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Labor force migration slows economic growth, increases price rates, - National Bank of Ukraine

Labor force migration slows economic growth, increases price rates, - National Bank of Ukraine

Delfi
The ongoing labor migration from Ukraine affects the economic growth and price rates in this country. These are the conclusions, mentioned in the recent report by the National Bank of Ukraine (NBU). Ukrainska Pravda outlet reported that, quoting the report. 
The NBU marked that currently, the entrepreneurs mark the lack of qualified workers on the market, which is due to work migration to Poland and other countries, where Ukrainians often choose to stay for good.
One of the major risks of the basic scenario is the ongoing flow of the workforce from Ukraine. It will further increase the disproportion between the demand and offer on the market', NBU experts say.
The labor migration also prevents the growth of production rate, above all in construction, industry, agriculture and communications. 
'According to the local employment services in Poland, almost 50 percent of labor migrants from Ukraine filed applications for jobs in these particular fields', NBU stressed.
Over the previous year, 62 percent of migrant workers from Ukraine got their jobs abroad illegally. According to Channel 5, in Poland alone, about two million job offers were made for Ukrainian citizens - most of them with the mediation of illegal entities. This, in turn, increases the risk of slavery. 
'Last year, only 12,150 people used the services of legal companies. Almost 90 percent of people try to go abroad, searching for assistance among their fellows who don't even have a license', said Vasyl Voskoboynyk, the president of the All-Ukraine Association of Companies for International Recruitment.  
The lawyers recommend that workers resort to solely legal mechanisms when searching for a job in the neighboring EU countries; another piece of advice is to search for the enterprises that enjoy the benefits of foreign investments.
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