Impact of Digitalization on the Labor Market Development and Improvement

The formation of the labor market is similar to the process of formation of any other type of market. Like goods, work or services, labor as a unit of market relations undergoes the process of formation, distribution and redistribution. The digital transformation of the employment and labor market contributes to the formation of new approaches and models of relationships in this field of activity. Despite the generally accepted opinion about the evolutionary nature of digitalization processes, the impact of technology on the labor market does not have a uniquely positive characteristic. The relevance of the work is related to the fact that in the conditions of digital transformation of the economy, the labor market is also forced to undergo significant changes, to which the state and entrepreneurs have to adapt: to develop a legal framework to regulate relationships, to create new management mechanisms. The authors of this contribution try to assess the impact of digitalization processes on the development of the labor market and identify the potential for its improvement.