INTERNATIONAL LABOR MARKET: DEVELOPMENT TRENDS

Abstract

The article analyzes the trends that accompany the international labor market. It was found that the peculiarity of the economic development of the world was the challenge of the spread of coronal infection COVID-19. The theoretical aspects of the formation of the world labor market in the context of labor migration. The state of the modern world labor market is analyzed; in particular, the main trends in employment and unemployment in recent years. It is established that the main problems that negatively affect the functioning of the international labor market are rising unemployment and declining employment. It was found that today the service sector is developing rapidly and the trends in employment in this area and the causes of the “brain drain” are analyzed. It was found that for the better functioning of the labor market it is necessary to create new jobs and stimulate the activity of economically active population, which will contribute to the economic development of the world. It is determined that the dynamic processes of intellectualization of production with large-scale development of innovative technologies in recent years lead to intensification of the process of redistribution of jobs with a rapid increase in the share of highly educated and skilled workers in the total number of employees. Emphasis is placed on the growing role of highly professional skilled labor, which is dictated by modern conditions of development. Improving the quality characteristics of employees is due to both the intellectualization of production and labor, constant updating of the range of products and the development of the knowledge economy, the main advantage of which is the knowledge resource and so on. It is determined that the main recipient countries of labor in the world labor market in Europe are the United Kingdom, the Netherlands, France, Germany, donor countries – Albania, Bulgaria, Poland, Romania, Ukraine and the CIS countries. It is emphasized that the international segment of the labor force is growing in the structure of the global labor market. The increase in this segment in recent years is due to the intensification of multinational companies. It is determined that the main features of the modern world labor market are structural changes, geographical mobility of the population and professional and qualification diversification.