Industry 4.0 - Relationship Between Capital Equipment and Labor Productivity

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Industry 4.0 - Relationship Between Capital Equipment and Labor Productivity

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Industry 4.0 - Relationship Between Capital Equipment and Labor Productivity

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Hradec Economic Days, vol. 11(1)

ISBN

9788074358227

ISSN

2464-6059

e-ISSN

2464-6067

Počet stran výsledku

9

Strana od-do

555-563

Název nakladatele

University of Hradec Králové

Místo vydání

Hradec Králové

Místo konání akce

Hradec Kralove, CZECH REPUBLIC

Datum konání akce

25. 3. 2021

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000670596900054