Labor Productivity Growth As A Factor Of Reducing The Working Poverty Rate : доклад, тезисы доклада


Тип публикации: доклад, тезисы доклада, статья из сборника материалов конференций

Конференция: International Scientific Congress «KNOWLEDGE, MAN AND CIVILIZATION»; Грозный; Грозный

Год издания: 2021

Идентификатор DOI: 10.15405/epsbs.2021.05.321

Аннотация: Until recently, the opportunities of the global economy allowed people to adjust their incomes due to migration. It is the lack of opportunities to provide stable and sufficient earnings for a family that leads people to make decisions about changing their place of work, moving to another industry, or changing the place of residencПоказать полностьюe to another region of the country. Such labor mobility can be considered as favorable factor in solving the problem of household poverty in a country without state participation. The COVID19 pandemic-related administrative bans in almost all the countries of the world have restricted the movement of labor both within and outside countries. The processes of employment and income generation will be preserved for some indefinite time within the borders of national and regional economic systems. In these circumstances, the problem of cross-national, cross-sectoral and regional differentiation of income of the employed will become more obvious. A significant decline in labor income as a result of a decrease in the effective demand of households is highly likely, which will affect the cutback in business revenue. The business response – a reduction in wages -will be unambiguous These processes will be typical for all the world's economies, and a significant contribution to lower wages in developing countries will be made by a larger supply of labor represented by returning migrants. Increasing inequality of labor income will become an objective reality.

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Журнал: European Proceedings of Social and Behavioural Sciences EpSBS

Выпуск журнала: 107

Номера страниц: 2407-2414

Издатель: European Publisher


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