The Technological Revolution: Professions at Risk and New Jobs

Marco Magnani ()
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Marco Magnani: LUISS Guido Carli

Chapter Chapter 3 in Making the Global Economy Work for Everyone, 2022, pp 53-71 from Springer

Abstract: Abstract The ongoing technological revolution will have an unprecedented impact on employment. In many cases, humans will be replaced by machines and entire professions will be eliminated. This is true not only for heavy, dangerous and alienating jobs, but also for traditional ones; not only in manufacturing but also in services; not only for work with simple and repetitive tasks but also for roles requiring complex and intellectual skills. Replacing humans with machines will be more difficult for those jobs with a strong emotional, creative and relational component and requiring decision-making skills and judgement ability. In a number of cases, technology will not substitute human labour but will support it by increasing its efficiency. Even at these junctures, however, job transformation will profoundly change the skills required of workers, making the transition complex. New technologies will also encourage the creation of new jobs. However, their quantity, quality and geographical location are very uncertain. In order to understand the final impact of technology on employment, it is important to analyse the most exposed sectors and the most at-risk occupations and to try to identify what will be the new jobs.

Keywords: Tech revolution; Digital economy; Knowledge economy; Innovation; Future of work; Employment; Unemployment; New jobs; Robot (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-92084-5_3

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DOI: 10.1007/978-3-030-92084-5_3

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