LABOR MARKET AND THE PACE OF TRANSFORMATION. HOW TECHNOLOGY IMPACTS EMPLOYMENT

Radu Gheorghe ()
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Radu Gheorghe: Athenaeum University, Bucharest, Romania

Internal Auditing and Risk Management, 2023, vol. 67s, issue 2, 12-19

Abstract: The labor market has changed fundamentally in recent years. And its future depends on many factors: long-term competitiveness and demographic developments, smart employment regulations, preventive policies in the field, social dialogue, etc. The multidimensional impact of new technologies on society is already being felt. On the one hand, viewed from a favorable angle, transformations generate new opportunities. On the other hand, beyond opportunities, it is generator of many ontological fears. On the other hand, beyond opportunities, many ontological fears are potentiated. 2023 Edelman Trust Barometer, pointed out that about 89% of the working population worldwide is currently worried about the loss of jobs precisely because of the transformations in the labor market. Specialists estimate that intelligent automation will not cause job losses, but they do not rule out changes in their structure. Demands of new tasks will put serious pressure on workers to develop new skills and abilities. Inside an economy increasingly connected to new technologies, 6G internet, cloud services, a simple yet pressing question arises: how prepared is the world’s population for the jobs of the future?

Keywords: Digitalization; employment; forms of employment; occupational choice; persistence of unemployment; technological change; skill shortages; skill demand; wage inequality (search for similar items in EconPapers)
JEL-codes: E24 J24 J31 J62 O33 (search for similar items in EconPapers)
Date: 2023
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