Russia’s Labor Potential: Demographic and Socio-Economic Problems of Formation and Utilization

Abstract

The author spells out the concept of “labor potential” taking into account modern scientific methods and reflects on its formation features in terms of the second wave of population decline. This paper studies the main directions of employment expansion due to increased participation in the labor force of separate social and demographic groups of the population, specifically youth, people with disabilities, and pensioners. The specificity of structural shifts in employment in comparison with developed Western countries is revealed. The role of remigration and external and internal labor migration in achieving a balance between demand and supply of labor is noted. Proposals for the main directions of development strategy and use of labor potential are formulated.