Relationship Between Marginal Productivity of Labor and 4th Industrial Revolution

Despite many opposing views on employment, the 4th industrial revolution is expected to increase employment by 6–10% in the manufacturing sector. Demand for the new workforce will be felt most in the mechanical-engineering sector. On the other hand, as the employment opportunities for the low-skilled workforce are reduced, the demand for the workers with different competencies will increase. In a plant where machines and robots manage the production process, the need for human resources will also decrease. In this context, human resources will be employed that can use the power of mind and knowledge instead of human resources based on muscle and body power. That is, the human factor will certainly not come to the end as a result of these new developments. But according to the different criteria, people will be wanted according to different knowledge and abilities. The use of technology with the 4th industrial revolution and the widespread use of robots will lead to a quantitative reduction in the labor requirement. But it will change its employment structure completely and achieve a new quality. Actually, there will brain power instead of body strength. Nowadays, we see that most of the work is done on computers. Even this shows that people need more technological wisdom than hand power. Work and changes are also being made to save people from unemployment with the 4th industrial revolution. For example, we will see changes in education and some countries did this. Schools will have software and coding courses. But according to the research we have done, we see that most of the professions will continue without humanity. For example, according to the 4th industrial revolution there will be robot teachers. Although the number of students in the classroom is expressed by them today, the number of students can reach up to 100 in open courses on the internet. In exams, multiple choice or yes / no responses can be controlled automatically; But the evaluation of the answer to the classical questions requires great effort and time for the trainers. Automated assessment software that uses natural language processing techniques can automatically analyze and evaluate a large number of long texts. The cloud-based grade assessment software developed on this benchtop transforms office devices into a device that reads and evaluates student test papers. The software automatically scans the test results. The developed system also prepares reports for each student, telling him / her that he / she is doing more wrong in which field and which field should work more. It is interesting but its real, I have specified that teachers will be not even need. But brain power is also needed to note evaluation software develop other software and programs. In this case, the human factor is involved. And we can say that the human factor will be removed from most professions, but even for this, the human mind and knowledge will be needed.

Cars that has no driver are another example of this. We know that in the 4th industrial revolution, there will also be driverless cars and public transport vehicles. When it comes to cars without a driver the first safety concerns come to mind. But when we look at the statistics, every year in the US, 40,000 people lose their lives in car accidents. Driverless cars are not perfect; It is aimed to be better than humans. It is estimated that there will be a significant decrease in this number with driverless cars. But in this case, the drivers of taxi and other public transport vehicles drivers will be out of the work. In this example, my mind is coming to another job again, this is automobile repair but there will be robot mechanics that can repair the cars. Perhaps the most valuable of the production factors, it is perfectly normal for labor to feel itself in danger in the developing and globalizing world. In these emotions, human beings who have looked sincerely against an enemy in technology have questioned when machines will take their place for many years. Even so, in films that are indispensable to our everyday life, frequent processing in books has made them the subject of scientific studies. But here the question is not the machines, but themselves. Societies or individuals who can’t fulfill the characteristics of the age are often out of play. We see this in the transition from agriculture society to industrial society, from industrial society to information society.

According to some researchers, the human element will become more important in the new industrial revolution, which is called the machine age. In the new era, people will also need human power to design, program, and create algorithms for machines. For this reason, as in other industrial revolutions, this revolution will be a source of employment. So in the marginal productivity of labor we said the number of workers received creates problems in the long run and reduces marginal productivity. Because After a while the performance of the employee will decrease or will affect the new incoming employee. But in 4th industrial revolution we say there will be high technology and robots. So employee number will be decrease, recruitments will decrease and people will be selected according to their abilities and marginal productivity will increase. That is, employees in the minority will increase marginal productivity, indicating that your labor will work better. But we always regarded it as good or bad. According to the research, there is also a balancing situation between the relationship between this development and labor. According to this opinion actually, the effect of development depends on the purpose and manner of its use by those who benefit from it. Therefore, it would not be right to say that technology will definitely work in one direction. In short, to increase marginal productivity the brain power will be used instead of the human physical force. Which means that people will be brain power instead of more people, which will increase marginal productivity.

Conclusion And My Opinions

As a result, we understand there is a sense of how marginal productivity of labor. While talking about the relationship between the industrial revolution and the 4th when robots or computers came instead of people we can’t say the marginal productivity will increase directly. But if there is a factory and this factory have employees that are robots, there can be some worker that are scientist. If they develop the robots and the robots started to work even faster, the marginal productivity of labor will increase. This only about that scientist’s toil. Of course there is productivity of computers and robots, but when we say labor it’s about people and people’s labor. So the 4th industrial revolution and its innovations, developments will good effect to economy, productivity, marginal productivity. But when we think about marginal productivity of labor there will be confusion.

Firstly, we talked about industrial revolution and its effects to people, jobs and marginal productivity of labor. I think the relationship between marginal productivity of labor and 4th industrial revolution is a bit complicated. So let’s think about there are two automobile factories. These factories are planning to bring production robots together with the 4th industrial revolution and they will pass serial production. But only one of them take a scientist for their computer system and robot employees. And this scientist work with R&D then he or she developed the system for more productivity. So this situation and study will increase productivity averages, both total output and marginal efficiency. And it also increased the marginal productivity of labor. Because there is scientist’s exertion. But other factory’s statics will be stable and they can’t take more productivity. So their marginal productivity of labor is may disappear. In my opinion, the 4th revolution is necessary for productivity and efficiency. This revolution will provide convenience and will good affect for innovation and education. People need to learn computer, code and software because everyday technology is growing and developing. So if education will change for this and arise qualified persons, people will keep up with the fourth industrial revolution and create new occupations. So, the excess power of the brain will positively affect the marginal productivity of labor. Because brain power is something that exists because of your human being and this is also labor.