Year: 2023 | Month: December | Volume 68 | Issue 4
Economic Consequences of Artificial Intelligence and Labor Automation: Employment Recovery, Transformation of Labor Markets, and Dynamics of Social Structure in the Context of Digital Transformation
Anastasiia Tokunova
Viktor Zvonar
Dmytro Polozhentsev
Valentyna Pavlova and Yuliia Teres
DOI:10.46852/0424-2513.4.2023.15
Abstract:
Globalization, industrialization, and digitalization have led to structural changes in the economy and
labor markets, affecting their internationalization, flexibility, labor mobility, and the emergence of new
forms of employment. The purpose of the academic paper is to identify the economic consequences of
digital transformation and automation of labor markets on the example of the EU-27 countries for the
period 2013-2022. The structural-functional analysis was used in the academic paper to characterize and
systematically study the economic consequences of digitalization and automation in the labor markets
of the EU-27 countries. The functioning of the labor market in various EU-27 countries in the context of
digital transformation is characterized by a number of features. The EU-27 labor markets are characterized
by rapid employment recovery, especially during the pandemic and economic downturn in 2020, and
employment revival in 2021-2022.
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