Features of Manifestation of Social Risks in the Conditions of Digital Economy

Abstract

The article takes a systematic approach to the analysis of social risks in the digital economy. The attention is focused on changes, which in digital economy happen faster than in the real economy, and both positive effects and negative social risks and their consequences sooner become obvious. The authors highlight those dominant characteristics of the society status, which reflect the response to the manifestations of social risks in the context of the emerging digital technologies in various spheres of human life. The main concern is on the social risk in the processes leading to replacing the functions performed by people with digital technologies as this may result in widespread unemployment as well as difficulties of adapting to it. The article formulates possible provisions of mitigation of the effects of the appropriate social risks (introduction of the notional income for the duration of the adaptation period). The article reveals interdependence of social risks manifested at the macro level with the risks of human resources beyond of macroeconomic approach. Understanding of the problem in such a way made it possible to carry out a comprehensive vision of risk management, not limited to the economic point of view only. In conclusion, the authors insist that prevention of risky events occurrence and reduction of their negative consequences as well as of the level of uncertainty for economic entities call for creation of intersectoral institutions for managing social risks. Activities of such institutions will be based on serious interdisciplinary study of the problem.