Publication detail

The Impact of Digital Technologies on Neoclassical Labor Market

PETROVÁ, K.

Original Title

The Impact of Digital Technologies on Neoclassical Labor Market

Type

journal article in Scopus

Language

English

Original Abstract

Labor market economics works on the principle of a neoclassical approach. Competitive forces, corporate policy, collective bargaining, and state intervention create the reality of the market. Technological progress in advanced technology, robotics, and artificial intelligence is strengthening the economies of several countries. The article deals with the actual influence of digital technologies on the neoclassical paradigm of the labor market and the impacts on the tasks and requirements for the competencies of workers and the level of their qualifications. Research is based on secondary data from relevant sources with emphasis on the quality using the interface Primo database, enabling the search for data in full-fledged databases (Web of Science, ProQuest, etc.). The real minimum wage, employment rate and jobs at risk of automation were analysed to compare situation in European countries. The main objective is to analyze the magnitude of the impact of digital technologies on the labor market. The results point to technological progress, especially automation, which eliminates job positions by substituting low-skilled workers with machine learning robots. Government can ensure more balanced inclusive growth in the area of education. The change in the concept of teaching leads to higher qualifications and skills for future employees.

Keywords

Neoclassical Economics, Labor Market, Digitalization, Digital Technologies

Authors

PETROVÁ, K.

Released

31. 12. 2022

Publisher

Sciendo

Location

Česká Republika

ISBN

1804-6746

Periodical

Danube

Year of study

13

Number

4

State

Czech Republic

Pages from

318

Pages to

330

Pages count

13

URL

https://sciendo.com/article/10.2478/danb-2022-0020

BibTex

@article{BUT180313,
  author="Kateřina {Petrová}",
  title="The Impact of Digital Technologies on Neoclassical Labor Market",
  journal="Danube",
  year="2022",
  volume="13",
  number="4",
  pages="318--330",
  doi="10.2478/danb-2022-0020",
  issn="1804-6746",
  url="https://sciendo.com/article/10.2478/danb-2022-0020"
}