Global and Ukrainian Labour Markets in the Face of Digitalization Challenges and the Threats of the COVID-19 Pandemic

Abstract

In the situation of growing global problems and dangers of anthropo-technological, medical-epidemiological, economic, environmental, demographic nature, the demand for identifying transformational changes in global and national labour markets is relevant. The fourth industrial revolution, the threats of the COVID-19 pandemic, the transition to Society 5.0 (Super Smart Society or Society 5.0) are the challenges that change the nature of the world of work, the man of labour, in every country and in humanity as a whole. They create new dangers, are accompanied by unpredictable consequences, but at the same time, they open new opportunities. Therefore, these processes require in-depth research. The purpose of the article is to study transformations on the global and national labour markets caused by the complex impact of digitalization processes and the COVID-19 pandemic. The theoretical and methodological basis of the study combines modern concepts of sustainable development, decent work, social risk and digital economy. Emphasis is placed on the importance to ensure the complementarity of sustainable, labour and digital development. The authors put forward and confirmed the hypothesis that today the transformations in the labour and employment markets are due to the complex influence of modern megatrends, first of all – the COVID-19 pandemic and the digitalization of the economy and society. In the present situation, the COVID-19 pandemic can be a trigger (accelerator) of the digitalization process. The results of the study show that the spread of the COVID-19 pandemic and quarantine restrictions stimulated the growth of demand for digital technologies to meet the communication, professional, consumer and economic needs of the people, contributed to the spread of new non-standard forms of employment using information and communication technologies. The authors present a system of transformational changes in the social and labour sphere in terms of digital and sustainable development; also, they propose key imperatives, priorities of strategic and tactical level to ensure the stabilization and balance of the labour market and employment in Ukraine.

The role of country's green brand and digitalization in enhancing environmental, social, and governance performance

“…Environmental factors refer to a country's policies and practices related to climate change, pollution, natural resource management, and other environmental issues (Menezes et al, 2022;Sultana et al, 2018). Social factors include a country's performance in areas such as human rights, labour standards, healthcare, education, and social inequality (Zaloznova et al, 2020;Szczepańska-Woszczyna & Gatnar, 2022;Ramli et al, 2022;Polcyn et al, 2023;Pudryk et al, 2023;. Governance factors refer to a country's political and institutional framework, including issues such as corruption, transparency, and the rule of law (Dźwigoł, 2021a;Miśkiewicz, 2021;Muradov, 2022;Nsouli, 2022).…”

Does Population Aging Impact China’s Economic Growth?

“…Zhu et al [19] pointed out that, with the increased aging of the population, the increasing number of elderly people and the increasing pressure on the young population will reduce the health level of residents, reduce the quality of the labor force, and have a negative impact on the labor market. In addition, these issues could be aggravated by the consequences of COVID-19 [20,21]. However, some scholars put forward different views.…”

Public Health System Economic Efficiency and COVID-19 Resilience: Frontier DEA Analysis

“…Due to the accumulation of specific problems in the socio-economic development of individual countries and the world at large, the consequences of the pandemic manifested themselves in different ways, drawing scientists’ attention worldwide. In particular, saw that due to the pandemic, there was an accumulation of crisis phenomena in economic and social sectors that negatively affected the economic security of the whole world [ 28 , 29 ]; cited the development of the digital economy during a pandemic [ 30 ]; cited changes in the labor market [ 31 ]; proved the negative impact of the pandemic on the expenses of Ukrainian households due to the closure of borders and a decrease in cash flows into the country [ 32 ]; in the researchers described in detail the problems that existed in the demographic sphere of many countries worldwide, which became the cornerstone of communication in the challenges of the pandemic [ 33 ]; in scientists discovered which sectors of the national economy and the socio-economic sphere needed the most attention from the government in the implementation of innovative policies due to the consequences of the pandemic [ 34 ]; and proved that the pandemic catalyzed systemic supply chain problems for sizeable multinational manufacturing companies [ 35 ]. So, it is undeniable that the COVID-19 pandemic has changed many different spheres of life in global society; researchers all over the world have changed the vectors of their research to connect the causes and consequences of the pandemic.…”