Structural and Functional Concept of the Labor Market Ecosystem

Abstract

The purpose of the article is to identify the components of the labor market ecosystem, reveal the mechanisms of interaction and complementarity of these components, and identify opportunities for public authorities to influence the labor market in order to overcome its shortcomings and asymmetries. To achieve this goal, the authors used methods of correlation analysis, structural-logical and functional approaches, analysis and synthesis, induction and deduction, econometric and hypothetical methods. This made it possible to present the labor market ecosystem in terms of its internal and external environments, which should interact organically but in reality often act contradictorily, hindering and distorting the development of the ecosystem. By studying the process of forming the labor market ecosystem, the authors obtained reliable data on the correlation between employment and such components of the ecosystem as the volume of capital investments, the volume of final consumer spending, the volume of exports of goods and services, and the share of credit money in capital investments. The article pays particular attention to the creation of conditions for the development of human potential as a core component of the labor market ecosystem. The authors substantiate the role and directions of implementation of the regulatory component of the ecosystem, which is capable of limiting chaotic fluctuations and ensuring the purposefulness of the ecosystem as a whole.