Research on the Internal Logic, Practical Dilemmas and Promoting Policies for Improving Income Distribution through Digital Transformation of Industries

Xiaoshu Sun; Zhiyuan  Wang

doi:10.62177/apemr.v2i3.373

Authors

Xiaoshu Sun Northeastern University
Zhiyuan Wang Shanghai Maritime University

DOI:

https://doi.org/10.62177/apemr.v2i3.373

Keywords:

Income Distribution, Labour Income Share, Digital Transformation, Common Wealth

Abstract

Income distribution is an important issue in China's modernisation path, and is a key part of achieving the goal of common wealth. In the era of booming digital transformation, digital factors can improve income distribution and promote the realisation of common wealth through the skill premium, lowering the entry barrier to work, easing capital deepening and improving resource mismatch. However, due to the constraints of the digital transformation process itself, the substitution of data elements for labour elements has resulted in skill unemployment, the diffusion path of digital transformation has exacerbated the widening of the income gap, and the free qualities of the digital era have exacerbated the oppression of capital on labour. Therefore, it is necessary to take a multi-pronged approach and make joint efforts from the perspectives of the government, enterprises, and labourers to give full play to the positive effects of digital transformation on improving income distribution, and to promote the substantial progress of common wealth.

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