IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i14p8925-d867726.html
   My bibliography  Save this article

Industry 4.0: A Chance or a Threat for Gen Z? The Perspective of Economics Students

Author

Listed:
  • Bernard Bińczycki

    (Department of Process Management, Cracow University of Economics, 31-150 Cracow, Poland)

  • Sławomir Dorocki

    (Department of Entrepreneurship and Spatial Development, Pedagogical University of Cracow, 30-084 Cracow, Poland)

Abstract

Major transformations in the sphere of the economy that Industry 4.0 brings are also reflected in young people’s expectations regarding the development of their professional career. Existing social relations are being modified nowadays and new concepts of building them are being developed. The aim of the present article is to present the expectations, fears and hopes of young people related to the course of Industrial Revolution 4.0 in the context of their future life. For a simpler perception of the research objectives of students, the research was narrowed down to the topic of building relationships with robots, which are one of the pillars of Industry 4.0. The research methods are based on the literature studies and an experiment conducted among the students graduating from economic faculties and entering a strongly changing labour market. The experiment was qualitative. The students wrote a short essay on the topic of whether a friendship between a human and a robot is possible. One group of students was shown a short emotional clip about the relationship between the boy and the robot. Regardless of the attempt to influence the message with a film, both groups of students hardly noticed the negative effects of digitisation on building relationships and social trust. The relationship between human being and advanced technology will develop in the future, which will result in the emergence of new relationships between humans and artificial intelligence.

