Technological Unemployment in the Context of Structural Transformation Determined by the Digital Economy
Technological Unemployment in the Context of Structural Transformation Determined by the Digital Economy

Author(s): Diana Ignatiuc, Oxana Livitchi
Subject(s): Economy, Supranational / Global Economy, ICT Information and Communications Technologies, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: digital economy; automation; technological unemployment; information and communication technologies; global economy; digital transformation; innovation
Summary/Abstract: The philosophical basis of contemporary economic theory is rooted in the concept that the material well-being of the global community, especially in the medium and long term, is determined by the development level and quality of digital technologies. Simultaneously with the emergence of the digital economy, the need for a scientific understanding of its impact on socio-economic development has become increasingly significant. From a broader perspective, the development of the digital economy induces positive shifts, including enhanced labor productivity, reduced market entry barriers, and the advancement of competition, among others. In contrast, it is also associated with a significant drawback, namely the inevitable transformation of employment structures, which entails the emergence and escalation of technological unemployment. This article aims to examine the key characteristics underlying the emergence of technological unemployment within the framework of the digital economy's development. This research is based on the dialectical method of inquiry, alongside techniques of theoretical modeling, comparison, generalization, and empirical data analysis.

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