3. The impact of the fourth industrial revolution on education and the labor market

Pirohov-Tóth Barbara, Kiss Zsuzsanna

A significant part of literatures on the present and future of industry and labor market states that in our days the fourth industrial revolution is taking place. In our study, we undertake to explore the impact of digital transformation on education and the labor market, and to examine the changes that have taken place in recent decades in the highest school qualifications of Hungarian people. Our goal is to highlight the connection between the acquired skills and industry 4.0. We have come to the conclusion that, as a result of digital development at extreme speed, the social and economic environment has undergone significant changes. The education of the Hungarian population has been steadily increasing in recent decades, with a drastic reduction in the proportion of uneducated people, while at the same time increasing the proportion of graduates of secondary and tertiary education. This is a very positive trend, because in an accelerated world, future workers need to learn new skills in order to succeed in the labor market. As a result of rapid technological progress, a number of problems that have not been solved in the education system will have to be solved. And in order to benefit the greatest advantage from the fourth industrial revolution that is taking place, industry, education and the labor market need a more coordinated functioning than ever before.

Keywords: fourth industrial revolution, digital transformation, labor market, education, highest qualification

JEL: O33, M15, J24, I21