Abstract

Current rapid structural changes in economy have huge consequences for the socioeconomic environment as a whole. The article analyses these changes at macroeconomic level and their relationship to industry, employment, social systems behaviour and performance of businesses connected with human capital development, but also to the (microeconomic) position of individual subjects. The solutions that are rooted in the acquisition, maintaining and utilizing of human capital will be discussed. We will discuss new incentives for social investment and providing productive services, identify barriers of economic growth in current socioeconomic system and show selected obstacles that prevent productive utilization of human capital. Although these issues are controversial by nature, have deep systemic causes and they cannot be resolved immediately or by simple measures, we take a scientific effort to search for opportunities that support adaptive processes, utilize the human potential that is available and can be improved further when decreasing our dependency on material conditions of existence.

Highlights

  • We can observe in developed countries significant changes in the character of industry, employment and social systems

  • We can understand the concept of so-called Fourth Industrial Revolution as an expression of the inertial thinking in the historical turning point

  • – First, they are themselves part of the economic growth

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Summary

Introduction

We can observe in developed countries significant changes in the character of industry, employment and social systems. Their evaluation highly depends on the point of view that the evaluators take into account. We can understand the concept of so-called Fourth Industrial Revolution as an expression of the inertial thinking in the historical turning point. Its consequences contain calculations that 40 % or even more people could be (on the labour market) unnecessary. Once the system begins to exhibit the economic and social consequences of the current economic system and loses its effectiveness, not being able to open up new growth areas, the concept of Fourth Industrial Revolution could be hijacked to social segregation and market discrimination

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