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Israeli Labor Market and the Fourth Industrial Revolution

Author

Listed:
  • Elisa Gotesman Bercovici

    (Bucharest University of Economic Studies)

  • Adrian Bercovici

    (Bucharest University of Economic Studies)

Abstract

In recent years, we have witnessed the effects of the Fourth Industrial Revolution on the labour market. Technological changes, internet use, and robotics are changing the practices, services, and needs of organizations and employees in the labour market. These changes represent both a threat and an opportunity for the significant economic development of many populations. This article aims to examine the current and expected implications of these changes in the labor market in Israel. The research presented in this article was conducted by in-depth interviews with two leading infrastructure organizations in Israel. These organizations have a broad understanding of the labour market gaps and opportunities, work with hundreds of actors in the labour market eco system (employment organizations, employees, employers, educational institutes, government, philanthropy). The results of the study suggest what some eco labour actors should do to cope with changes in the labour market due to the Fourth Industrial Revolution. We emphasis the need of new skills (up-skilling, re-skilling), Life Long Learning (LLL), new professional knowledge, and adopting further actions to older and diverse populations that will take a more significant part in the future labor market in Israel. In addition, we present some examples of programs that both researched organizations attempt to address these challenges in Israel.

Suggested Citation

  • Elisa Gotesman Bercovici & Adrian Bercovici, 2019. "Israeli Labor Market and the Fourth Industrial Revolution," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(S13), pages 884-884, November.
    • Handle: RePEc:aes:amfeco:v:21:y:2019:i:s13:p:884
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    References listed on IDEAS

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    3. Annunziata, Marco & Bourgeois, Hendrik, 2018. "The future of work: How G20 countries can leverage digital-industrial innovations into stronger high-quality jobs growth," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-23.
    4. Min Xu & Jeanne M. David & Suk Hi Kim, 2018. "The Fourth Industrial Revolution: Opportunities and Challenges," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 9(2), pages 90-95, April.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Marcin J. Piątkowski, 2020. "Expectations and Challenges in the Labour Market in the Context of Industrial Revolution 4.0. The Agglomeration Method-Based Analysis for Poland and Other EU Member States," Sustainability, MDPI, vol. 12(13), pages 1-29, July.
    2. Krzysztof Ejsmont, 2021. "The Impact of Industry 4.0 on Employees—Insights from Australia," Sustainability, MDPI, vol. 13(6), pages 1-31, March.
    3. Qiang Wu & Jacob Cherian & Sarminah Samad & Ubaldo Comite & Huajie Hu & Stefan B. Gunnlaugsson & Judit Oláh & Muhammad Safdar Sial, 2021. "The Role of CSR and Ethical Leadership to Shape Employees’ Pro-Environmental Behavior in the Era of Industry 4.0. A Case of the Banking Sector," Sustainability, MDPI, vol. 13(17), pages 1-20, August.

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    More about this item

    Keywords

    Industry 4.0; job mobility; employment discrimination; re-skilling; up-skilling; Life Long Learning; Non-Profit Organizations; employment organizations.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies

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