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The Future Of Education And The Labor Market In The Context Of Industry 4.0

Author

Listed:
  • Veronica GARBUZ

    (Alecu Russo Balti State University, Republic of Moldova)

  • Yuriy PETRUSHENKO

    (Sumy State University, Sumy, Ukraine)

Abstract

The article presents an overall picture of the latest technological trends altogether referred to as the Fourth Industrial Revolution (Industry 4.0), their impact on the education and on the changing structure of the labour market, the demand for prospective skills, as well as emerging policy challenges. In order to prepare graduates for the future life and work done by Industry 4.0, where intelligent robots will replace people in certain divisions of activity, education should use relevant information and skills that cannot be replaced with robots. The paper analyzes the main trends in the labor market and formulated conclusions for future systemic approach to education, labor market and major technical and technological changes.

Suggested Citation

  • Veronica GARBUZ & Yuriy PETRUSHENKO, 2021. "The Future Of Education And The Labor Market In The Context Of Industry 4.0," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 6(1), pages 173-180.
  • Handle: RePEc:brc:brccej:v:6:y:2021:i:1:p:173-180
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    More about this item

    Keywords

    Industry 4.0; Education 4.0; Labour market 4.0;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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