The essence and structure of the labor market

In an advanced economy, the organizational structure of the labor market is divided into several elements. These include the training system, the direction of state employment policy, the unemployed unemployment fund, the contract and hiring system. In addition, the structure of the labor market has a system of re-qualification and legal regulation of employment as part of the labor exchange. In this area, as in any transactions related to buying and selling, there are buyers and sellers. The first are entrepreneurs or labor collectives that have the ability and the ability to choose the number of mercenaries they require. Sellers in this situation are employees who offer their ability to work. features of the modern labor market

The formation of the labor market

The features of the formation of the labor market are based on the action of the law of supply and demand for labor. It has a significant impact on wages and shows a discrepancy in the labor market of incoming mercenaries with the number of vacancies available.

Here there is a fairly thorough and rigid choice of the most suitable for all parameters of workers. The features of the modern labor market provide for the stimulation of highly qualified personnel and facilitate the development of links between the results obtained and the efforts made to this end. The experience of many states shows that the labor market can not do without democratic institutions and a competitive economy that is based on private property. Its existence is excluded by a totalitarian society, since such a system considers a person as a legally and financially dependent subject from the state. After all, it is not important for him to use the existing potential effectively, but on the contrary, it is important to have a person in full disposition and submission to meet his own needs. The structure of the labor market can be free, but in such conditions it is only a hindrance. The distribution of labor has a similar name, while serving the economy, which belongs to the state.

labor market structure

Public production

Public production is part of the national labor market. It provides all the existing industries with the requisite mercenaries, which have both the relevant professional and qualifications, and labor and ethical merits. The structure of the labor market can be formed under the influence of deep processes that regularly arise in society. The development of the economy, man and social relations are three evolutionary flows that are interrelated. Due to their presence in society, progress is being made with its main components. features of labor market formation

The objective of the labor market

The main objective of the existence of the labor market is to obtain full and continuous employment on favorable terms for both parties, and to achieve a satisfactory standard of living for economically active people to meet professional and vital needs.