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Unemployment in Europe: Influence of automation on labor market

  • December 2014
  • -
  • MarketLine
  • -
  • 20 pages

Summary

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Introduction

The number of unemployed people in the European Union (EU) reached 22.7 million in 2014. Some of the unemployed lost their jobs due to economic crisis, some due to a lack of qualification. It is possible that increases in productivity brought about by the introduction of automated processes and robotics have paradoxically contributed to such economic and social problems in the short-term period.

Features and benefits

* This case study looks at the current and future situation in the employment market in Europe Union area.
* This case study touches the issue of the ongoing automation process across industries and looks at the possibility of technological unemployment.

Highlights

The automation of the industries across the Europe may contribute to the short-term unemployment rate increase, provided the robots implementation is rapid.

Your key questions answered

* What does the situation in the employment market look like in Europe, five years after the financial crisis?
* What are the reasons for the high unemployment rates in Europe?

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