ECONOMETRIC ANALYSIS OF THE IMPACT OF ROBOTIZATION ON EMPLOYMENT

Abstract

We examine the impact of robots on employment levels in Spanish manufacturing companies from 1990 to 2014. We use firm-level data from the Encuesta Sobre Estrategias Empresariales (ESEE).

The primary objective of this study is to evaluate the growing influence that automation and robotization are having on the labour market in the modern era. Robotics and artificial intelligence systems are being adopted by a number of industries as we enter the Industry 4.0 era, resulting in a significant change in the employment dynamics. Our research addresses worry about the disappearance of traditional jobs as robots and algorithms take over repetitive and routine tasks. We also look at how this technological development may lead to new job openings in fields like software development, programming, and the design, upkeep, and monitoring of automated systems.

The factors that affect workforce acceptance of and adaptation to robotics and automation are examined in the context of this study. This includes taking into account how businesses are investing in the training and skill-development of employees.