The Rise of Technology in Romanian Labour Market – A Long Term Business or Just a Bubble?

Abstract

Abstract The digital environment is taking over more and more of our present time, preparing challenging new horizons and leading the whole world to a new dimension, improving our lifestyle in all possible ways. As technology is more widespread as ever, as it comes to take over the way we act and react, the way we socialize, we communicate and we work together, it is important to see which its impact at the labour market level is. Therefore, in this research paper we aim to see how technology has developed the labour market in Romania, how it has influenced the level of salaries, the educational trends and which is its outcome for the economy. Using different statistical and econometrical methods, we want to build an inventory of the tech companies in Romania and their added value for the labour market. The data will be taken from the National Institute of Statistics, Eurostat, European Commission's studies and several private entities. In the end, our goal is to analyse whether the technology is one of the leading industries in Romania or we still need to catch up compared to other EU countries. Moreover, if technology has imposed itself as a main drive for the economy, we also want to study the sustainability of this situation. We want to propose a number measures for Romania in order to substitute some weak links of the economy with the tech industry, making it more stable, attracting the best human capital and relaxing economic measures, enabling education and innovation in this field.