Effect of the 4th Industrial Revolution on Employability – Case of Albania
Effect of the 4th Industrial Revolution on Employability – Case of Albania

Author(s): Milena Shehu, Areti Stringa
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: 4th Industrial Revolution; Employability; Skills gap
Summary/Abstract: The labor markets are undergoing significant changes as a result of the fourth industrial revolution’s implementation in every sphere of the economy. One easy image may come to mind when you hear the term “digital economy”: a robot employee, designed to perform specified tasks automatically. In any case, digitalizing employability entails more than just applying AI codes; it also entails raising performance standards, emphasizing soft skills among workers, eliminating low - and middle-level roles, and increasing demand for highly qualified workers. Albania has made significant strides toward economic digitalization. Numerous businesses, especially large ones, are spending money to advance the technologies they work with. Technological developments at the macroeconomic and sectoral levels are fundamentally changing the work market and employability in our country, having a significant impact on both employers and employability.

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