The possibilities of billions of people connected to mobile devices, with unprecedented processing power, storage capacity and access to knowledge, are limitless. These opportunities will be multiplied by upcoming technological breakthroughs in fields such as artificial intelligence, robotics, the Internet, autonomous vehicles, three-dimensional printing, nanotechnology and others. The subject of the final paper is the impact of the fourth industrial revolution on the labor market and the productivity in the field what changes it will bring. The aim of the paper is to present the concept of the fourth industrial revolution and its impact on the labor market and productivity, while the purpose of the paper is to point out the importance of implementing Industry 4.0 in the economy and how important its impacts are for productivity progress and positive changes in the labor market. Based on the available information, it is realistically expected that changes in targeted adaptation to Industry 4.0 will be implemented primarily in the domestic private sector and in parallel in the science and education segment, with low labor market adjustment, which could reduce significant consequences in terms of its non-competitiveness and needs changed in relation to contemporary trends in various spheres of the labor market.