scholarly journals The COVID-19 Pandemic and Its Impact on the Global labour Market: an Analysis of Emerging Trends (Part One)

2021 ◽  
Vol 17 (1) ◽  
pp. 9-20
Author(s):  
Yury Odegov ◽  
Anton Razinov
Keyword(s):  
Labor Market ◽  
Labour Market ◽  
Socioeconomic Development ◽  
Self Regulation ◽  
Rational Solutions ◽  
Russian Economy ◽  
Emerging Trends ◽  
The World ◽  
Global Labor Market ◽  
Working Age

In the context of the economic crisis caused by the spread of coronavirus infection, the global labour market has faced serious challenges, on the timeliness and effectiveness of the response to which the viability of the world economy today depends. The crisis is global in nature and has a significant impact on investment, global value chains and international trade, with serious consequences not only for the economy, but also for the working-age population in all countries of the world. The global economic turmoil caused by the coronavirus pandemic requires a thorough analysis of the scale of its consequences in order to determine the most rational solutions. A situation of uncertainty about the future, fear of devastating consequences, and pessimistic forecasts were the companions of the first days of the pandemic. This article provides the first estimates of the level of unemployment and employment in various countries of the world in 2020. The article is divided into two parts due to its large volume. The first part reveals the reasons for the differences in the dynamics of unemployment in different countries of the world, calculates the elasticity of employment by GDP, considers the consequences of the pandemic for the global labor market in the context of changes in workers' incomes, and identifies the segments of the labor market that are most susceptible to impact. The second part of the article examines in detail the state of the Russian labour market and the dynamics of the main indicators of socioeconomic development of Russia before and during the pandemic, provides forecast values of indicators, reveals the features of adaptation of the Russian labor market to new challenges and their differences from the mechanisms of self-regulation during previous economic shocks, while focusing on the changes occurring in the informal sector of the Russian economy

scholarly journals The COVID-19 Pandemic and Its Impact on the Global labour Market: an Analysis of Emerging Trends (Part One)

2021 ◽  
Vol 17 (1) ◽  
pp. 9-20
Author(s):  
Yury Odegov ◽  
Anton Razinov
Keyword(s):  
Labor Market ◽  
Labour Market ◽  
Socioeconomic Development ◽  
Self Regulation ◽  
Rational Solutions ◽  
Russian Economy ◽  
Emerging Trends ◽  
The World ◽  
Global Labor Market ◽  
Working Age

In the context of the economic crisis caused by the spread of coronavirus infection, the global labour market has faced serious challenges, on the timeliness and effectiveness of the response to which the viability of the world economy today depends. The crisis is global in nature and has a significant impact on investment, global value chains and international trade, with serious consequences not only for the economy, but also for the working-age population in all countries of the world. The global economic turmoil caused by the coronavirus pandemic requires a thorough analysis of the scale of its consequences in order to determine the most rational solutions. A situation of uncertainty about the future, fear of devastating consequences, and pessimistic forecasts were the companions of the first days of the pandemic. This article provides the first estimates of the level of unemployment and employment in various countries of the world in 2020. The article is divided into two parts due to its large volume. The first part reveals the reasons for the differences in the dynamics of unemployment in different countries of the world, calculates the elasticity of employment by GDP, considers the consequences of the pandemic for the global labor market in the context of changes in workers' incomes, and identifies the segments of the labor market that are most susceptible to impact. The second part of the article examines in detail the state of the Russian labour market and the dynamics of the main indicators of socioeconomic development of Russia before and during the pandemic, provides forecast values of indicators, reveals the features of adaptation of the Russian labor market to new challenges and their differences from the mechanisms of self-regulation during previous economic shocks, while focusing on the changes occurring in the informal sector of the Russian economy

scholarly journals The COVID-19 Pandemic and its impact on the global labour market: an analysis of emerging trends (part two)

2021 ◽  
Vol 17 (2) ◽  
pp. 216-227
Author(s):  
Yuri Odegov ◽  
Anton Razinov
Keyword(s):  
Labour Market ◽  
Value Chains ◽  
Rational Solutions ◽  
Russian Economy ◽  
Emerging Trends ◽  
The World ◽  
Working Age ◽  
Employment Elasticity ◽  
Coronavirus Infection ◽  
The Impact

