Abstract
The article describes the modern understanding of the category of "New Normality" in the field of employment, including its informal segment. In the economic discourse of the problems of informal employment, the authors indicate two meanings of the category "New Normality": the first one characterizes informal employment as a new objective norm (as a characteristic, widespread, and stable phenomenon) of the present and the future; and the second one reflects the transformation of the sphere of employment, including its undeclared segment, in the process of creating a "New Normality" under the influence of demographic changes, globalization, digitalization and other global trends. Analyzed the main global trends contributing to the normalization of informal employment in modern macroeconomic development. Particular attention is paid to the trend of digitalization and significant social challenges due to its spread, first of all, the narrowing of the field of social and labor relations, the growth of unemployment, and the spread of informal employment. Established the factors that determine undeclared labor activity as a new norm of functioning of the global labor market. The authors substantiate the key systemic risks of transforming a high level of undeclared work into a "New Normality" of Ukraine's social and economic development. They include structural degradation of the national economy; demographic limitation for the potential of long-term economic growth; general institutional weakness and the strengthening of destructive institutions; high imbalance in the professional structure of labor demand and supply; and a significant deficit of decent work. One of the priorities of the national policy of state regulation should be the development of mechanisms to counteract and minimize the influence of the above mentioned five systemic factors, which would lead to the transformation of undeclared work in Ukraine into a "New Normality" of its socio-economic progress.
Highlights
The article describes the modern understanding of the category of "New Normality" in the field of employment, including its informal segment
The employment issues are considered in the context of the "New Normality" – a concept that means the establishment of new norms and rules but has some specificity of its interpretation
The attention is focused on informal employment which recently has become an integral part of the "New Normality" in the national and in the global dimension
Summary
The article describes the modern understanding of the category of "New Normality" in the field of employment, including its informal segment. In the economic discourse of informal employment problems, this interpretation is used in two meanings: the first describes informal employment as a new objective norm (in the sense of a distinctive, widespread, established phenomenon) of present and future and the second – the transformation of employment sphere including undeclared work in the process of creating a "New Normality" under the influence of demographic changes, globalization, digitalisation and other global trends. In both cases, whether informal employment is considered either as ISSN 2663–6557. Despite the measures taken to combat informal employment, its levels remain very high – 61.2% of the total employed in the world overall, reaching 85.8% in Africa, 68.6% in the Middle East and 68.2% in Asian countries, except for the Central and Pacific region (Table 1)
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