LABOR MOBILITY ENHANCEMENT AS A FACTOR OF HUMAN CAPITAL DEVELOPMENT
DOI:
https://doi.org/10.15407/economyukr.2023.02.073Keywords:
human capital; labor mobility; labor market; structural disproportionsAbstract
Taking into account the increased importance of human capital in the modern world and its huge potential for economic development, creating favorable conditions for the accumulation of human capital and improving its characteristics will allow to obtain a significant and long-lasting socio-economic effect. Labor mobility is the fundamental prerequisite for its purposeful formation in today's dynamic world. Labor mobility is an objectively existing phenomenon of any labor market; it reflects the movement of labor force as a commodity, and its dynamics shape the market situation. Relocation is a significant factor affecting overall labor productivity, the use of labor force, and therefore, the formation and use of human capital. Labor mobility, which determines the qualitative characteristics of the labor force, its potential ability to change functions in the production of tangible and intangible goods, readiness for professional and qualification growth, mastering new professions, the ability to adapt in dynamic production conditions, is determined by the prospects of the structural transformation of the domestic economy, changes in the regional specialization in the process of post-war reconstruction of the economy and modern economic conditions, when technological processes and labor market requirements for the functional duties of employees are rapidly changing.
Structurally deformed, disproportionate, lacking its own stable drivers of development, the domestic economy is not able to properly respond to existing risks and crisis fluctuations. Troubles accumulated in the labor market are characterized not only by threats, but also by serious negative consequences. During wartime and in the period of post-war reconstruction, state policy measures in the field of preservation and use of human capital should be as effective as possible and aimed at reducing structural imbalances in the field of employment, ensuring the efficiency of "social elevators", improving the systemic package of legislative and socio-economic means for regulating the labor market and social and labor relations.
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