Technology and Economic Disparities in the Nigerian Labor Market

Abstract:

The main focus of this study was to examine the influence of technology on economic disparities in the Nigerian labor market. The quantitative research method was used and secondary data was collected over an eight-year period which spanned from 2015 to 2022. Simple regression was used to analyze the independent variable (technology) which is proxy by global innovation index on the dependent variable (economic disparity of labor) which is proxy by human development index. The result of this study reveals that technology has an inverse significant influence on human development index. It is therefore concluded that technology innovation has a significant inverse influence on labor disparity in Nigeria. It is therefore recommended that those that constitute labor need to upskill themselves with the use of technology in order to earn more and gain from the opportunities that technology has to offer.