Abstract

The object of this study is the problem of market regulation in modern Russia. The author has set a goal based on a comprehensive system analysis of the Russian Federation’s scientific works and normative legal documents to uncover and characterize the socio-economic and socio-legal aspects of the problems of regulating the labor market at the federal and regional levels. In his work, the author relied not only on solidarizing but also on alternative theoretical approaches and conclusions. The scientific results obtained in the course of the study allowed us to understand and substantiate that at the federal and regional levels, the Russian Federation requires a very serious adjustment of institutional mechanisms for regulating the labor market, on which the development of its economy depends. The scientific novelty of the work lies in the conclusion that in current conditions, Russia should provide more in-depth fundamental research of the labor market, which would contribute to the formation of more effective public policy in the regulation of the labor market, employment of the population. This will entail the need to develop the implementation of social, economic, industrial policy, considering its impact on the labor market.

Highlights

  • Problems of functioning of the labor market, which can have a very negative impact on the situation in the social sphere of any state, naturally, at all times, have interested both science and the government, almost all states seeking to regulate it through certain economic, social, legal mechanisms

  • The base of sources was composed with a retrospective approach, which allowed to trace the evolution, since the mid-twentieth century, of labor market regulation in Russia and other foreign countries and to identify the main variables related to the subject of research

  • State participation in the regulation of the labor market should be aimed at achieving a high level of employment; ensuring the most reasonable compliance of specialists’ training with the structure of necessary jobs; leveling the effects of unemployment; creating sufficient and necessary social, economic, legal conditions for the functioning of workers

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Summary

Introduction

Problems of functioning of the labor market, which can have a very negative impact on the situation in the social sphere of any state, naturally, at all times, have interested both science and the government, almost all states seeking to regulate it through certain economic, social, legal mechanisms. The Law on Social Insurance, adopted in the same year, provided social support measures for the unemployed and certain categories of employed citizens. Solving the employment problems and the labor market in 1946, the US Congress passed the Employment Act. As part of the anti-poverty program, laws were passed in the 1960s that were designed to reduce social tensions in society and stimulate economic growth by providing high levels of employment and consumption, which in our view, laid the foundation for the mass consumption society [2]

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