A key factor of concern for policymakers is the impact of the digital revolution on the working world and the job market. A new report by the European Foundation for the Improvement of Living and Working Conditions discusses this subject.
It reviews the history of the digital revolution to date, examining it in the context of other periods of marked technological progress and examining how technological change interacts with institutional change.
Digital technologies have great potential for disruption, in particular by making production far more flexible and information more easily accessible. While the information technology sector has been that most affected until now, other sectors are evolving rapidly due to the spread of new technologies. The report also examines three key vectors of change: work automation, the integration of digital technology in processes and the coordination of economic transactions via the digital networks known as “platforms”.