Transformation of the world labor market in the context of globalization

Abstract

The aim of the study is to analyse trends in the global labor market and identify transformational manifestations in the global labor market in the context of globalization. It is emphasized that the transformation of the world labor market is one of the important forms of globalization, as the international labor market is a world economy’s subsystem and directly affects the dynamics of economic growth and macroeconomic balance. The preconditions for the transformation of the world labor market in connection with demographic and migration processes have been studied. Significant territorial differences in the population’s reproduction in the regional context, historical and current factors in the development of international migration were studied. The dynamics of employment and unemployment in countries with different levels of economic development, structural and vocational transformations in the world labor market are analyzed. It is concluded that the formation of migration models is due to the manifestations and forms of economic growth. The probability of complicating the structure of economic migration due to the increase in the share of highly skilled workers in the overall structure of labor migration flows has been established. Basic employment trends are formed under the influence of structural transformations in the world economy and development of innovation processes. This changes the role of employee in the economic outcome, causing demand for highly skilled workers in the interdisciplinary field. Was made the conclusion that labor migration creates the preconditions for rational use of human resources in the world labor market and prevent deepening inter-Ukrainian labor disparities. This was based on the fact that the functioning of the world labor market is dominant in global socio-economic changes through the international migration’s intensification.