The Economics of Industry 4.0

22 February 2017

Viewed over the sweep of history, concerns about technological unemployment have always proved overblown. Over the last two-hundred years, technology has created more jobs than it has destroyed and it has substantially increased labour productivity and living standards.

 
European countries that tend to report lower levels of tertiary educational attainment; poorer scores in maths, science and reading skills; invest less in information and communication technologies; and have a weaker focus on communicative skills in their workplaces, are the ones with a higher share of jobs at high risk.

 

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