STRUCTURAL CHANGES IN THE ROMANIAN LABOUR MARKET
Authors
- Geo-Alexandru SPÂNULESCU — The School of Advanced Studies of the Romanian Academy (SCOSAAR), Bucharest, Romania
Abstract
Analysis of the effect on the evolution of the labor market predicts a significant increase of demand in skills and qualifications on all levels of workplaces in the future. Industrial and technological changes bring along higher demands of medium-to-highly qualified personnel, while leaving behind the underprepared. Workplaces that required a low level of preparation in the past have also shown a constant increase in medium or even high-level skill requirements. Currently, the level of skill demand is increasing in all professional categories, including even the lowest tiers of occupations. There is a noticeable increase in demand for a highly qualified and adaptive workforce, as well as workplaces requiring high qualifications and formal education. Requirements regarding skills and qualifications also suffer a significant increase in all workplace levels. Structural changes in the labor market lead to a polarizing increase of workplaces dedicated to the highly-qualified, resulting in a drop of demand for workplaces involving trivial tasks, suited for the less qualified personnel. Thus, workplace polarization occurs on all professional levels creating a significant imbalance in favor of the highly-qualified. In this context, less qualified personnel (or non-qualified) will face multiple adversities when searching for a workplace in the future as well as confronting the permanent threat of unemployment (statistics indicating that non-qualified or less qualified personnel have approximatively twice the unemployment rate when comparing them to the highly-qualified category). In the same context, Romania’s economy is also in a constant and dynamic change process, generated both by the transition to a market-based economy and by the effects of globalization. To further understand the labor market mechanisms, this paper analyses a series of statistical indicators obtained either through direct measurement such as: labor resources, active population, working population, number of employees, number of unemployed, either through calculation of derived indicators such as: activity rate, employment rate, unemployment rate, etc.
Keywords: labour market, employment, segmentation, unemployment
Cite this article
APA: Geo-Alexandru SPÂNULESCU (2019). STRUCTURAL CHANGES IN THE ROMANIAN LABOUR MARKET. Internal Auditing & Risk Management, Vol. 56, No. 56, pp. 88-97. https://doi.org/10.5281/zenodo.3592071
BibTeX:
@article{geoalexandruspnulescu2019138,
title = {STRUCTURAL CHANGES IN THE ROMANIAN LABOUR MARKET},
author = {Geo-Alexandru SPÂNULESCU},
journal = {Internal Auditing & Risk Management},
year = {2019},
volume = {56},
pages = {88----97},
doi = {10.5281/zenodo.3592071}
}