The Impact of E-Commerce on the Labor Market

E-commerce is one of the industrial sectors created as a result of technological progress, and has created new jobs for the economy. However, this sector is conditioned not only by the level of digitalization of each state, but also by the speed of integration of technology in the business environme...

Full description

Saved in:
Bibliographic Details
Published in:Sustainability 2022-05, Vol.14 (9), p.5086
Main Authors: Bănescu, Carmen-Elena, Țițan, Emilia, Manea, Daniela
Format: Article
Language:English
Subjects:
Competitiveness
Digital economy
Digitization
Economic crisis
Electronic commerce
Electronic data interchange
Employment
Human capital
Human resources
Job creation
Knowledge
Labor
Labor force
Labor market
Marketing
Sales
Small & medium sized enterprises-SME
Sustainability
Technology
Workforce
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:E-commerce is one of the industrial sectors created as a result of technological progress, and has created new jobs for the economy. However, this sector is conditioned not only by the level of digitalization of each state, but also by the speed of integration of technology in the business environment. The main purpose of the article is to present the impact of e-Commerce development on the labor market. It also considers impact on the labor market of human capital with advanced technological skills. It focuses on data from a particular period situated between two major crises (the economic crisis of 2008 and the health crisis of 2020). We want to know to what extent a technology-created sector can compensate for technological unemployment. To test the working hypothesis, we developed a panel regression model for a sample of 28 European states. The results indicate that 99.5% of the variation in the labor market activity rate of people aged 15 to 64 years in the selected sample of states is explained by the model. This confirms that the development of e-Commerce and an increase in the percentage of technology-specialized human resources contribute to the increase in activity rate in the labor market. As a result, the labor market must be assisted in keeping up with technology by restructuring the education system, or introducing courses that maintain competitiveness and continuous development.
ISSN:2071-1050
2071-1050
DOI:10.3390/su14095086