VL 1 - Digitalization and work

• The Digital Economy is large and growing, touches many sectors, and features interesting regional patterns.

• This is not the first big industrial revolution, more likely the fourth – What is similar and what is different?

• What is different? Some thoughts and facts about the impact on work.

China was dominating until the first Industrial Revolution. It is back and gets increasingly important again. The economic domination of Europe (first industrialization) is over

Many Obstacles to Further Global Integration; Here is one

Jobs that are most jeopardized by Digitization:

Losers:

-Production workers

-Written data

Winners:

-Lawyers

-Scientists

Neutral:

-Barbers

-Waiters