Navigating Technological Tides - A Comparative Study of Technological Advancements in the Chinese Labor Market Contextualizing Socioeconomic Implications and Complementarity
(2024) EKHK18 20241Department of Economic History
- Abstract
- Technological development has empirically demonstrated significant social impact across diverse global contexts. The uncertainty of the effects necessitates continuously updated research and historical revision to foster sustainable processes and address research gaps. Traditional economic optimism tends to overlook multidimensional compositions of effects, beyond financial gains. This paper examines the evolution of economic thinking regarding the relationship between technological development and employment patterns while reflecting on socioeconomic implications. Through a historically comparative approach, the paper investigates the direct alternation of technology on employment and its indirect impact on related variables in the... (More)
- Technological development has empirically demonstrated significant social impact across diverse global contexts. The uncertainty of the effects necessitates continuously updated research and historical revision to foster sustainable processes and address research gaps. Traditional economic optimism tends to overlook multidimensional compositions of effects, beyond financial gains. This paper examines the evolution of economic thinking regarding the relationship between technological development and employment patterns while reflecting on socioeconomic implications. Through a historically comparative approach, the paper investigates the direct alternation of technology on employment and its indirect impact on related variables in the high-tech regions of Guangdong and Sichuan, China. Aligned with the theoretical framework of Skill-biased Technological Change indicating that technological development favors certain worker subgroups based on skill levels, context, and industry, the paper reflects upon the distinct paradigms. Utilizing unobtrusive data through a sequential explanatory design, the paper identifies trends of labor substitution, skill premiums, and shifts in technological complementarity, particularly in the earlier stages of technological adoption. The findings conclude the importance of acknowledging the nature of the technical advancements, the context capacity, and internal and external dynamics in assessing socioeconomic impact and complementarity. Finally, the research highlights the destabilizing effects of rapid technological development on socioeconomic conditions, stressing the need for adaptive measures and further research to address the accelerating nature of the contemporary phenomenon. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9170654
- author
- Thornberg, Eja LU
- supervisor
- organization
- course
- EKHK18 20241
- year
- 2024
- type
- M2 - Bachelor Degree
- subject
- keywords
- Technological Development, Labor Markets, Complementarity Measures, Skill Biases, Artificial Intelligence
- language
- English
- id
- 9170654
- date added to LUP
- 2024-07-29 10:49:39
- date last changed
- 2024-07-29 10:49:39
@misc{9170654,
abstract = {{Technological development has empirically demonstrated significant social impact across diverse global contexts. The uncertainty of the effects necessitates continuously updated research and historical revision to foster sustainable processes and address research gaps. Traditional economic optimism tends to overlook multidimensional compositions of effects, beyond financial gains. This paper examines the evolution of economic thinking regarding the relationship between technological development and employment patterns while reflecting on socioeconomic implications. Through a historically comparative approach, the paper investigates the direct alternation of technology on employment and its indirect impact on related variables in the high-tech regions of Guangdong and Sichuan, China. Aligned with the theoretical framework of Skill-biased Technological Change indicating that technological development favors certain worker subgroups based on skill levels, context, and industry, the paper reflects upon the distinct paradigms. Utilizing unobtrusive data through a sequential explanatory design, the paper identifies trends of labor substitution, skill premiums, and shifts in technological complementarity, particularly in the earlier stages of technological adoption. The findings conclude the importance of acknowledging the nature of the technical advancements, the context capacity, and internal and external dynamics in assessing socioeconomic impact and complementarity. Finally, the research highlights the destabilizing effects of rapid technological development on socioeconomic conditions, stressing the need for adaptive measures and further research to address the accelerating nature of the contemporary phenomenon.}},
author = {{Thornberg, Eja}},
language = {{eng}},
note = {{Student Paper}},
title = {{Navigating Technological Tides - A Comparative Study of Technological Advancements in the Chinese Labor Market Contextualizing Socioeconomic Implications and Complementarity}},
year = {{2024}},
}