Abstract
The aim of this paper is to analyze the real impact of ICT (Information and Communications Technology) skills mismatch on SME’s (small and medium enterprises) sustainable competitiveness in the presence of a guaranteed minimum wage. As part of public policies—the minimum wage needs to maintain a balance between increasing employment and not being a burden for the companies, leading them to bankruptcies, especially in times of disruptive change, in which economies have to be more resilient. The rapid progress in information and communication technologies has dramatically redefined rising unemployment as a result of skills mismatch. This paper aims to understand, on the one hand, whether there is a match between the supply demand of ICT skills, and how increasingly powerful digital technologies affect the skills, jobs, and demand for human labor. On the other hand, it aims to understand whether increasing productivity and a fair minimum wage could be an integrated approach for stimulating SME’s in increasing sustainable competitiveness.
Highlights
This paper focuses on the relation among ICT (Information and Communications Technology) skills mismatch, minimum wage, and SME’s, sustainable competitiveness, in order to fill research gaps existing in literature.Rapid technological development is imposing the acquisition of new skills to respond to the current and future needs of firms and labor markets [1], changing organizational processes and individual job profiles [2]
Sustainable competitiveness is considered as an umbrella that combines the interests that underlie sustainable development and competitiveness. It represents the appropriate context for considering the relation between public policies and competitiveness, and for this reason, the purpose of this article is to explore the following: 1. The dynamics that link ICT skills mismatch and SME’s sustainable competitiveness and economic growth in the technological era [20], to observe their effects for the labor market in general, and for employment in the world, in particular, in European countries; 2
Basic economics tells us that the elasticity of the labor supply is related to a guaranteed minimum wage, and wage is related to productivity and training [66], especially in the IT sector [67]
Summary
This paper focuses on the relation among ICT (Information and Communications Technology) skills mismatch, minimum wage, and SME’s (small and medium enterprises), sustainable competitiveness, in order to fill research gaps existing in literature.Rapid technological development is imposing the acquisition of new skills to respond to the current and future needs of firms and labor markets [1], changing organizational processes and individual job profiles [2]. The world is moving towards a digital “people-driven economy” [3,4], in which attracting and retaining human resources have become strategic imperatives [5]. In this context, being able to capture the talents (“war for talent”) and “matching workers’ skills to the most appropriate jobs within the firms” [6] are becoming real priorities for companies, creating an “economic value of a magnitude that few other economic processes can” [7]. A skill mismatch implies a new policy formulation and overall goal setting, with specific focus on the positioning of the organization in its environment
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