Technology investment in labor skills and production growth in the industrial sector

Abstract

This paper develops an endogenous growth model that describes the effects of investment in embedded
technology on labor learning on production growth in the manufacturing sector. It is based on the fact that, the
accumulation of workers' skills is an improvement in productivity that occurs when technological resources are allocated that improve the production process, which influences learning, and in turn, makes more efficient the work for the increase in skills. The results showing that the growth of production per worker in the sector is positively affected by the efficiency of technological learning of the workforce. Thus, the greater the
technological capacity in the company, the worker acquires greater skills that impact the growth of production.
Also, it is noted that there is a direct positive relationship between wages and learning acquisition.
Keywords: learning, production growth, job skills, technology investment.