Russian aggression as a factor of the migratory crisis and transformation of labour market in Ukraine

Abstract

The article reveals the situation in the Ukrainian labour market, which developed as a result of the full‐scale Russian invasion and the associated with international migration. The main trends of the labour market are described. Today, on the Ukrainian labour market, the demand for labour significantly exceeds its supply. As a result of the economic upheavals, accompanied by large‐scale internal displacement and refugee flows, there is a huge loss of jobs and income. The economic damages associated with human losses as a result of the armed aggression of the russian federation are characterized. Attention is paid to migration as a key factor affecting the labour market. The need for short‐term and long‐term assistance to refugees and migrants who left Ukraine and other forcibly displaced persons was emphasized. Directions for updating the employment policy of the post‐war economy are proposed. Large‐scale labor migration of Ukrainians brings significant benefits to the economy, because it becomes a mechanism for reducing the level of poverty, unemployment and financial burden on the state, as well as a stabilizer of the macroeconomic situation in the country. However, the mass outflow of workforce, and in connection with full‐scale war and the mass outflow of refugees, puts under a threat to the post‐war recovery of the country, after all the implementation of strategic plans and programs requires a sufficient number of workers resources. During hostilities and post‐war reconstruction, state policy measures in the field of preservation and use of human capital should be as effective as possible. The migration of highly skilled labour is a rather big problem for Ukraine, which can turn into a national disaster.