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Technology and employment. Twelve stylized facts for the digital age

Mario Pianta ()

MPRA Paper from University Library of Munich, Germany

Abstract: Twelve stylized facts on the relationship between technology and employment are proposed in this paper as a summary of current trends, conceptual issues, methodological approaches and research results. They include the following: 1. Technology is shaped by social relations; 2. Technology saves human labour; technological unemployment is a serious concern; 3. In the digital age the nature and boundaries of work are changing; 4. Different technological strategies have contrasting employment effects; 5. Industries differ in their employment dynamics and role of technology; 6. We can see the employment impact of technology at the firm, industry and macroeconomic levels; 7. Technological change is a disequilibrium process; demand and structural change matter; 8. Business cycles affect technological change and its employment impact; 9. The impact of technology is different across occupations and skills; 10. Labour market conditions are relevant, but employment outcomes are not determined in labour markets alone; 11. In emerging countries employment outcomes are jointly affected by technology and catching up; 12. Technology is an engine of inequality; profits benefit more than wages, wage disparities increase. They have important policy implications in several areas of public action.

Keywords: Technology; Employment; Skills (search for similar items in EconPapers)
JEL-codes: J31 O3 (search for similar items in EconPapers)
Date: 2017-12
New Economics Papers: this item is included in nep-ino
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Journal Article: Technology and Employment: Twelve Stylised Facts for the Digital Age (2018) Downloads
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