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Examining the Impact of Industry 4.0 on Labor Market in Pakistan

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Handbook of Smart Materials, Technologies, and Devices

Abstract

Technological advancement plays a critical role in the development of industries and economies. It also has a direct impact on the operations and performance of workers. Technological modernization not only eliminates some jobs but also leads to the creation of new opportunities and labor markets. The present study aims to examine the impact of the fourth industrial revolution, namely, Industry 4.0, on the performance and survival of workers in developing regions, specifically Pakistan. The literature and studies indicated that technological advancement in the industry substitutes a large number of occupations with routine tasks, both in cognitive and manual formats, while for some jobs it has a positive impact. It is also found that developing soft skills and training of workers plays an essential role in the survival and success of workers in Industry 4.0. It is suggested that developing countries, such as Pakistan, can address the impacts of Industry 4.0 by analyzing future trends and by formulating policies to provide training to the workers for skills development and promoting jobs in new technologies.

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Kazmi, S.J.A., Abbas, J. (2022). Examining the Impact of Industry 4.0 on Labor Market in Pakistan. In: Hussain, C.M., Di Sia, P. (eds) Handbook of Smart Materials, Technologies, and Devices. Springer, Cham. https://doi.org/10.1007/978-3-030-84205-5_80

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