INDUSTRY 4.0 REVOLUTION AND ITS IMPACTS ON LABOR MARKETS

İngilizce (OpenAlex)

All the Industrial Revolutions in the historical process affected the labor markets and changed the qualifications sought in human capital. However, the possible impacts of the new mode of production, which was put forward in Germany in 2011 and named as the Industrial 4.0 Revolution, especially in the labor markets would be much larger than previous industrial revolutions. This study aims to determine the impacts of the Industry 4.0 Revolution on labor markets on a theoretical basis. The main finding of the study is that the Industrial 4.0 Revolution would lead to major changes in the qualifications required for employment. As a result of the rapid change in the Internet of Things, artificial intelligence, robotics technologies, and algorithms; the future workforce would have to be individuals with multidisciplinary education. These changes would affect not only unqualified employees but also skilled employees such as designers, engineers, and lawyers.