Editorial

Abstract

The structure of the labour markets across the world has changed at a rapid pace. There is a dearth in our understanding of its structure and relevant policy measures to analyse the changing processes. Our current theoretical understanding does not explain the responses to these structural changes as required. There’s all at once - high unemployment with increasing unfilled jobs, rising productivity with stagnant wages despite moderate inflation and reduced mobility across social classes despite rising economic growth. A drastic change in the structure of the population across major economies of the world is adding flare to the labour market conditions. Along with the changes in the structure of demography and economic conditions, the technological revolution and widening of individual choice resulting in dynamic structure of workforces across the world is giving birth to a new work order.