Abstract: The labour market, undergoing technological advancements, has been considered unstable and challenging to predict due to its structural changes. The research objective has been to assess the correlation between technological innovation and indicators related to the labour market in selected countries. The influence of technological innovation on non-employment has been examined at the macroeconomic level. The empirical part has been involved in applying panel data regression analysis with fixed effects on selected twenty-one European countries. The regression has been conducted for the period from 2000 to 2020. As a proxy for technological changes, the ratio of triadic patent families to the population has been used. Variable research and development (R&D) intensiveness has been employed to measure the input for technological innovations, specifically the ratio of R&D expenditures to GDP. The model also includes controlling variables that influence unemployment. From the obtained results, it can be deduced that undesirable consequences on the labour market last approximately two years after the expansion of high technologies. As the findings suggest, the permanent impact of high technology on the labour market cannot be confirmed.

Keywords: labor market, technological innovation, unemployment, industry 4.0, regression analysis, variables

Pages: 2685-2697