Paper Title :From Job Creation to Job Displacement: The Impact of Industrialization and Automation on the Labor Market

Author :Nikhil Singhal, Aakash Sharma, Nishtha, Rajat, Tanisha Chauhan, Bhumika Chugh

Article Citation :Nikhil Singhal ,Aakash Sharma ,Nishtha ,Rajat ,Tanisha Chauhan ,Bhumika Chugh , (2023 ) " From Job Creation to Job Displacement: The Impact of Industrialization and Automation on the Labor Market " , International Journal of Management and Applied Science (IJMAS) , pp. 79-83, Volume-9,Issue-7

Abstract : As industrialization and robotization reshape the labor showcase, the conventional flow of work creation has moved, driving concerns over work relocation. This comprehensive audit paper looks at the moral consequences of these changes, analyzing the chronicled setting of industrialization and automation, current patterns in robotization innovation, and the moral issues encompassing its execution. Utilizing a writing survey strategy, this study investigates the effect of automation on businesses and work categories, highlighting the challenges confronted by businesses and people in adjusting to modern innovations. In addition, the paper evaluates potential arrangements, counting retraining and upskilling programs, as well as suggestions for or approach activities such as all-inclusive fundamental pay and wage endowments. By advertising a nuanced assessment of the results of industrialization and automation on the labor advertise and giving proposals for advanced investigation and approach advancement, this one-of-a-kind survey article points to contributing altogether to the existing body of knowledge. Keywords - Industrialization, Automation, Advent, Artificial intelligence, Salary disparity, Transparency, Accountability, Robotic Process Automation (RPA), Augmented Reality (AR), Virtual Reality (VR) ,Radio-Frequency Identification (RFID), Redistributing, Agility, Wage subsidies, Inclusive growth, Digital literacy, E-governance, Entrepreneurship, Vocational education, Stakeholders

Type : Research paper

Published : Volume-9,Issue-7

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