Working on the robot society Flashcards
Historic effect of technology
Elimination of jobs in old sectors but creation of jobs in new sectors
“Jobless” growth phenomenon
Economic growth without job growth, often caused by new technological innovations
Job Polarisation
Growth of high and low skilled jobs at the expense of middle-skilled or routine jobs; caused by IT revolution
Skill-Biased Technological Change Theory
technological change bosts demand for high-skilled workers, ultimately leading to greater skill across the entire working population
Routine-Biased Technological Change Theory
technological advancements disproportionately affect and replace routine, repetivive tasks, leading to decline in middle-skilled jobs and contributing to job polarisation
Factors that can affect job polarisation
labour market regulations, minimum wages, trade unions
Theories on Automation
machines will replace human workers more extensively than in the past
VS
predictions of technological progress are overstated
Dancing with Robots Framework
the idea of humans and robots working collaboratively to enhance productivity and efficiency in various fields by combining the strengths of both
Globalisation - effects on job market
leads to elimination and relocation of jobs as high-grade jobs can be performed at lower-cost locations
Skills mismatch - underqualification and overqualification
occurs when the skills and qualifications of available workers do not align with the skill requirements of available job positions in the labor market - includes both over and underqualification
First and Second Machine Age
The “First Machine Age” represents the period during the late 18th and early 19th centuries when the Industrial Revolution introduced mechanization and steam power, while the “Second Machine Age,” often associated with the late 20th and early 21st centuries, is marked by the widespread adoption of digital technology, computers, and automation, transforming various aspects of society and the economy.
Importance of Education and Training in context of Job Polarisation
essential to tackling skills mismatch and getting people working (again)
HR strategies to Tackle Job Polarisation
self-managing teams, job rotation, training in cooperation, information sharing, strengthening relationship between businesses and educational instutions
Skills that Differentiate Students from Computers and are thus important in the Second Machine Age
creativity, interpersonal skills, metacognitivie abilities, digital literacy
OECD Skills Outlook
in-depth analysis by OECD of skills development and utilization in member countries, offering insights and policy recommendations related to education, training, and labor market issues to enhance individuals’ skills and improve economic and social outcomes