Demand and supply imbalance on the Russian labor market

Abstract

The specificity of the Russian labor market is due to a variety of approaches to its regulation associated with the use of tools from various economic schools. Understanding the problem of imbalance in the Russian labor market is based on the recognition of the inefficiency of the regulatory tools used. The labor market, embracing the problem of the formation of the level of employment and the formation of the level of real wages, influencing the level of poverty and social inequality, regulating and directing the processes of movement of labor in the country, is one of the key elements of the national economic system. The confusion of many approaches of various economic schools, the lack of integrity and uniformity in the actions of regulatory bodies reduces the potential of the labor market to ensure positive economic growth. The importance of human capital in the modern information economy determines the need for the formation and development of a mechanism that contributes to the balanced regulation of the problems of the modern labor market through the factors of the effectiveness of human capital. The stability of the development of the Russian labor market is influenced by the actions of the state in the sphere of regulating wages, unemployment, and domestic aggregate demand. The characteristics of the behavior of workers, the choice of the level of necessary education and the need for investment in human capital on the part of young workers also largely determine the intensification of the processes of development of the labor market.