11 The changing nature of the graduate employment market
The fourth industrial revolution
Charles Beraza
Introduction
In 2015, Klaus Schwab the founder and executive chair of the World Economic Forum discussed the concept of the fourth Industrial Revolution, (Anon, 2016, 2017a; Schwab, 2016; Von Hooijdonk, 2017). The concept, sometimes referred to as industry 4.0, refers to increased connectivity and where more communication, analysis and decisions can be taken by smart machines (Marr, 2016; Rosinski, 2017), which collectively will significantly impact on business and the employment market for years to come. According to Schwab (2016: 28), the impact of the fourth industrial revolution will be “so vast and multifaceted that it makes it hard to ...
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