Transition to a new economy: transformation trends in the field of income and salary functions
-
DOIhttp://dx.doi.org/10.21511/ppm.17(2).2019.02
-
Article InfoVolume 17 2019, Issue #2, pp. 18-31
- Cited by
- 1393 Views
-
245 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
The rapid spread of information technologies and other phenomena in the new economy causes significant changes in the social and employment spheres. The objective is mainly to analyze and systematize the peculiarities of labor and payment for it in the new economy. In this paper, the analytical grouping method for characterizing salary functions, as well as changes in the social and labor sphere that take place in the new economy, correlation-regression analysis to determine the relationship between average income and factors affecting its level are used. The results of the paper show three important findings. Firstly, the gradual changes in the content of labor and forms of its organization that happen in modern conditions under the influence of dissemination of information and communication technologies require new approaches to income adjustment, management of employment of the population, development of professional education system. Secondly, the authors also found that the fair employee compensation, ensuring productive employment in modern conditions, is a challenge not only of the national, but also of international scale. Thirdly, the prospective directions of reducing inequality and social tension in society are the guarantee of the basic unconditional income, progressive tax on all types of income, reduction of the length of working time while maintaining payments and improving productivity. In addition to avoiding social dangers, it would be a proactive progressive function of expanding human development opportunities.
- Keywords
-
JEL Classification (Paper profile tab)J31, J38, J39
-
References44
-
Tables4
-
Figures0
-
- Table 1. Features of employment and organization of employee compensation in traditional and new economy
- Table 2. Salary and wage functions in traditional and new economy
- Table 3. Dynamics of average income in EU member states and Ukraine in 2008–2016, Euro per year
- Table 4. Relationship between average income and the factors affecting it in individual EU member states and Ukraine
-
- Antoniuk, V. P. (2016). Соціальна політика у сфері оплати праці: проблеми та шляхи забезпечення її гідного рівня (на прикладі промисловості) [Sotsialna polityka u sferi oplaty pratsi: problemy ta shliakhy zabezpechennia yii hidnoho rivnia (na prykladi promyslovosti)].
- Armstrong, M., & Brown, D. (2006). Strategic Reward: Making It Happen. London: Kogan Page.
- Atkinson, R., & Wu, J. (2017). The 2017 State New Economy Index: Benchmarking Economic Transformation in the States.
- Bechtel, R. (2007). Calculating human capital: the market based valuation of the human resource. German Journal of Human Resource Management: Zeitschrift für Personalforschung, 21(3), 206-231.
- Belkova, O. (2016). Как распоряжаться ресурсами страны. Опыт Норвегии [Kak rasporyazhatsya resursami strany. Opyt Norvegii].
- Bell, D. (1973). The Coming of Post-Industrial Society: A Venture in Social Forecasting. New York: Basic Books.
- Bilan, Yu., Mishchuk, H., & Dzhyhar, T. (2017). Human capital factors and remuneration: analysis of relations, modelling of influence. Business: theory and practice, 18, 208-214.
- Brintseva, O. H. (2016). Трансформація людського капіталу в контексті зміни змісту праці в новій економіці [Transformatsiia ludskoho kapitalu v konteksti zminy zmistu pratsi v novii ekonomitsi]. Ukraine: aspects of labor, 3-4, 46-49.
- Castel, R. (2002). The Metamorphosis of the Social Question. A Chronicle of Wage Labor. Konstanz: University Publishers.
- Deloitte (2017). The Deloitte Millennial Survey 2017. Apprehensive millennials: seeking stability and opportunities in an uncertain world.
- Deloitte (2018). Human capital trends.
- Dumanska, V. (2015). Оплата праці: українські проблеми на тлі світових тенденцій [Oplata pratsi: ukrainski problemy na tli svitovykh tendentsii]. Ukraine: Aspects of Labor, 2, 35-40.
- Eurostat (2018). Hours worked per week of full-time employment.
- Eurostat (2018). Mean and median income before social transfers (pensions included in social transfers) by household type.
- Eurostat (2018). Mean and median income by age and sex – EU-SILC survey [ilc_di03].
- Frey, C. B., & Osborne, M. A. (2013). The future of employment: how susceptible are jobs to computerisation.
- Fuchs, C., & Fisher, E. (Eds.) (2015). Reconsidering value and labor in the digital age, Dynamics of virtual work series. Basingstoke, Palgrave Macmillan.
