Use of labor resources of specially displaced Chechens in the first years of deportation

Kadyrov Chechen State University, Grozny, Russia

^* Corresponding author: sapiyat_univ@mail.ru

Abstract

The concept you provided underscores a fundamental principle in economics and labor market dynamics. When the economy undergoes structural changes, jobs are both created and lost. This phenomenon, often termed "creative destruction," plays a pivotal role in economic advancement. In this process, less productive and outdated jobs are replaced by more modern and efficient ones due to factors like technological advancements, shifting consumer preferences, and changes in global trade. Similarly, as new businesses emerge, older ones may fade away, affecting the overall employment landscape. The overall number of jobs in the economy hinges on the equilibrium between job creation and job destruction. Economists employ various methodologies to assess these trends, involving the analysis of labor market data, surveys, and economic patterns. This insight is indispensable for policymakers, businesses, and workers to navigate the evolving labor market successfully. It's worth noting that these transformations can be disruptive and challenging for workers in declining industries. Consequently, governments and businesses often implement strategies and policies to help these workers transition to new opportunities through retraining and support services. Understanding these dynamics is vital for long-term economic growth and prosperity.