Technological Advances Place Old Jobs At Risk
According to Bruegel, the impact of new technology on old areas of employment is set to become increasingly important in the long run. It has already shaped labor markets in the past and will continue to do so in the future, especially in Europe. Bruegel defines computerisation as a job that is "potentially automatable over some unspecified number of years, perhaps a decade or two" and they have predicted the likelihood of this occurring in the EU.
Technological advances mainly threaten lower-skill industries with tasks in the service sector becoming especially vulnerable to automation. As a result, countries on the EU's periphery are most at risk of computerisation, given Bruegel's argument that computerisation will impact low-skill and low-wage jobs. However, this may actually be offset by the fact that peripheral EU markets have always been slower to adopt new technology as opposed to Europe's more advanced and less at risk core.
- Total population of the European Union (EU) 2016Total population of the European Union (EU) 2016
- Youth unemployment rate in the European Union and the euro area 2016Youth unemployment rate in the European Union and the euro area 2016
- Gross domestic product (GDP) in the European Union (EU) until 2015Gross domestic product (GDP) in the European Union (EU) until 2015
- Value of imports into China by month April 2017Value of imports into China by month April 2017
- Monthly value of exports from China by month April 2017Monthly value of exports from China by month April 2017
- U.S. youth unemployment rate: April 2017, seasonally adjustedU.S. youth unemployment rate: April 2017, seasonally adjusted
- U.S. unemployment rate: April 2017, unadjustedU.S. unemployment rate: April 2017, unadjusted
- U.S. unemployment rate: April 2017, seasonally adjustedU.S. unemployment rate: April 2017, seasonally adjusted
- Who may use the "Chart of the Day"?
- The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL.
- Which topics are covered by the "Chart of the Day"?
- The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.
- Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific
Charts of the Day, please contact Robin Hüdepohl