PUBLIC POLICY OF LABOR MARKET TRANSFORMATION: CHALLENGES OF THE DIGITAL AGE

Abstract

The processes of technological change, which affected the livelihood of the state and production, are reflected in the vast majority of human activity- is a consequence of the rapid development of the digital economy. The new directions of activity of enterprises, institutions and organizations, born of innovative technologies, require staff to have the appropriate professional skills related to knowledge of the digital economy. The purpose of the study is to analyze the current state of the state policy of transforming the labor market and the formation of approaches to the implementation of changes, taking into account the challenges of the digital era. As the labor market development process shows, digitalization and technological progress have significantly influenced economic activity, revealing the requirements for the adaptive skills of specialists. This, in turn, will lead to the significant reduction and elimination of jobs in the near future. Digital transformation is a complex change due to the increased impact of technology aimed at relations in the social and economic spheres. The concept of Industry 4.0 provides for the emergence and further development of modern innovative activities. There is the urgent need to obtain and adapt the working population to the changing demands of the labor market. The introduction of new areas will require the significant number of employees, at the same time - the disappearance of obsolete areas will lead to significant unemployment. It is determined that the state policy related to the transformation of the labor market is faced with issues aimed at: regulating the balance between the performance of human work and automated systems; control over the safe use of leading technologies; formation of the necessary environment for business competition; increase in R&D funding; digital infrastructure development; introduction of stimulating character in payment of work in science-intensive and innovative spheres of activity; legislative regulation of issues related to the performance of remote work; strengthening the institutional boundaries of intellectual property protection; state support of subjects of innovative activity; attracting significant investments in the development of science and education; retraining of specialists in various fields of activity and employment.