THE WORLD LABOUR MARKET: THE CONSEQUENCES OF GLOBAL ECONOMIC CRISIS

Abstract

The article is devoted to the influence of the economic crisis on the world labour market. The main attention is paid to the analysis of different aspects of employment in the contemporary world which distinguishing features are growing unemployment, misbalance and instability. The contemporary world is characterized by the departure from the standard employment model where people get their salary as hired workers within the frame of legal labour relationships with employers, have the stable jobs and work full-time. The standard employment model is being progressively less used in the contemporary labour sphere, as less than one of four workers obtains employment on the terms of the respective model.As the author thinks the ongoing world labour market crisis leads to serious losses in the world economy. As the experts of the International labour organization forecast minimally three million people will seek job in 2015 and later on the number of unemployed will be increasing in arithmetic progression during four years annually by eight million people. In order to solve the employment problem for such number of unemployed it is necessary tocreate at least more than 200million jobs by 2019.The article gives the practical instructions worked out by the International labour organization and World Bank which implementation will contribute to overcoming the crisis in the labour sphere.