Current Labour Market Challenges in the Light of Future Economic and Demographic Developments
Economic growth and GDP growth have been dramatically affected by the COVID-19 pandemic. Both indicators are the factors that decisively affect the situation in the labour market, which is currently facing major challenges. One of the challenges is aging population. The number of the working- age po...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Academy of Economic Studies (ASE)
2022-06-01
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| Series: | European Journal of Interdisciplinary Studies |
| Subjects: | |
| Online Access: | https://ejist.ro/files/pdf/484.pdf |
| _version_ | 1827595057980506112 |
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| author | Adriana GRENČÍKOVÁ Jozef HABÁNIK Jana ŠPANKOVÁ Matej HÚŽEVKA Martin ŠRÁMKA |
| author_facet | Adriana GRENČÍKOVÁ Jozef HABÁNIK Jana ŠPANKOVÁ Matej HÚŽEVKA Martin ŠRÁMKA |
| author_sort | Adriana GRENČÍKOVÁ |
| collection | DOAJ |
| description | Economic growth and GDP growth have been dramatically affected by the COVID-19 pandemic. Both indicators are the factors that decisively affect the situation in the labour market, which is currently facing major challenges. One of the challenges is aging population. The number of the working- age population is declining, which may also have a significant impact on GDP growth in the future. The main purpose of the study is to analyse past and predicted GDP growth rates and the past and predicted shares of the working age population in the selected economies. Based on the analyses, the study attempts to identify the factors that are able to stimulate GDP growth while the size of working age population is predicted to shrink in the future. In the opening section of the empirical part, a comparison of the GDP evolution in China, Russia, USA, India, Slovakia and the EU is presented. Subsequently, long-term GDP and demographic forecasts are presented. It follows from the analyses that it is necessary to introduce new technologies to replace the shrinking workforce if sustainable economic growth is to achieve. |
| first_indexed | 2024-03-09T02:46:17Z |
| format | Article |
| id | doaj.art-66589e8eb3fc44cc813e994d7782aaf7 |
| institution | Directory Open Access Journal |
| issn | 2067-3795 |
| language | English |
| last_indexed | 2024-03-09T02:46:17Z |
| publishDate | 2022-06-01 |
| publisher | Academy of Economic Studies (ASE) |
| record_format | Article |
| series | European Journal of Interdisciplinary Studies |
| spelling | doaj.art-66589e8eb3fc44cc813e994d7782aaf72023-12-05T16:15:27ZengAcademy of Economic Studies (ASE)European Journal of Interdisciplinary Studies2067-37952022-06-0114110011210.24818/ejis.2022.07Current Labour Market Challenges in the Light of Future Economic and Demographic DevelopmentsAdriana GRENČÍKOVÁJozef HABÁNIKJana ŠPANKOVÁMatej HÚŽEVKAMartin ŠRÁMKAEconomic growth and GDP growth have been dramatically affected by the COVID-19 pandemic. Both indicators are the factors that decisively affect the situation in the labour market, which is currently facing major challenges. One of the challenges is aging population. The number of the working- age population is declining, which may also have a significant impact on GDP growth in the future. The main purpose of the study is to analyse past and predicted GDP growth rates and the past and predicted shares of the working age population in the selected economies. Based on the analyses, the study attempts to identify the factors that are able to stimulate GDP growth while the size of working age population is predicted to shrink in the future. In the opening section of the empirical part, a comparison of the GDP evolution in China, Russia, USA, India, Slovakia and the EU is presented. Subsequently, long-term GDP and demographic forecasts are presented. It follows from the analyses that it is necessary to introduce new technologies to replace the shrinking workforce if sustainable economic growth is to achieve.https://ejist.ro/files/pdf/484.pdfgross domestic productcovid-19labour marketdemographynew technologies |
| spellingShingle | Adriana GRENČÍKOVÁ Jozef HABÁNIK Jana ŠPANKOVÁ Matej HÚŽEVKA Martin ŠRÁMKA Current Labour Market Challenges in the Light of Future Economic and Demographic Developments European Journal of Interdisciplinary Studies gross domestic product covid-19 labour market demography new technologies |
| title | Current Labour Market Challenges in the Light of Future Economic and Demographic Developments |
| title_full | Current Labour Market Challenges in the Light of Future Economic and Demographic Developments |
| title_fullStr | Current Labour Market Challenges in the Light of Future Economic and Demographic Developments |
| title_full_unstemmed | Current Labour Market Challenges in the Light of Future Economic and Demographic Developments |
| title_short | Current Labour Market Challenges in the Light of Future Economic and Demographic Developments |
| title_sort | current labour market challenges in the light of future economic and demographic developments |
| topic | gross domestic product covid-19 labour market demography new technologies |
| url | https://ejist.ro/files/pdf/484.pdf |
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