Authors :
Preetam Kumar Pradhan; Jayadev Bhanja; Himani Kochar; Apurba Sarangi
Volume/Issue :
Volume 8 - 2023, Issue 11 - November
Google Scholar :
https://tinyurl.com/5b326yx3
Scribd :
https://tinyurl.com/527rrucf
DOI :
https://doi.org/10.5281/zenodo.10209967
Abstract :
This study explores the complex web of
labour market dynamics with an emphasis on how wage
disparities, skill mismatches, and unemployment
patterns interact. The heart of any economy is its labour
market, which shapes both peoples' lives and the
economy as a whole. It is vital for policymakers, job
seekers, and employers to understand the factors that
contribute to wage discrepancies, skill gaps, and
variances in unemployment rates. Our study addresses
the complexity of labour market dynamics and offers a
thorough examination of salary disparities, skill gaps,
and unemployment trends. We advance knowledge of
the contemporary labour market and provide insightful
advice for individuals, corporations, and policymakers
managing the intricacies of the workforce by
investigating these interconnected elements. The
ultimate goal of this research is to increase societal well-
being by fostering economic success, reducing inequality,
and developing more inclusive labor markets.
Keywords :
Micro-Economy, Labour Market, Wage Disparity, Skill Mismatches, Unemployment Pattern, Skill Gap.
This study explores the complex web of
labour market dynamics with an emphasis on how wage
disparities, skill mismatches, and unemployment
patterns interact. The heart of any economy is its labour
market, which shapes both peoples' lives and the
economy as a whole. It is vital for policymakers, job
seekers, and employers to understand the factors that
contribute to wage discrepancies, skill gaps, and
variances in unemployment rates. Our study addresses
the complexity of labour market dynamics and offers a
thorough examination of salary disparities, skill gaps,
and unemployment trends. We advance knowledge of
the contemporary labour market and provide insightful
advice for individuals, corporations, and policymakers
managing the intricacies of the workforce by
investigating these interconnected elements. The
ultimate goal of this research is to increase societal well-
being by fostering economic success, reducing inequality,
and developing more inclusive labor markets.
Keywords :
Micro-Economy, Labour Market, Wage Disparity, Skill Mismatches, Unemployment Pattern, Skill Gap.
