Romania ranks among the European countries where technology is destroying jobs mainly in those sectors with a high prevalence of unskilled manual workers like construction or agriculture, according to an International Monetary Fund (IMF) study.
The study, called “The Structural Determinants of the Labor Share in Europe”, suggest that some European countries perform much better than others in terms of labor share to GDP. According to IMF, the value-added share accrued to labor commonly known as the labor share – the ratio of labor compensation (wages and benefits) to national income – has been on a downward trend in […]
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