ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Automation

Is Decent Work Elusive under Globalisation and 4IR?

The global production chain has entered the phase of the Fourth Industrial Revolution. The emerging countries are not immune from the trend of technology adoption either through domestic or international competition. Excessive use of technology has subdued the possibility of creating enough decent jobs for India and other emerging countries. The weakening relationship between economic and employment growth led by intense global competition and technology penetration is likely to complicate the decent employment agenda.

History of Anxiety and Possibility

The developed world faces a new bout of anxiety given the current status of technology development. To understand the anxiety, the historical perspective on the short- and long-run effects of technological progress on labour substitution, post the Great Depression, is traced. The present technological progress stands in contrast to what Keynes called the “Economic Possibilities” of technological unemployment. The probable policies for tackling contemporary issues of technological unemployment are discussed.