The labor market

1.

THE MODERN WORLD OF PROFESSIO
THE LABOR MARKET
Prepared by: Anastasia Is
Supervised by: Svetlan

2.

THE MODERN WORLD OF
PROFESSIONS
The modern world of professions is a diverse and intricate
landscape, constantly evolving and adapting to the ever-changing
needs and demands of society. With advancements in technology,
globalization, and the expanding reach of communication, the
traditional understanding of occupations has undergone a profound
transformation.

3.

DEVELOPING NEW SKILLS
DIGITAL LITERACY
The ability to work with new
technologies and analyze
large
amount of data.
FLEXIBILITY AND
ADAPTABILITY
The ability to quickly adapt to
changes and learn new things.
COMMUNICATION
SKILLS
The ability to communicate
effectively and work in a team

4.

FUTURE PERSPECTIVE
REMOTE WORK
The growing
popularity of remote
work and free
schedule
FREELANCE
An increase in the
number of freelancers
and platforms for
remote work
THE
DEVELOPMENT
OF FACTORY
Automation of
production processes
and robotization in
varies industries

5.

THE LABOR MARKET
The labor market is one of the most important
aspects of any economy, representing a meeting
place between the supply and demand of labor. It is
based on the interaction between employers who are
looking for employees and employees looking for
employment.
EMPLOYER
EMPLOYEE

6.

CHANGES IN THE LABOR
MARKETS
1
The twentieth century: mass production, factories and professions are mainly
physical labor.
2
The Information Age: the advent of computers, increasing
demand for information technology specialists.
3
Nowadays: digitalisation,the reduction of some professions
and the emergence of new ones.

7.

THE LABOR MARKET
Factors that affect the labor
market include the overall
economic conditions, such as
economic growth or recession,
technological advancements,
government policies, and
demographic changes. These
factors can influence the level of
demand for labor, the types of
skills in demand, and the
prevailing wage rates
In a competitive labor market,
wages and salaries are
determined by the interaction of
supply and demand. If the
demand for a particular skill is
high and the supply is limited,
wages for those workers are
likely to be higher. On the other
hand, if there is an oversupply
of labor for a certain occupation,
wages may be lower.

8.

THE LABOR MARKET
The labor market is constantly evolving and can be influenced by various
external factors. For example, changes in technology can automate certain
tasks and reduce the demand for certain types of jobs, while creating new
opportunities in other sectors. Economic policies, such as minimum wage laws
or tax incentives for businesses, can also impact the labor market dynamics.
Understanding the labor market is important for policymakers, employers, job
seekers, and individuals planning their careers. It helps identify areas of
employment growth, skills in demand, and potential opportunities for job
seekers. Similarly, businesses need to assess the labor market to determine
the availability of workers with the necessary skills to meet their needs.

9.

THANKS FOR YOU
ATTENTION!