THE INFLUENCE OF DEMOGRAPHIC DYNAMICS ON THE LABOR MARKET

The process of globalization and decades of negative demographic trends necessitate a swift and effective systemic response to stabilize the labor market, particularly concerning the skills and numbers of the unemployed able-bodied workforce. This paper highlights the essential legal and ethical alignment with real macroeconomic dynamics influenced by numerous new determinants, driven by technological advancements that create and eliminate various occupations. The objective is to stress the need to align the labor market with the evolving demands for new skills required by the increasingly complex global market. Key steps include the ongoing talent competition, expediting recruitment and selection processes, adequately motivating and retaining employees, and adapting rigid legislative regulations to allow work beyond the age of 65. These measures aim to mitigate current negative labor market trends that could otherwise hinder strategic developmental goals.