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Revolution 4.0 and Employment: Some Evidences after the Financial Crisis in Spain

Josep Llados-Masllorens
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Josep Llados-Masllorens: Open University of Catalonia, Spain

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Abstract: We are just perceiving the first effects of the new wave of digital automation on labour market. These emerging technologies are basically based on artificial intelligence and robotics and they have a potentially disruptive impact in the economic activity because digital technologies can replace both manual and cognitive skills. The appeal of Revolution 4.0 is competing with a predominant economic structure based on low wages, a limited set of complex skills and poor working conditions. The immediate result is a growing polarization in employment opportunities and incomes, so it is critical to understand the effects that digital automation has on labour supply and demand, to identify the most appropriate policies to transform this challenge into an opportunity for social progress.

Keywords: Employment; Industry 4.0; Technological Change; Skills (search for similar items in EconPapers)
Date: 2018
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