ABSTRACT. The mainstay of the paper is formed by an analysis of the expenses and advantages of digital technologies for the amount and quality of work, the dynamics of technological unemployment, and the mediocre performance of labor markets throughout advanced economies. The theory that I shall seek to elaborate here puts considerable emphasis on the consequences of digital technologies for the future of labor, the powerful reciprocalities between automation and work that raise output, increase returns, and intensify demand for work, and the compelling forces behind the constantly significant unemployment rates. The results of the current study converge with prior research on the expenses of unemployment and disparity caused by the advancement of digital technologies, the impacts of technological progress on employment, and the effect of computerization on labor market results.
JEL codes: E24; J21; J54; J64

Keywords: technological unemployment; workplace automation; capital; labor income

How to cite: Nica, Elvira (2016), “Will Technological Unemployment and Workplace Automation Generate Greater Capital–Labor Income Imbalances?,” Economics, Management, and Financial Markets 11(4): 68–74.

Received 12 October 2015 • Received in revised form 22 April 2016
Accepted 25 April 2016 • Available online 17 July 2016

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Center for Human Resources and Labor Studies
at AAER, New York;
Bucharest University of Economic Studies

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