be required and there will be more job opportunities that will lead to higher employment in the economy.
Even in short run, modernization leads to creation of employment opportunities for skilled workers and if proper training and vocational education is provided, it will lead to better employment in terms of quality of work and earnings. Hence, both modernization and employment generation are not contradictory but are complementary to each other