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The impact of digitalization on the labour force in Germany, Switzerland, and Austria
An EY report prepared in collaboration with Oxford Analytica examined coming technological changes to the means of production, collectively known as Industry 4.0, which are set to radically change both national economies and the lives of individuals.
Nowhere is this more pronounced than in central Europe, where economies such as Germany must balance the successful transition to these tools while also to losing an estimated 3.5 million workers between 2015 and 2030.
Through examining tailored scenarios for the adoption of Industry 4.0 tools and techniques, the Future of Work study reveals likely industrial winners and losers, and wider economic effects that will shape the coming decade in each country.
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