THE IMPACT OF MODERN TECHNOLOGIES ON EMPLOYMENT AND UNEMPLOYMENT IN ECONOMIC THEORY AND ECONOMIC PRACTICE

Authors : Eugeniusz Kwiatkowski, Mehmet Bölükbaş

Pages : 185-203

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Publication Date : 2024-12-30

Article Type : Research Paper

Abstract :The aim of the paper is to identify changes in the labour markets resulting from the use of new technologies. The basis for the analysis are theoretical and empirical findings in economic theory and data about the development of new technologies and their employment effects. The article shows how the views of economic theory on the impact of new technologies on the labor market have developed, starting from classical economics until recent times. In particular, views were highlighted that saw the effect of displacing the labor force and the effect of creating new jobs. The analysis indicates that application of the task-based approach to study labour demand enables better identification of transition channels of modern technology on the size and structure of labour demand. In the empirical analysis of the paper, panel causality test was conducted with data for the period 2000-2023 for 11 Central and Eastern European (CEE) countries. The empirical research did not confirm the alarmist predictions about the possibility of high technological unemployment as a result of technical progress. However, changes in the structure of labour demand are evident. According to the causality test results, technological development appears to be particularly associated with total employment, youth employment and youth unemployment.
Keywords : Modern teknolojiler, İstihdam, İşsizlik, İşgücü Piyasası.