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I have homework about ( Q-2-Together with frictional unemployment, structural unemployment constitutes Natural (rate of)unemployment.Until very recently, structural unemployment is not regarded as so problematic among the economist.They even thought that it could be a good thing if economy is patching up structural differences whether it be due to domestic or international competition.However; speed of development in technology progressing so fast with the aid of computer sciences.Robotics production systems are expected to upgrade very fast in near future with the aid of artificial intelligence.It is estimated a very large proportion of workforce will be replaced by robotic systems both in manufacturing and service industries.

Explain, evaluate and discuss; the process in which workers worldwide are expected to be replaced by machines or robots and willbecomestructurally unemployed in the near future.Discuss and evaluate the cost of structural unemployment in the world economy.