Resource Economics is concerned with the efficient allocation of scarce resources among competing uses to maximize societal welfare.

Artificial Intelligence (AI) has had a profound impact on the Future of Work, transforming industries and reshaping job roles.

Technological change can create new job opportunities, eliminate existing job roles, and lead to increased productivity, impacting labor markets in complex ways.

Technological Unemployment refers to the job losses resulting from the introduction of new technologies that automate or replace human labor.

Manufacturing is considered to be the most vulnerable sector to automation due to the increasing adoption of robots and automated machinery.

Upskilling involves acquiring new skills, improving existing skills, and transferring skills to adapt to changing job requirements in the Future of Work.

Policy measures such as Universal Basic Income (UBI), Job Retraining Programs, and Investment in Education and Skill Development are used to mitigate the impact of Technological Unemployment.

Skills Gap, Skills Shortage, and Talent Crunch are terms used to describe the increasing demand for skilled workers in the Future of Work.

Information Technology, Healthcare, and Renewable Energy are sectors expected to experience significant growth in the Future of Work.

Digital Transformation, Industry 4.0, and Smart Manufacturing are terms used to describe the integration of digital technologies into traditional industries.

Quantum Computing, Blockchain Technology, and Internet of Things (IoT) are expected to have a significant impact on the Future of Work.

Data-Driven Decision Making, Business Intelligence, and Big Data Analytics are terms used to describe the increasing use of data and analytics in the workplace.

Transportation and Logistics, Retail and Wholesale Trade, and Food and Beverage Services are sectors expected to face challenges due to automation.

Gig Economy refers to temporary or freelance work arrangements, short-term contracts, project-based work, flexible work schedules, and remote work.

Telemedicine and Remote Healthcare, Artificial Intelligence (AI) in Medical Diagnosis, and Wearable Health Devices and Sensors are expected to transform the healthcare industry in the Future of Work.