Impact of digitalization of the economy on transformation of the labor market: opportunities and threats

Abstract

The article discusses the current problems of digitalisation of the economy in the context of transformation of the labour market and employment. The study notes that in the current economic conditions, the digitalisation of the economy is becoming a lever that significantly affects the labour market and changes its situation. The changes in the structure of vacancies, in the content of work, and in the professional competences of the workforce are determined. The authors conclude that the digitalisation of the economy is a complex process that creates both additional opportunities and threats, especially in terms of employment. These trends and features draw the attention of many scholars to this topic and make it very relevant. The purpose of the article is to further develop theoretical provisions and practical recommendations on the impact of digitalisation of the economy on the transformation of the labour market and employment. The object of research is the process of labour market transformation, which is influenced by the digitalisation of the economy. The subject of the study is the theoretical and practical aspects of the impact of economic digitalisation on the transformational changes taking place in the labour market. The main results of the study: the evolution of the concept of ‘digital economy’ is investigated, the approaches of different authors to its essence are presented; the indicators of the labour market and employment in Ukraine are assessed, its features and development trends are determined; the essence of the concept of ‘digitalisation of the economy’ is clarified and specified; a conceptual scheme of digitalisation of the economy is proposed and substantiated; the opportunities and threats of the impact of the digitalisation of the economy on the labour market are summarised, as well as the expected results and possible consequences for employment are considered; measures of state regulation of employment are proposed in terms of opportunities and threats of the digitalisation of the economy to the labour market.