Labor market

The labor market is an economic space in which the sellers of labor, the "employees," interact with the buyers, the "employers," by selling "labor. The labor market is regulated by the law of the country or region in which it operates.

The notion of an "international labor market" is an aggregation of the labor markets of individual countries and represents both a general approximation, which may affect individual markets for a number of reasons (health, labor protection, migration, etc.), and a specific economic unit, as in the case of hiring from abroad, multicultural teams and remote work. In these cases, the employer is obliged to take into account the working relations of the country from which the hired worker operates, as they may affect his actions, performance, efficiency, absence, etc.