UDC 331.56: 338.1: 338.2
Authors
M. V. Safronchuk,
Candidate of Economic Sciences,
Associate professor, Moscow State
Institute of International Relations,
Ministry for Foreign Affairs
of the Russian Federation
(MGIMO University),
Moscow, Russia
Abstract
The purpose of the work. The purpose of this article is to investigate the impact of the 4th industrial revolution
and the digital transformation of the world economy on the labor market. Research objectives – to find out
what changes, problems and challenges arise in the labor market. Determine the tasks facing the government,
the direction and format of their solution within the framework of economic policy.
Materials and methods. The research was carried out on the basis of statistics of international databases
and data of international expert communities and organizations, materials of the World Economic Forum. Used
scientific reports, research results of Russian and foreign scientists in articles and monographs. In the course of
the study, the method of scientific abstraction, comparative analysis, micro- and macroanalysis tools, analogy
methods, analysis and synthesis were used.
Result. Along with positive changes in the labor market, problems were discovered that increased the
imbalances of its indifferent segments and structural imbalance between demand and supply in general. The
growth of structural unemployment is amplified by crowding out effects and becomes threatening.
Conclusion. The government should strengthen investment in the knowledge economy, including the
development of human capital, without which digitalization is impossible. The importance of an annual increase
in investment in this area at a rate exceeding the GDP growth rate required to implement a digital
transition is emphasized.
Keywords
digitalization, 4th industrial revolution, labor market, labor productivity, wages, economic policy, human capital, knowledge economy.
