THE BENEFITS OF DIGITALIZATION FOR THE LABOUR MARKET

Digitalization in the context of Industry 4.0 (digital revolution, smart industry, digital economy and more) confronts the world of work with many serious issues. Digitalization and robotics are not a challenge of the future, but already exist and are present in real time. New technologies, automation and digitalization have an influence on the quantity and quality of work, but also on the form and nature of work. As a result of the developments outlined above, we can expect a decreasing capability of employees to win the competition against technology. Technological change proves to have two important impacts - it is eliminating some jobs by replacing human workforce with robots, and it is changing the skill requirements of workers in many occupations. This will affect labour markets and social security systems at various levels, such as the availability of workforce, the need for new job skills or the maintenance of social standards. Threats can also be found in the shortage of skilled workforce, in the deficit of education for the needs of the labour market, the lack of adaptability and flexibility of the education system and also the unwillingness to learn.