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

Author

Listed:
  • Gheoghe ZAMAN

    (Institute of National Economy – Romania Academy)

  • 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)

  • Mihaela MIHAI

    (The Bucharest University of Economic Studies, Institute of National Economy – Romania Academy)

  • Iulia NEAGOE

    (The Bucharest University of Economic Studies)

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.

Suggested Citation

  • Gheoghe ZAMAN & Giani GRÄ‚DINARU & Emilia Å¢IÅ¢AN & Daniela MANEA & Mihaela MIHAI & Iulia NEAGOE, 2020. "The Impact of Technology Development on the Evolution of the Labor Market," Romanian Journal of Economics, Institute of National Economy, vol. 51(2(60)), pages 103-120, December.
    • Handle: RePEc:ine:journl:v:51:y:2020:i:60:p:103-120
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    More about this item

    Keywords

    Industry 4.0; labor market; technology;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

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