ENTREPRENEURSHIP VERSUS EU LABOUR MARKET. CURRENT SITUATION AND PROSPECTS
ENTREPRENEURSHIP VERSUS EU LABOUR MARKET. CURRENT SITUATION AND PROSPECTS

Author(s): Geanina Brînză, Maria-Magdalena Maftei, Gina Ionela Butnaru
Subject(s): Social Sciences, Economy, Business Economy / Management, Sociology, Health and medicine and law, Financial Markets
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: entrepreneurship; labour market; COVID-19 pandemic; current situation and prospects in the EU;
Summary/Abstract: In any economic dynamic, starting new businesses is vital because it generates new jobs, increases income and added value through new ideas, technologies and products needed in society. New businesses accelerate change at the structural level and pursue the evolution of resources to produce goods and services adapted to the market (GEM, 2022). In this context, the key factors which interconnect entrepreneurship, and the labour market are public institutions and the profile of the company. Based on this nexus, the salary and social insurance policies are established, restrictive agreements are applied, aspects regarding work safety are established, all these modelling the attractiveness of the entrepreneurial environment. Consequently, employers' practices regarding salaries, investment in training, opportunities for advancement and others outline the trajectory of employee’s careers (Burton, Fairlie and Siegel, 2019). Entrepreneurship ant labour market intersect in many ways through the human capital involved and the profile policies which affect entrepreneurial performance. The correlation between political factors and entrepreneurship can lead to increased employment and reduced unemployment (Parker, 2009). In addition, the current crises caused by the COVID-19 pandemic and the war in Ukraine are affecting the economic environment, implicitly entrepreneurship, in the EU Member States. Therefore, through this paper we want to identify the problems underlying the development of entrepreneurship interconnected with the labour market in the EU, and to outline the prospects of entrepreneurship-labour market construct.

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