BUSINESS
Digital Economy's Impact on Job Polarization
ChinaTue Nov 26 2024
The digital economy's growth in China has led to significant job polarization. This means there are more high-skilled and low-skilled jobs, with fewer mid-skilled ones. Researchers have analyzed provincial data from 2010 to 2020 to understand why this happens. They used a method called fuzzy set qualitative comparative analysis and created a fixed-effects model. The study found that economic, social, and educational factors all play a big role in job polarization. They interact and work together to cause this effect. Four main paths were identified: jobs driven by social and numerical factors, educational and numerical factors, economic and numerical factors, and other influences. Surprisingly, these grouped paths have a more significant impact than individual factors alone. This study gives a new perspective on how the digital economy shapes job polarization and offers insights for future policies.
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questions
What are the key drivers of employment polarization identified in the study?
Is the digital economy intentionally designed to create a polarized workforce?
Are educational institutions deliberately failing to provide the skills needed in the digital economy?
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