Labour Market Challenges: Will There Be “Dystopian” Risks?

Cismas Laura Mariana, Dumitru Cornelia and Negrut Teodor
Additional contact information
Cismas Laura Mariana: Univ. Prof. PhD, West University of Timisoara, Faculty of Economics and Business Administration, Romania
Dumitru Cornelia: PhD. Scientific Researcher, Institute of National Economy, Romanian Academy, Romania
Negrut Teodor: PhD Student, West University of Timisoara, Faculty of Economics and Business Administration, Romania

Timisoara Journal of Economics and Business, 2022, vol. 15, issue 1, 91-110

Abstract: The current labour market is at a crossroads: on one hand, there are challenges triggered by technological pressures and perks, aiming at a greener, more sustainable and resilient economic growth, and on the other hand, there are the changes and tensions generated by the current institutional frameworks, that show delays in mitigating the apparent “de-socialising” of this market. The pandemic paradox of 2019-2021 has emphasized several vulnerabilities particularly of economic-institutional nature. Traditional theories seem unsatisfactory while unorthodox approaches are faced with hesitancy. The present paper intends to present a brief analysis of labour market’s challenges in the immediate future by proposing a mixed approach combining traditional statistical-data with a less employed institutional framework. The approach is substantiated and constructed by the structural and cognitive features that the new labour market would require. It suggests a possible way for considering the aims of the Green Deal, the vulnerabilities highlighted by the pandemic and by the recent conflict in the immediate proximity of the EU-27. All these developments bring about changes for several socio-economic categories, rendering most of them vulnerable. The split between “essential” and “non-essential” economic activities, platform work and the gig economy hint to increased relevance of the three types of intangible capital: human, social and intellectual. This will require an integrating perspective, if severe economic and social effects are to be avoided in the immediate future. The model we propose aims to show how, by taking account of the human, social and intellectual capital, better policies can be developed as regards labour market efficiency and efficacy.

Keywords: Labour market; “de-socialising”; Intangible capital; Socio-economic categories; Economic policies (search for similar items in EconPapers)
JEL-codes: J08 J24 J68 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/tjeb-2022-0006 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:timjeb:v:15:y:2022:i:1:p:91-110:n:1006

DOI: 10.2478/tjeb-2022-0006

Access Statistics for this article

Timisoara Journal of Economics and Business is currently edited by Mihaela Neamtu

More articles in Timisoara Journal of Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().