The Role of Smart Technologies in the Process of the Labor Market Transformation: Tendencies and Problems

Abstract

Purpose: The purpose of this paper is to study smart technologies in the process of labor market transformation and to study the main tendencies and problems connected to emergence of these technologies. Design/Methodology/Approach: Analytical and comparative analysis, grouping, processing of information, and statistical methods are used. Findings: The authors study the essence and the main perspectives of automatization of jobs in the labor market and consequences of this technology, including disappearance of a lot of jobs of traditional specialties and emergence of new professions. It is concluded that the largest changes in the structure of professions will take place in the sphere of information technologies. Technologies of speech recognition, cognitive computing, and other technologies will lead to disappearance of certain professions. Originality/Value: The authors study virtualization of jobs and its positive and negative consequences, including for certain categories of people (including handicapped people) and consider the main forecasts of further processes of virtualizaton. The authors analyze such smart technology in the labor market as digital platform and consider the perspectives of its development. Importance of regular monitoring of the current tendencies, including in the sphere of smart technologies, by government, timely forecasts of changes in the labor market, evaluation of the national and other workforce markets, and development of effective forms of managing the labor market in the modern conditions is substantiated. In perspective, it is necessary to develop theoretical approaches to the digital labor market, determine the structure of the digital labor market, and study the influence of smart technologies on development of the labor market.