In the context of the economic crisis caused by the spread of coronavirus infection, the global labour market has faced serious challenges, on the timeliness and effectiveness of the response to which the viability of the world economy today depends. The crisis is global in nature and has a significant impact on investment, global value chains, and international trade, with serious consequences not only for the economy but also for the working-age population in all countries of the world. The global economic turmoil caused by the coronavirus pandemic requires a thorough analysis of the scale of its consequences in order to determine the most rational solutions. A situation of uncertainty about the future, fear of devastating consequences, and pessimistic forecasts were the companions of the first days of the pandemic. This article provides the first estimates of the level of unemployment and employment in various countries of the world in 2020. The article is divided into two parts due to its large volume. The first part analyzed the impact of the COVID-19 pandemic on the level of employment in various countries of the world, its consequences for the global labour market in the context of changes in the income of employees, and the amount of time worked. The features of the adaptation of the labor markets of individual countries of the world, as well as the reasons for the differences in the dynamics of the unemployment rate in different regions of the world, are revealed. The calculations of the employment elasticity coefficient for GDP for a number of countries of the world are carried out, the analysis of the obtained values is carried out. The segments of the labour market that are most affected by the impact of the pandemic are identified. The second part of the article identifies the main trends inherent in the Russian labour market before the outbreak of the epidemic and the trends whose outlines became visible during its manifestation. The essence of the main changes that occurred due to the need to adapt to new conditions is revealed. The main differences from the mechanisms of selfregulation of the labour market, which appeared during the previous economic shocks, are revealed. The impact of the pandemic on informal employment in the Russian economy is considered

scholarly journals The impact of migration processes on the labor market in the Republic of Moldova

2021 ◽  
pp. 125-139
Author(s):  
Valentina Cotelnic ◽  
Keyword(s):  
Labor Market ◽  
Labor Migration ◽  
Socioeconomic Development ◽  
Development Programs ◽  
Demographic Aging ◽  
The Social ◽  
Economic Transformations ◽  
Working Age ◽  
The Republic ◽  
The Impact

Economic transformations in recent years have produced changes in the social structure, as well as profound demographic changes, which have contributed to demographic aging and declining working age populations. Changes in the structure of the population, accompanied by migration have led to a reduction in the number of people employed, as well as to changes in the structure of employment. The study reveals that the socio-economic situation in the country, the imperfect evolution of the labor market, the diffifculty of securing a decent paying job, have put a signififi cant part of the population on the path of labor migration, which for many has become a necessity rather than a choice. At the same time, the remittances transferred in favor of individuals have become the only source of income for many households. All the above issues are current and, therefore, represent the topic of this research. The research was performed using comparative analysis methods, aided by graphs. Based on the results of this research, certain conclusions and recommendations were developed in order to promote a system of measures aimed at reducing labor migration, by applying sustainable socioeconomic development programs, which would contribute to the creation of new jobs.

Assembling a Labor Market

2019 ◽  
pp. 20-42
Author(s):  
Jeffrey J. Sallaz
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
New Technologies ◽  
The Philippines ◽  
Labor Costs ◽  
The Past ◽  
The World ◽  
Economic Process ◽  
Global Labor Market ◽  
Social Dynamic

The booming voice industry in the Philippines is a case of an emergent global labor market. New technologies developed over the past several decades allow companies to spin off or relocate their phone services anywhere in the world. Differences in labor costs across regions of the world matter, but the resulting search for ideal labor is as much a social as an economic process. To capture this social dynamic, this chapter analyzes markets as assemblages. The key mediators in such as assemblage are firms, states, and workers. This chapter provides the theoretical tools to understand labor markets as assemblages, and suggests why some assemblages are more stable than others.

Global Challenges to World Labor Market

2011 ◽  
pp. 51-58
Author(s):  
M. Tkachenko
Keyword(s):  
Developing Countries ◽  
Labor Market ◽  
Foreign Trade ◽  
Labor Markets ◽  
International Migration ◽  
Economic Strategy ◽  
Global Challenges ◽  
The World ◽  
Global Labor Market ◽  
National Economies

The author believes that the world labor market should be perceived as a taxonomic unit limited in its scope by the features of the national labor markets and, at the same time, having the incentives to expand as a result of the increasingly powerful factors of globalization. The key challenges to the global labor market are associated with the acceleration of the transnationalization of capital, with the changes in foreign trade, and with the increased international migration. All these global factors exert unambiguous impact on the jobs, the wages and the productivity in the national economies. Their impact on the economies of developed and developing countries varies considerably. Much will depend on the external economic strategy and the readiness of national labor markets to counter the external challenges.

