Treffer: Theoretical Analysis on the Effect of Digitalization on the Labor Market.

Digitalization causes the disappearance of professions based on routine processes and the emergence of specialties with the management and creative competencies. Nowadays, all spheres of human activities are covered by digitalization. The development and adaptation of digital technologies may cause structural unemployment in many industries because of massive automation. Thus, in a short time, the supply of labor will not correspond to the demand. The aim of this paper is to reveal the most important competencies in the labor market and investigate how these competencies can be gained in Russia. For these purposes, the evaluation impact of digitalization on the labor market on the whole was analyzed. Subsequent to this, the impact of new technologies on the development of the Russian labor market was investigated. After that, the ways of eliminating the gap between current and required competencies were determined. The results showed that using digital technologies increases the demand for new competencies, not higher education. In the digital economy, the most necessary competencies are: systems thinking, adaptability, ability to work with IT systems, creative thinking, multiculturalism, and teamwork. Moreover, there is a need for lifelong learning. For the development of these required competencies, the modernization of the education system like Major-Minor system, company-university cooperation, online education on digital platforms is necessary. [ABSTRACT FROM AUTHOR]