Innovate Management in the Era of Robotics: Threats of Unemployment or New Opportunities

Abstract

The article is devoted to the study of the impact of the robotization process on the labor market. Companies strive to maximize profits by reducing personnel costs, which is possible due to the introduction of robotics. It is obvious that industrial revolutions were accompanied by social demands and in the conditions of the fourth industrial revolution, technological progress, in particular, automation of production create a threat to a number of professions. This leads to changes in the structure of employment and an increase in the unemployment rate. Technology not only changes the working environment itself, but also changes the requirements for employees. Based on this fact, workers may have difficulty in continuous training to overcome competition with robots, which increases the risk of their displacement from economic activity. The purpose of this paper is to attempt to answer the questions: Is robotization a threat to mass unemployment or does it create new jobs? What new occupations are emerging as a result of automation? The research methods applied in this paper include studying and analyzing articles, looking at case studies of companies, and analyzing statistical data on the automation of production in the world. CZU: 005.591.6:004.896:331.5; JEL: M19, O31, O39