Firms

2019 ◽  
pp. 45-64
Author(s):  
Jeffrey J. Sallaz
Keyword(s):  
Human Capital ◽  
Labor Market ◽  
Call Centers ◽  
The Philippines ◽  
Theoretical Terms ◽  
Business Units ◽  
Phone Calls ◽  
The World ◽  
Global Labor Market

Firms and business units that control the technologies to handle phone calls actively constructed a global labor market for voice services. In theoretical terms, they can be considered a form of liquid “voice capital.” An analysis of consulting reports reveals how voice capital sees the world as graded according to cost and human capital. Such grading offers voice capital two potential pools of labor: India and the Philippines. The ethnographic literature on voice offshoring to India shows that there was no stable assemblage there. Men use call centers as steppingstones toward technology jobs, while women who work as call agents are stigmatized.

scholarly journals Sustainability of workers in terms of the COVID-19 pandemic: international research experience

Upravlenie ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 101-108
Author(s):  
A. V. Popov ◽  
T. S. Soloveva
Keyword(s):  
Labor Market ◽  
Labour Market ◽  
International Research ◽  
Labor Relations ◽  
Single Point ◽  
Working Hours ◽  
Point Of View ◽  
Technological Aspect ◽  
Research Experience ◽  
The World

The purpose of the article was to study the influence of the COVID-19 pandemic on the sustainability of workers. The paper analyses relevant domestic and foreign publications in the field of labour and employment. There is no single point of view regarding remote employment as one of the most effective ways to preserve health of workers. Among the main disadvantages of remote employment are the lack of live communication and contacts with colleagues, difficulties with organizing the workflow in the technological aspect, as well as the difficulty of combining work and household responsibilities. Researchers have an unambiguous position on reducing the number of working hours, fears of losing jobs or earnings – such risks are increasing in many regions of the world, and part of the population has already directly faced such problems. At the same time, for example, fears of losing a job largely depend on the form of ownership, the specifics of the organization’s activities, etc. The study pays particular attention to the situation of certain categories of workers and vulnerable segments of society in the labour market. The authors outline the prospects for remote employment and maintaining the sustainability of the position of workers in the new socio-economic reality.Keywords: coronavirus pandemic, COVID-19, employment, labor market, labor relations, non-standard employment, remote employment, transformation of employment, unemployment

scholarly journals People with Disabilities in the Russian Labor Market: State and Prospects

2019 ◽  
Vol 9 (1) ◽  
pp. 4139-4143
Keyword(s):  
Social Support ◽  
Labor Market ◽  
Social Policy ◽  
People With Disabilities ◽  
Market Model ◽  
Level Of Education ◽  
Russian Economy ◽  
Working Age ◽  
Market State ◽  
Working Age Population

The existing system of social support and employment of people with disabilities has undergone significant changes in connection with the transition to the market model of the Russian economy, which necessitated the development and adoption of a new model of social policy in the field of employment of people with disabilities. The involvement of people with disabilities with a sufficient level of education in the work is of great importance as it contributes to the socialization of the person and understanding of their importance in society. Moreover, the employment of people with disabilities in the context of the country's declining working-age population will contribute to the saturation of the labor market and the filling of available vacancies by workers.

scholarly journals Impact of Industrial Revolution 4.0 on the Labor Market in Vietnam

2021 ◽  
Vol 12 (1) ◽  
pp. 94
Author(s):  
Nguyen Minh Tri ◽  
Doan Thi Nhe
Keyword(s):  
Artificial Intelligence ◽  
Labor Market ◽  
Market Structure ◽  
Industrial Revolution ◽  
National Development ◽  
Strong Impact ◽  
The World ◽  
Global Labor Market ◽  
Catch Up ◽  
Automation Technology

Industrial Revolution 4.0 is taking shape and has a strong impact on the global labor market. The strength of the system connecting everything and artificial intelligence as well as automation technology is changing the labor market structure of countries in the world in general and of Vietnam in particular. For the labor market, the Industrial Revolution 4.0 has created many opportunities and challenges that require managers to catch up in time to have appropriate directions and solutions to develop the labor market, and meet the requirements of the current national development career.

scholarly journals Issues regarding the impact of the coronavirus pandemic on the labour market

2021 ◽  
Vol 342 ◽  
pp. 08010
Author(s):  
Alina Niţescu
Keyword(s):  
Labor Market ◽  
Labour Market ◽  
Economic Crisis ◽  
Economic Sector ◽  
The World ◽  
The Impact ◽  
Specific Health

A year has passed since humanity was hit, on all levels, by the COVID-19 pandemic. In addition to the specific health, social, moral, etc. consequences, the pandemic has strongly influenced, perhaps in some segments even irretrievably, the economic sector, causing a new economic crisis that has put pressure on the economies of all states in the world. In this context, the labor market as a whole has recently undergone important changes, which have led to its transformation and the emergence or deepening of vulnerabilities. Thus, the paper aims to capture the main consequences of the pandemic on the labor market, especially on the fragile balance of the labor market in Romania.

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