UDC 331.56: 338.1: 338.2
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
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.
digitalization, 4th industrial revolution, labor market, labor productivity, wages, economic policy, human capital, knowledge economy.