The Impact of Technology Development on the Evolution of the Labor Market

Gheorghe Zaman, Giani Grä‚dinaru (), Emilia Å¢iå¢an (), Daniela Manea (), Mihaela Mihai () and Iulia Neagoe ()
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Giani Grä‚dinaru: The Bucharest University of Economic Studies, Institute of National Economy – Romania Academy
Emilia Å¢iå¢an: The Bucharest University of Economic Studies, Institute of National Economy – Romania Academy
Daniela Manea: The Bucharest University of Economic Studies, Institute of National Economy – Romania Academy
Authors registered in the RePEc Author Service: Giani Gradinaru ()

Romanian Journal of Economics, 2020, vol. 51, issue 2(60), 103-120

Abstract: In theory, Industry 4.0 represents the radical transformation of industrial production, unifying digital technologies, the Internet and conventional industry. This phenomenon has created many controversies, so the terms of evolution or revolution are not yet specific. The paper presents a quantitative analysis of the impact of technology development on the evolution of the labor market depending on the following aspects: there is a link between the age of the respondents and the investment they are willing to make annually in technology; digitization will bring advantages or disadvantages in various industries and in everyday life; the influence of the field of activity on the opinion about the changes brought by digitalization; the degree of information about the various digital methods and how often they are used.

Keywords: Industry 4.0; labor market; technology (search for similar items in EconPapers)
JEL-codes: P28 Q32 Q43 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:51:y:2020:i:60:p:103-120

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