The Labour Market in the New Information Economy

38 Pages Posted: 4 Oct 2002 Last revised: 16 Oct 2022

See all articles by Richard B. Freeman

Richard B. Freeman

National Bureau of Economic Research (NBER); University of Edinburgh - School of Social and Political Studies; Harvard University; London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP)

Date Written: October 2002

Abstract

The extension of information and communication technologies to economic activity is changing the labour market in important ways. This article shows that computerization and use of the Internet are associated with greater hours worked as well as higher wages; that IT occupations are rapidly increasing their share of employment; that job search and recruitment are moving rapidly to the Web, with consequences for matching employers and employees; and possibly most important of all, that trade unions have begun to use the Internet as a tool for servicing members and carrying their message to the public, raising the possibility of a major change in the nature of the union movement.

Suggested Citation

Freeman, Richard B., The Labour Market in the New Information Economy (October 2002). NBER Working Paper No. w9254, Available at SSRN: https://ssrn.com/abstract=336370

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