Industry 4.0 - Relationship Between Capital Equipment and Labor Productivity
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14410%2F21%3A00121324" target="_blank" >RIV/00216224:14410/21:00121324 - isvavai.cz</a>
Result on the web
<a href="https://uni.uhk.cz/hed/site/assets/files/1077/proceedings_2021_1-1.pdf" target="_blank" >https://uni.uhk.cz/hed/site/assets/files/1077/proceedings_2021_1-1.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.36689/uhk/hed/2021-01-054" target="_blank" >10.36689/uhk/hed/2021-01-054</a>
Alternative languages
Result language
angličtina
Original language name
Industry 4.0 - Relationship Between Capital Equipment and Labor Productivity
Original language description
Using new technology in production process is naturally connected with the economic development due to attempt to increase labor productivity and/or decrease in unit production costs. In last decades, term Industry 4.0 is used for such cases, as industrial revolution connected with new technology, especially information and communication technology, used in production process. Industry 4.0 is also connected with a fear of disappearing different kind of occupations replaced by new technology and with the fear of lack of employees in other occupations requiring suitable but not yet existing qualification. In the article we present the development of economic indicators and ratios based on production output, compensation on employees, capital equipment, volume of workers, and hours worked to illustrate development of labor productivity in 1995-2018 in Czech Republic, Slovakia, Poland, Hungary, Austria, and Germany. We present results about significant changes in economic structure in analyzed countries, but as results of economic development or economic transformation process. Thus, we try to articulate that the development is rather economic evolution than industrial revolution and that there is no reason to be afraid of Industry 4.0 process.
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
—
OECD FORD branch
50204 - Business and management
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Hradec Economic Days, vol. 11(1)
ISBN
9788074358227
ISSN
2464-6059
e-ISSN
2464-6067
Number of pages
9
Pages from-to
555-563
Publisher name
University of Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Kralove, CZECH REPUBLIC
Event date
Mar 25, 2021
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000670596900054