Digitalization and the Future of Work: Economic Development, Labour Markets and Education in a Rapidly Changing World
Dr. Sony Kurian
Asst. Professor Dept. of Economics,The Bhopal School of Social Sciences
https://doi.org/10.47191/jefms/v8-i3-01ABSTRACT:
The rapid pace of digitalization is transforming the world of work, posing significant challenges and opportunities for economic development, labour markets, and education. This paper explores the impact of digitalization on the future of work, examining the implications for economic development, labour markets, and education.The digital age has also brought about significant changes in the global economy, labour markets, and education. We argue that digitalization has the potential to create new opportunities for economic growth, innovation, and entrepreneurship, but also poses significant challenges for workers, particularly those in low-skilled and low-wage jobs. We discuss the implications of the digital age for labour markets, including the rise of the gig economy, automation, and the need for lifelong learning. We also examine the role of education in preparing workers for the digital age, including the need for digital literacy, STEM education, and soft skills. Finally, we discuss the implications of the digital age for economic development, including the potential for increased productivity, innovation, and economic growth.
KEYWORDS:
Digitalization, Future of work, Economic development, Labour markets and Education
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