The Fourth Industrial Revolution and the Labour Market: Future-proofing Work in the Innovation Economy

The Fourth Industrial Revolution is driven by the innovation economy, and artificial intelligence, big data, 5G- and 6G networks are key to this. This book explores the new competence emerging in the wake of AI and intelligent robots, arguing that AI will promote automation and reduce wages, while education will enable graduates to access more secure and better-paid jobs. It employs scholarly methods to benefit academic scholars, researchers, and graduate students.

Format: Hardback
Length: 186 pages
Publication date: 15 September 2023
Publisher: Taylor & Francis Ltd

The innovation economy is the driving force behind the Fourth Industrial Revolution, leading to a significant emphasis on innovation in general and technological innovation in particular. In this context, there is growing evidence to suggest that the triple impact of artificial intelligence, big data, 5G- and 6G networks will surpass the capabilities of existing competence.

This book explores the emerging competence that arises in the wake of artificial intelligence and intelligent robots. It emphasizes how these two technologies are fundamental to the Fourth Industrial Revolution. The author argues that artificial intelligence will lead to automation, which may initially reduce wages but ultimately increase employment statistics. The book posits that when the utility value of technology and its dissemination rate are high, individuals with the necessary competence will secure future-proof jobs in the labor market and earn among the highest salaries in the emerging innovation economy. Furthermore, by making education more compatible with new technology, graduates will gain access to more secure and better-paid positions, and various behavioral fields related to new technology will thrive due to their application in various contexts to influence people's behavior.

The book employs scholarly methods such as conceptual generalization, scenario-based thinking, and historical economic methodology, making it particularly valuable for academic scholars, researchers, and graduate students interested in understanding the impact of the Fourth Industrial Revolution on the labor market.

Weight: 526g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032564296