Global Trends in the Labor Market and Balance of Losses and Benefits from Labor Migration

¹ Alexander Dubček University in Trenčín. Faculty of Social and Economic Relations. Študentská 3, 911 50 Trenčín, Slovakia
² Alexander Dubček University in Trenčín. Faculty of Social and Economic Relations. Študentská 3, 911 50 Trenčín, Slovakia

^* Corresponding author: emilia.krajnakova@tnuni.sk sergej.vojtovic@tnuni.sk

Abstract

The study deals with the analysis of global labor market trends in the European Union countries under the influence of free movement and labor migration within the European Union. Named analyzes include defining trends in the emigration and immigration flows of the workforce among the countries of the European Union that apply the policy of migration and countries that are the source of labor emigration. On this basis, labor migration losses and benefits are assessed and their impact on GDP creation on the labor market, the state budget and other economic and social indicators for countries with a migration policy and for countries with a strong majority of labor migration flows abroad are examined. On this basis, the processes of creating imbalances in the European labor market, which are affected by the absence of balance sheets in the benefits and losses of labor migration for individual countries, are examined. The analyzes and investigations carried out have resulted in the definition and justification of the shift in the balance of losses and benefits of labor migration towards a predominance of benefits for countries with a migration policy and a prevalence of losses for countries with a strong dominance of labor migration flows abroad.