Industry 4.0 and the Labor Force
Industry relation management between the human resource and the company creates a havoc of business management concerns these days since business companies are rapidly changing the business setup in terms to the modern technological upgrades. Many high technology companies try to locate their production department for example in a “sub-unit” or a country with higher academic intellect. The theory of labor and capital intensive will again be a consideration to discuss the argument space between the gap of industry and labor skills.
One aspect that Bain and Clegg with the help of Jackson points out that the social structure as a whole will determine the capacity of the human skills to adhere to the requisites of the industry’s demand. Control of the labor processes must consider the knowledge and the academic skills being used in the industry. Labor process is defined as “the means by which raw materials are transformed by human labor, acting on the objects with tools and machinery”.
Congruently, the labor market these days demands greater academic qualifications to come up with the highly demanding industry task. Academic qualifications further argues the effectiveness of a master or a Phd. Graduate that sometimes the degree attained is not in congruent to the demand of the industries of today. Many Industries further classify labor applicants according to the universities they graduated. Indeed, the ILO (International Labour Organization) has huge labor cases that need concerns not only in a national or a country wide issue but rather International level affecting the famous conglomerate institutions.
Fundamentals of ILO
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