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Social Risks of the Digital Economy

In recent years, the digital revolution and, especially, the problems associated with the transformation of the economy have become more and more interesting. However, few studies are devoted to issues related to the development of new methods of risk assessment and their impact on social processes in the context of the formation and development of the digital economy. It is unknown how the consequences of the digital revolution will affect the processes taking place in society. The purpose of this work is to study possible risks that may arise in the process of transforming the economy into a digital one, and primarily social ones. To study the risks of the digital economy, we use hierarchical methods that are characterized by a sequential algorithm for dividing a given set of items into subordinate subsets. The results of the study indicate that the risks of the digital economy have specific features that distinguish them from traditional ones. The authors demonstrate the classification of digital economy risks and show the place of social risks in it. A dynamic model of social risks in the digital economy is proposed. It is established that social risks in the digital economy are growing more and more from year to year. Research has shown that there is an urgent need to address the issue of skills imbalance in the labor market. It is necessary to increase the number of competitive employees who have a huge amount of knowledge, skills, and competencies necessary for this time, and constantly update them. The implementation of all this is impossible without the involvement of the state, the education system, public figures and the population.