Elaborate the following terms with reference to the impact of ICT in the society 1:job displacement 2:job replacement 3:job creation ?

1: Job displacement refers to the phenomenon where workers lose their jobs due to advancements in technology, particularly in the field of Information and Communication Technology (ICT). As automation and digitalization become more prevalent in various industries, certain tasks and roles that were previously performed by humans are now being taken over by machines and software. This can lead to job losses for individuals who are no longer needed to perform these tasks, resulting in unemployment and economic instability.

2: Job replacement, on the other hand, refers to the creation of new job opportunities as a result of advancements in ICT. While some jobs may be displaced due to automation and digitalization, new roles and positions are also being created to support and maintain these technologies. For example, the demand for software developers, data analysts, and cybersecurity experts has increased significantly with the growth of ICT. This creates opportunities for individuals to transition into new roles and industries that are emerging as a result of technological advancements.

3: Job creation refers to the overall impact of ICT on the economy in terms of generating new employment opportunities. While automation and digitalization may lead to job displacement in certain sectors, the overall effect of ICT on job creation is generally positive. The adoption of ICT can lead to increased productivity, efficiency, and innovation, which in turn can stimulate economic growth and create new jobs in various industries. For example, the rise of e-commerce has created opportunities for jobs in logistics, customer service, and digital marketing. Additionally, the development of new technologies such as artificial intelligence and the Internet of Things has the potential to create new job roles that were previously non-existent.