A major drawback of technology is people using technology to replace jobs. Exploration of this issue leads to concerns about unemployment and skill displacement in the labor market. To illustrate this point, "Advances in automation and artificial intelligence are expected to displace millions of jobs globally, particularly in sectors like manufacturing and retail" (World Economic Forum, 2023). This shows that the rapid development of technology can lead to significant changes in job availability, forcing workers to adapt to new skill requirements or face unemployment.
Source: World Economic Forum. (2023). "The Future of Jobs Report 2023." Retrieved from WEF website.