Industry 4.0 – job-producer or employment-destroyer?

Weber, Enzo (2016): Industry 4.0 – job-producer or employment-destroyer?

Abstract

This comment discusses the consequences of a potential fourth industrial-digital revolution (“Industry 4.0”) from a labour market perspective. In particular, we look at the development through the lens of a comprehensive macroeconomic modelling approach for Germany. Additionally, the significance for public policies is addressed.

• Item Type: MPRA Paper
• Language: English
• Keywords: Industry 4.0, digitalisation, job creation and destruction, occupations, qualification
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J23 - Labor Demand; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O14 - Industrialization ; Manufacturing and Service Industries ; Choice of Technology

References

Autor, David H. (2015): Why Are There Still So Many Jobs? The History and Future of Workplace Automation. Journal of Economic Perspectives, 29, 3, 3–30.

Dengler, Katharina; Matthes, Britta (2015): Folgen der Digitalisierung für die Arbeitswelt: Substituierbarkeitspotenziale von Berufen in Deutschland. IAB-Forschungsbericht 11/2015.

Frey, Carl B.; Osborne, Michael A. (2013): The Future Of Employment: How Susceptible Are Jobs To Computerisation? Oxford Martin School.

Wolter, Marc Ingo; Mönnig, Anke, Hummel, Markus; Schneemann, Christian; Weber, Enzo; Zika, Gerd; Maier, Tobias; Neuber-Pohl, Caroline; Helmrich, Robert (2015): Industry 4.0 and the consequences for labour market and economy. IAB Research Report 8/2015.

Weber, Enzo (2015): Industrie 4.0 – Wirkungen auf Wirtschaft und Arbeitsmarkt. Wirtschaftsdienst, 95, 11, 722-723.