- Graham, M., Lehdonvirta, V., Wood, A., Barnard, H., Hjorth, I., & Simon, D. P. (2017). The Risks and Rewards of Online Gig Work at The Global Margins. Oxford: Oxford Internet Institute.
- Henderson, R. I. (Ed.) (2005). Compensation Management in a Knowledge-Based World (576 p.) (10th ed.). Pearson.
- Huws, U. (2016). Logged in. The new economy makes it harder than ever to untangle capitalism from our daily lives. Jacobin.
- Jeremic, V., Slovic, D., & Radojicic, Z. (2012). Measuring human capital: a statistical approach. Actual Problems of Economics, 5, 359-363.
- Kässi, O., & Lehdonvirta, V. (2016). Online Labour Index: Measuring the Online Gig Economy for Policy and Research.
- Кim, T.-Y., Wang, J., Chen, T., Zhu, Y., & Sun, R. (2019). Equal or equitable pay? Individual differences in pay fairness perceptions. Human Resource Management, 58, 169-186.
- Kolot, A. M., & Herasymenko, O. (2017). Глобальна соціальна нерівність доходів: природа, тенденції, наслідки [Hlobalna sotsialna nerivnist dokhodiv: pryroda, tendentsii, naslidky]. Sotsialno-trudovi vidnosyny: teoriia ta praktyka, 2, 8-47.
- Kolot, A. M., & Kravchuk, O. I. (2015). Людина і нова економіка: діалектика розвитку [Liudyna i nova ekonomika: dialektyka rozvytku]. Sotsialno-trudovi vidnosyny: teoriia ta praktyka, 1(9), 8-29.
- Liashenko, V. I., & Vyshnevskyi, O. S. (2018). Цифрова модернізація економіки України як можливість проривного розвитку [Tsyfrova modernizatsiia ekonomiky Ukrainy yak mozhlyvist proryvnoho rozvytku]. National Academy of Sciences of Ukraine, Institute of Industrial Economics.
- Martins, M., & Lopes, I. (2016). Intellectual capital and profitability: a firm value approach in the European companies. Verslas teorija ir praktika, 17(3), 234-242.
- Marutyan, R. (2017). Безумовний базовий дохід – утопія чи панацея? [Bezumovnyi bazovyi dokhid – utopiia chy panatseia?]
- Meil, P. (2015). ICT and work. Future opportunities, fresh insecurities. Paper presented at the Eurofound Conference “Changing Working Conditions in Europe: Moving towards better work, First findings from the Eurofound’s 6th European Working Conditions Survey”, November 24, Luxembourg.
- Milkovich, G. T., & Newman, J. M. (2010). Compensation (10th ed.). McGraw-Hill/Irwin.
- National Bank of Ukraine (2018). Official exchange rate of hryvnia against foreign currencies.
- Pidluzhna, Yu. (2018). У скупого шейха гроші з’їли щури, а мудрий шейх роздав їх людям... [U skupoho sheikha hroshi zily shchury, a mudryi sheikh rozdav yikh liudiam ...].
- State Statistics Service of Ukraine (2017). Statistical Yearbook of Ukraine for 2016 (edited by I. E Werner). Kyiv.
- State Statistics Service of Ukraine (2018). Доходи та витрати населення України [Dokhody ta vytraty naselennia Ukrainy].
- State Statistics Service of Ukraine (2018). People.
- World Economic Forum (2016). The Future of Jobs Report 2016. Insight Report.
- World Economic Forum (2018). The Future of Jobs Report 2018. Insight Report.
- The iLabour Project (2018). The Online Labour Index.
- Tsimbalyuk, S.O. (2018). Indicators for estimating remuneration policy in relation to implementation of the principles of decent work.
- UN News (2017). UN urges international cooperation to make migration safer in a world on the move.
- United Nations Development Programme (2018). Human Development Data (1990–2015).
- United Nations Development Programme (2015). Human Development Report 2015. New York.
- Valenduc, G., & Vendramin, P. (2016). Work in the digital economy: sorting the old from the new (Working papers – European Trade-Union Institute (ETUI), 03).
- Wallerstein, I. (2004). Конец знакомого мира: социология XXI века [Konets znakomoho mira: sotsiologiya XXI veka]. Moscow: Logos.