Discrepancy between the Labor market and the system of vocational training in Russia

The article is devoted to the problem of mismatch between the labor market and the education system. There is a serious shortage of skilled workers and a surplus of unclaimed specialists on the Russian labor market. According to the latest Boston Consulting s research, 80% of working-age population in Russia don’t have the skills and competencies to work in the modern markets. Many experts predict that in the near future a lot of people will find themselves unemployed due to automatization of processes. Driven by this fear, people tend to misguide their own children, when it comes to the choice of the future profession. This tendency may lead to a massive threat to the Russian economy, which runs the risk of having a top-heavy state sector on the global market. Thus, it is becoming increasingly difficult to ignore the discrepancy between the labor market and the education system. The study seeks to find out whether the vocational training organized in Russian schools correspond to the real needs for employees in the modern market. The study was conducted by the method of secondary data analysis. We have analyzed 120 different sources ranging from scientific data and studies to analysis of media publications, blog posts and twits, experts opinion, that allows us to get a whole picture of the public sentiment concerning the labor market and the education system in Russia. The main conclusion of the study is, that the Russian labor market and education system don’t cooperate at all. In fact, there is vocational training in schools for unclaimed professions, and the demand of the labor market remains unsatisfied. If the situation doesn’t change in the near future, we will face large-scale unemployment, flourishing ignorance and rising crime in the society.