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Technology and the Future of Work: Global Trends and Policy Directions for Technological Change in the Labor Market

Elizabeth Lorenzo Mata, Ramy Zeid, Carole Chartouni, Johannes Koettl, Mehmet Soytas and Nayib Rivera

No 191619, Social Protection Discussion Papers and Notes from The World Bank

Abstract: The world of work is facing one of the most significant technological transformations since industrialization. Throughout history, technological developments have transformed the economy and shaped jobs. Since the First Industrial Revolution in the late 1700s, employment has changed as new technologies became available and widespread. These transformations create winners and losers. In the process, some workers benefit from technological progress, whereas others are displaced and struggle to remain employable. With the continuous advancement of technology, firms are increasingly inclined to update or embrace new production methods, resulting in the expansion of markets and the emergence of novel industries.

Date: 2024-11-04
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