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Technology and the Future of Work : Global Trends and Policy Directions for Technological Change in the Labor Market

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  • Mata, Elizabeth Lorenzo
  • Zeid, Ramy
  • Chartouni, Carole
  • Koettl, Johannes
  • Soytas, Mehmet
  • Rivera, Nayib

Abstract

The world of work is facing one of the most significant technological transformations since industrialization. Throughout history, technological developments have transformed the economy and shaped jobs. Since the First Industrial Revolution in the late 1700s, employment has changed as new technologies became available and widespread. These transformations create winners and losers. In the process, some workers benefit from technological progress, whereas others are displaced and struggle to remain employable. With the continuous advancement of technology, firms are increasingly inclined to update or embrace new production methods, resulting in the expansion of markets and the emergence of novel industries.

Suggested Citation

  • Mata, Elizabeth Lorenzo & Zeid, Ramy & Chartouni, Carole & Koettl, Johannes & Soytas, Mehmet & Rivera, Nayib, 2024. "Technology and the Future of Work : Global Trends and Policy Directions for Technological Change in the Labor Market," The Social Policy and Labor Discussion Paper Series 191619, The World Bank.
    • Handle: RePEc:wbk:hdnspu:191619
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