Suggested Citation

  • Bernard Bińczycki & Sławomir Dorocki, 2022. "Industry 4.0: A Chance or a Threat for Gen Z? The Perspective of Economics Students," Sustainability, MDPI, vol. 14(14), pages 1-13, July.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:14:p:8925-:d:867726
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/14/8925/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/14/14/8925/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Thompson, Maria, 2018. "Social capital, innovation and economic growth," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 73(C), pages 46-52.
    2. Alfred Benedikt Brendel & Milad Mirbabaie & Tim-Benjamin Lembcke & Lennart Hofeditz, 2021. "Ethical Management of Artificial Intelligence," Sustainability, MDPI, vol. 13(4), pages 1-18, February.
    3. Francesco Chiacchio & Georgios Petropoulos & David Pichler, 2018. "The impact of industrial robots on EU employment and wages- A local labour market approach," Working Papers 25186, Bruegel.
    4. Bashir Salah & Mustufa Haider Abidi & Syed Hammad Mian & Mohammed Krid & Hisham Alkhalefah & Ali Abdo, 2019. "Virtual Reality-Based Engineering Education to Enhance Manufacturing Sustainability in Industry 4.0," Sustainability, MDPI, vol. 11(5), pages 1-19, March.
    5. Kumar, Anil & Agrawal, Rohit & Wankhede, Vishal A & Sharma, Manu & Mulat-weldemeskel, Eyob, 2022. "A framework for assessing social acceptability of industry 4.0 technologies for the development of digital manufacturing," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    6. Kai Hockerts, 2018. "The Effect of Experiential Social Entrepreneurship Education on Intention Formation in Students," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 9(3), pages 234-256, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Muawia Ramadan & Bashir Salah & Mohammed Othman & Arsath Abbasali Ayubali, 2020. "Industry 4.0-Based Real-Time Scheduling and Dispatching in Lean Manufacturing Systems," Sustainability, MDPI, vol. 12(6), pages 1-18, March.
    2. Carbonero, Francesco. & Ernst, Ekkehard & Weber, Enzo., 2018. "Robots worldwide the impact of automation on employment and trade," ILO Working Papers 995008793402676, International Labour Organization.
    3. Asif Khan & Chih-Cheng Chen & Kwanrat Suanpong & Athapol Ruangkanjanases & Santhaya Kittikowit & Shih-Chih Chen, 2021. "The Impact of CSR on Sustainable Innovation Ambidexterity: The Mediating Role of Sustainable Supply Chain Management and Second-Order Social Capital," Sustainability, MDPI, vol. 13(21), pages 1-25, November.
    4. Cristiano CODAGNONE & Giovanni LIVA & Egidijus BARCEVICIUS & Gianluca MISURACA & Luka KLIMAVICIUTE & Michele BENEDETTI & Irene VANINI & Giancarlo VECCHI & Emily RYEN GLOINSON & Katherine STEWART & Sti, 2020. "Assessing the impacts of digital government transformation in the EU: Conceptual framework and empirical case studies," JRC Research Reports JRC120865, Joint Research Centre.
    5. Philippe Aghion & Céline Antonin & Simon Bunel & Xavier Jaravel, 2020. "What Are the Labor and Product Market Effects of Automation? New Evidence from France," SciencePo Working papers Main hal-03403062, HAL.
    6. Shuting Wang & Jie Meng & Yuanlong Xie & Liquan Jiang & Han Ding & Xinyu Shao, 2023. "Reference training system for intelligent manufacturing talent education: platform construction and curriculum development," Journal of Intelligent Manufacturing, Springer, vol. 34(3), pages 1125-1164, March.
    7. Francisco Olmo-García & Fernando Javier Crecente-Romero & María Teresa Val-Núñez & María Sarabia-Alegría, 2023. "Entrepreneurial activity in an environment of digital transformation: an analysis of relevant factors in the euro area," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-10, December.
    8. M. Battisti & M. Del Gatto & A. F. Gravina & C. F. Parmeter, 2021. "Robots versus labor skills: a complementarity/substitutability analysis," Working Paper CRENoS 202104, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    9. Srivastava, Deepak Kumar & Kumar, Vikas & Ekren, Banu Yetkin & Upadhyay, Arvind & Tyagi, Mrinal & Kumari, Archana, 2022. "Adopting Industry 4.0 by leveraging organisational factors," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    10. Hosseini Dehshiri, Seyyed Jalaladdin & Amiri, Maghsoud, 2023. "Evaluating the risks of the internet of things in renewable energy systems using a hybrid fuzzy decision approach," Energy, Elsevier, vol. 285(C).
    11. Shuibin Gu & Gigamon Joseph Prah, 2020. "The Effect of International Financial Reporting Standards on the Association between Foreign Direct Investment and Economic Growth: Evidence from Selected Countries in Africa," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 8(1), pages 21-29.
    12. Montobbio, Fabio & Staccioli, Jacopo & Virgillito, Maria Enrica & Vivarelli, Marco, 2022. "Robots and the origin of their labour-saving impact," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    13. Rude, Britta & Giesing, Yvonne, 2022. "Technological Change and Immigration - A Race for Talent or of Displaced Workers," VfS Annual Conference 2022 (Basel): Big Data in Economics 264093, Verein für Socialpolitik / German Economic Association.
    14. Yang, Siying & Liu, Fengshuo & Lu, Jingjing & He, Xiaogang, 2022. "Does occupational injury promote industrial robot applications?," Technology in Society, Elsevier, vol. 70(C).
    15. David Autor & Anna Salomons, 2018. "Is Automation Labor Share–Displacing? Productivity Growth, Employment, and the Labor Share," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 49(1 (Spring), pages 1-87.
    16. Ilona Pavlenkova & Luca Alfieri & Jaan Masso, 2024. "Effects of automation on the gender pay gap: the case of Estonia," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 33(3), pages 584-608.
    17. Gries, Thomas & Naudé, Wim, 2022. "Modelling artificial intelligence in economics," Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 56, pages 1-12.
    18. Fernández-Macías, Enrique & Klenert, David & Antón, José-Ignacio, 2021. "Not so disruptive yet? Characteristics, distribution and determinants of robots in Europe," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 76-89.
    19. Henrik Schwabe & Fulvio Castellacci, 2020. "Automation, workers’ skills and job satisfaction," PLOS ONE, Public Library of Science, vol. 15(11), pages 1-26, November.
    20. Attour, Amel & Baudino, Marco & Krafft, Jackie & Lazaric, Nathalie, 2020. "Determinants of energy tracking application use at the city level: Evidence from France," Energy Policy, Elsevier, vol. 147(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:14:p:8925-:d:867726. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.