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Labor market and industrial revolution 4.0

admin May 09, 2022

The Industrial Revolution 4.0 is considered as the highlight of the digital era, it has a strong impact on industries and occupations in the economy, including Vietnam - a country with an abundant labor supply and stable with more than 55 million employees. Those impacts are being shown clearly and specifically through each job position as well as strategies, orientations, plans... in the development of the labor market.

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According to experts, the industrial revolution 4.0 has shown a great step forward in improving productivity by transforming operating methods and the relationship between factors of the production process. At the same time, a new economic form was born, which is the "sharing economy" with as wide and revolutionary influence as some online ride-hailing platforms or workspaces, through the form of business and business and between business and customers.

Labor market and industrial revolution 4.0

In addition, the industrial revolution 4.0 has created many breakthroughs in new technologies in fields such as artificial intelligence production, robot manufacturing, internet network development, 3D printing technology, nanotechnology, technology, etc. biotechnology, materials science, energy storage and informatics.

The spread of robotics and computer technology will reduce about 610,000 assembly and manufacturing jobs, but there will be 960,000 additional jobs. The fields of information technology, analysis, research and development require an additional 210,000 highly skilled personnel… all of which are new sources of employment opportunities.

In addition, there are many other new professions that have also been recognized and have made certain contributions to the community and society.

According to the "Report on New Types of Service Industry and New Practitioners in 2020" of the Mission Institute Research Institute (USA), 53.9% of people choose a new career because of income and 50.4% Choose a new career out of passion. In particular, the common perception of many people is that they want to take advantage of opportunities from a new career to rapidly develop their professional capacity, improve their income level and meet like-minded partners.

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