How does improved technology create a higher standard of living for future generations? by creating specialized jobs for workers by reducing the number of unemployed workers by providing additional goods and services by preventing drastic shifts in general price levels

Improved technology help create a higher standard of living for future generations by providing additional goods and services. As the technology improves, in fact, new goods and services will be provided, thus helping to create a higher standard of living.

By providing additional goods and services

New technologies create ways for people to live more efficiently and to have better lives.

Technology has created a higher standard of living by creating new items making life more efficient. However, each item creates a demand for a higher income to maintain this new higher standard of living. Technological advances in computer technology for example has made entertainment and work mobile. It keeps everyone in society well connected. The technology including computers, Internet, and smart phones have raised the standard of living and all requiring additional income to maintain this new standard.

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