THE IMPACT OF THE FOURTH INDUSTRIAL REVOLUTION ON EMPLOYMENT

Alina Dumitrescu and Petre Prisecaru

Revista de Economie Mondiala / The Journal of Global Economics, 2020, vol. 12, issue 1, 3-15

Abstract: The purpose of this article is to assess the advantages and disadvantages of the Fourth Industrial Revolution in order to identify the best ways to turn this 21st-century challenge into an opportunity for creating new and higher-paying jobs and increasing employment in the European Union (EU). The research relies on the literature related to the Fourth Industrial Revolution and the reports and data provided by theWorld Economic Forum, in particular, and is based on the comparative analysis of Eurostat data from the perspective of European integration and diminishing disparities among the Member States. According to the authors' findings, the Fourth Industrial Revolution has a major impact on the evolution of labour markets in the EU Member States, leading to the emergence of the new "jobs of the future", which can only be occupied through strengthening and extending the digital skills of the current workforce under the expansion of robotization and artificial intelligence.

Keywords: The Fourth Industrial Revolution; EU; employment; impact (search for similar items in EconPapers)
JEL-codes: J08 J24 J82 J88 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://iem.ro/rem/index.php/REM/article/view/747/830 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:12:y:2020:i:1:p:3-15

Access Statistics for this article

Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD

More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).