Search

The aim of this paper is to analyze the development of digital technology and its implications on the labor market. The consequences of digital technology can be detected such as changes in structural employment in the specific economic system. The development of new technologies generates new jobs, which are in continuity with progressive changes in the information society. On the other hand it causes unemployment in those industries which become less attractive or they are already adapted to these digital streams where information technologies have already been implemented. In this context, we will apply the Schumpeter's hypothesis of „creative destruction“ as a theoretical concept that explains these patterns. Furthermore we will elaborate the impact of digital technology on the Macedonian economic system as well as the consequences that affect the labor market performance. For this purpose we will use scientific methods of comparative analyses, literature review, internet research, graphic analyses, etc. Finally we will present conclusions and purposes policy, recommendations that will promote more balanced economic development. [ABSTRACT FROM AUTHOR]