Assuring SME’s Sustainable Competitiveness in the Digital Era: A Labor Policy between Guaranteed Minimum Wage and ICT Skill Mismatch

The aim of this paper is to analyze the real impact of ICT (Information and Communications Technology) skills mismatch on SME’s (small and medium enterprises) sustainable competitiveness in the presence of a guaranteed minimum wage. As part of public policies—the minimum wage needs to maintain a bal...

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Bibliographic Details
Published inSustainability Vol. 11; no. 10; p. 2918
Main Authors Avram, Alexandru, Benvenuto, Marco, Avram, Costin Daniel, Gravili, Ginevra
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 22.05.2019
Subjects
Competitiveness
Computer literacy
Economic conditions
Economic development
Economic growth
Employee benefits
Employment
Hypotheses
Income distribution
Information technology
Job creation
Labor
Labor market
Minimum wage
Productivity
Public policy
Skills
Small & medium sized enterprises-SME
Social exclusion
Wages & salaries
United States > US
Romania
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Summary:The aim of this paper is to analyze the real impact of ICT (Information and Communications Technology) skills mismatch on SME’s (small and medium enterprises) sustainable competitiveness in the presence of a guaranteed minimum wage. As part of public policies—the minimum wage needs to maintain a balance between increasing employment and not being a burden for the companies, leading them to bankruptcies, especially in times of disruptive change, in which economies have to be more resilient. The rapid progress in information and communication technologies has dramatically redefined rising unemployment as a result of skills mismatch. This paper aims to understand, on the one hand, whether there is a match between the supply demand of ICT skills, and how increasingly powerful digital technologies affect the skills, jobs, and demand for human labor. On the other hand, it aims to understand whether increasing productivity and a fair minimum wage could be an integrated approach for stimulating SME’s in increasing sustainable competitiveness.
ISSN:2071-1050
2071-1050
DOI:10.3390/su11102918