Is greater labour market flexibility what emerging markets need?

Yes, because it increases efficiency.
98% (39 votes)
No, because it reduces job security.
3% (1 vote)
Total votes: 40

Comments

In my opinion, over time more and more jobs and professions will disappear or change as artificial intelligence (AI) develops. In this connection, flexibility, the ability to change constantly, is the most important skill as the "labor market will become more and more mobile". That is, people will have to constantly learn something new and change jobs, so you need to create a flexible mind and develop the emotional intelligence to cope with these constant shifts. This is much more important than specific skills such as math, history or programming. The most important skills are related to flexibility of mind and emotional intelligence.
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Do developed countries have greater labour market flexibility than emerging economies? What are the advantages and disadvantages of greater labour market flexibility? How does labour flexibility affect economic efficiency? How does it affect job security? How does it affect emerging markets in particular?
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The flexible labor market has great opportunities and unlimited prospects for development and enables, without additional cost, to make better use of working time and production capacity. Flexibility of the labor market implies the possibility of adapting to changing conditions, the transition of workers from one form of employment to another, a wide range of conditions of wages, the organization of wages, additional payments, working hours, forms and methods of work. Labor market flexibility involves: 1) large territorial and professional mobility of workers; 2) flexibility of labor costs (including flexibility of the level and structure of wages) in response to changes in the economic situation; 3) flexibility of intra-industry and inter-industry differentiation of wages; 4) flexibility in managing human resources at the enterprise level (recruitment, rotation and dismissal procedures); 5) flexibility in the use of workers in various forms of employment; 6) flexibility of working modes and working time distribution. On the one hand, it contributes to economic growth and, consequently, to increased employment and well-being of the population. Flexibility makes it possible to create jobs for women, young people and reduce unemployment. On the other hand, the social protection of workers is weakening; jobs with unstable forms of employment, unstable employment relationships are being created, trade unions are being weakened, which makes them unable to effectively protect the rights of employees.
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The labor market flexibility assure the proficiency of workers and this will conduct to more efficiency of labor. Is an emerging market need to have labor market enough flexible. But in emerging markets the social protection is at the low level of interest compare to business stability and investment growth. In emerging market are some transitional periods between economic and social interests generated by social movement and demographic shifts.
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As though some conservative people do not want to change and no matter how comfortable it is for the majority to work in a permanent workplace and be assured of tomorrow, it is necessary to recognize that the flexible labor market is our future. The evidence lies on the surface - there are whole industries built on the implementation of short-term projects with a variable team of people, such as IT-outsourcing. I believe that the countries of Eastern Europe and Latin America have more potential in forming a flexible labor market. And it's not just about the cheapness of their workforce. The cultural aspect also plays a significant role. According to the book "Culture Map" by Erin Meyer, the developed world, including Japan, adheres to clear punctuality and rules and try to plan everything to avoid uncertainty. We could observe this fear of uncertainty while watching videos about British couriers working in Deliveroo. They were not entirely satisfied with the conditions offered by the flexible labor market. So, sooner or later, the market will be forcibly regulated and regulated in such countries and, as a consequence, lose its "flexibility". On the other hand, developing nations, as well as China, have a better mentality to adapt to the new global economic trends. For example, many Ukrainian programmers are self-employed using freelance platforms. The low level of prices and wages in Ukraine allows them to be more attractive than their competitors from other countries of the world, and at the same time be able to receive more (in terms of national currency) than by performing similar orders in the domestic market of services. This contributes not only to the positive trends in the balance of payments of a country that actively provides services through such platforms, but also to the equalization of labor prices worldwide. This, in turn, can reduce the negative trends in labor migration and balance levels of the economic development of different countries.
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Market flexibility and greater freedom for employees is our immediate future, I believe. In my own example, I can say that I am looking for flexible working hours and preferably remote working at home not to spend time and money on the way to work, lunch, etc. It is also important for me to be able to combine study and work. Every worker has the right to decide where and when to work, and the flexibility of the labor market provides it in a best way. This will allow you to work more efficiently and plan your own time. Improving mechanisms to protect workers' rights and fair pay are important. It is possible to set up international or local organizations to protect workers' rights in these areas of work.
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The answer to the question is difficult to find. After all, economic efficiency and social justice (job security too) are like Scylla and Charybdis in ancient Greek mythology. I answered “yes”, but in this comment I would like to clarify something. In the current context of the absence of significant barriers to labour migration, fierce competition for economic resources, the efficiency of their use (including labour) is a strong argument for labour market flexibility. In addition, flexibility is often the conscious choice of the hired employee. On the other hand, risks that threaten a person as a hired employee cannot be dismissed. Protection of her rights is the basic principle of development of a modern civilized society. Therefore, I answered “yes” provided there is a real legislative protection of human rights and freedoms in the country (this person can be in the status of both an employee and an employer).
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Greater labour market flexibility can be analised from two perspectives: from the employer and from the employees ones. For an employer perspective the most important aspects is that his business to work. The flexibility can assure an continous of productions but in the same time can be a problem for specializing the employees (is very important the domain that we talk about). For the employees, the flexibility can be seen as an way to be multi-skills and to adapt to different jobs. In the some company, employees can be switched from one departament to another ( one reason can be for the "refreshing" vibe that the new employees can give - i think is called ventilation - or another can be from keeping the classified aspect under control eg. at the big countries, before the launching of a new product). The flexibility can work efficient if the policy of the company allow this ( eg. if the company doesn't have a lot of labor force regulation) and if the purpose of the employees is the same as for the employers: increasing the productions. An important aspect is that the level of pressure/ stress in the level of employees can be an factor for forcing the flexibility labour market ( with positive and negative aspects).
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You cannot use other people's ideas or expressions as if they were your own, because that is considered plagiarism, an unethical practice. It is good that you research your answers, but you should acknoledge your sources, and write your answers in your own words not only to avoid plagiarism, but also to show that you understand what you write, and make it also easier to understand to an audience of students like you.
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In my view, more flexible labor markets are developing in emerging economies. If the labor market is not flexible enough, the economy will not be able to develop rapidly. Labor market flexibility contributes to increased competition and increases the economic efficiency of the activity. However, flexibility in the labor market must be moderate. Similar to the Pareto 80 * 20 optimum. Workers should have a minimum stable income (20%) to meet basic living needs. But the modern generation does not want to live their lives in one office. Modern life is dynamic, flexible and constantly looking for the best work.It is more difficult for employers now than for workers because it is important for them to have a permanent staff for stable activity.
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