Impact of technological development on skills expected in the labour market

  • Károly Fazekas

Abstract

It is not only the sectoral and occupational structure of the economy that is changing as technology advances. Within each occupation, there is a significant shift in the content of the job assignments according to the skills that the employees need to complete them. In recent years, the share of jobs requiring both mathematical and non-cognitive skills has increased most rapidly, with the highest decline in jobs requiring typically neither mathematical nor social skills. This article presents the difficulty of defining and measuring non-cognitive skills. We present the results of the economic analysis of the effects of non-cognitive skills and summarize the reasons and the labor market consequences of the appreciation of non-cognitive skills. The study presents the possibility of using artificial intelligence in non-cognitive jobs. In the concluding section of the study we summarize the possible ways of developing and educating non-cognitive skills and their impact on the labour market situation of young people

Published
2020-04-08
How to Cite
Fazekas, K. (2020). Impact of technological development on skills expected in the labour market. Köz-Gazdaság - Review of Economic Theory and Policy, 14(4). Retrieved from http://retp.eu/index.php/retp/article/view/221