Assessment of legal regulations on labor market in the context of industrial Revolution 4.0

Abstract

The industrial revolution 4.0 is considered an important transformation period that has a profound impact on the labor market. Under the impact of the industrial revolution 4.0, the labor market has many opportunities and faces many barriers and challenges. The labor market is the place where the buying and selling of labor power by employers and employees takes place, therefore, in addition to being affected by the superstructure, the labor market is also affected by the impact of the superstructure. of the legal system and related policies. The labor market is ensured through the creation of the environment and institutions by the state to regulate arising relationships. In addition, the state also prescribes policies related to the labor market and those that deal with its deficiencies. At the same time, the labor market adjustment mechanism is also specifically recorded to ensure the efficient process of buying and selling labor between employers and employees. Under the impact of the industrial revolution 4.0, the labor market also has certain changes. Labor supply and demand fluctuations. The emergence of a number of new jobs to meet the requirements set forth in the context of the 4.0 revolution as well as the replacement of some job positions. This has a great impact on the legal corridor on the labor market. The article aims to analyze the legal situation and solutions to improve the legal corridor on the labor market under the impact of the industrial revolution 4.0.