Over the last 40-50 years, the global labor market has changed substantially. There are several factors having influenced it very strongly: Knowledge and skills of active people have increased to a large extent. Modern technology has impacted the labor market also beyond any expectation. Global market has become decisive for the operations of national economies. International institutions have a growing impact on economic transactions at all levels and are conducted by all economic actors. National and international regulations have a decisive impact on the functioning of the labor market. Labor organizations are more influential than ever in history.
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