Digitalization of the Labor Market in the Fourth Industrial Revolution

Abstract

The article analyzes the trends of digitalization of the labor market in the fourth industrial revolution. In the course of our work, we used empirical (observation, description, calculations and measurement) and theoretical (analogy, comparative analysis, literature analysis) research methods. New specialties and competencies that will be in demand in the future, as well as barriers to retraining of employees, have been identified. The impact of the covid-19 coronavirus pandemic on the labor market is also being considered. On the example of the entertainment industry, the effect of the introduction of quarantine measures is demonstrated. The conclusion is made about the future prospects for the development of the labor market in the conditions of the crisis. A number of anti-crisis measures based on the methods of planned economy are proposed.

Analysis of Food Supply Chain Digitalization Opportunities in the Function of Sustainability of Food Placement in the Western Balkans Region

“…Based on the literature review and analysis of academic studies, as the most significant indicators for the implementation of the FCS digitalization process, the following were identified: the application of Blockchain Technology (BT) [32], the use of modern IT solutions for traceability [33], the implementation of the Internet of Things (IoT) [34], the introduction of Artificial Intelligence (AI) [35], the development of a system for electronic food placement [36], the implementation of standards, measures, and procedures for regulating the digitalization process [37], continuous training of employees [38] and economic and financial measures and incentives [1].…”

“…In transition countries, such as most WB countries, continuous training of employees is a crucial issue for the success of the implementation of the FSC digitalization process. Simply put, digitalization requires new skills and competencies that will be in demand in the future [38]. Employees must have specific continuous training, and get familiar with special practices, etc.…”