STRUCTURAL CHANGE IN THE LABOR MARKET
With the decreasing importance of the raw material orientation, especially in iron and steel production, the old industrial regions got increasing competition, first from coastal locations, then also from global competition. Even more, however, the development of new technologies has resulted in a steady shift in the structure of employment in favor of the tertiary sector: in almost all traditional industrial regions, the service sector now has an employment share of more than 50 percent. Modern business locations today have, among other things, a diversified economic structure, a wide range of high-quality educational and research institutions, know-how, a highly qualified workforce, a very well-developed infrastructure, Economic clusters of growth industries and specialized service offerings. You benefit from network structures, but also from targeted funding measures, for example when setting up a company.
For the heavily agricultural regions on the outer fringes of the EU, this sectoral structural change has the problematic consequence that there will be even fewer employment alternatives in the industrial sector in them in the future.
The regional population density is essentially determined by two factors: by the natural population development as a result of births and deaths and by interregional migration. While the natural population development depends on generative behavior, life expectancy and age structure, economic and political factors such as the employment situation and general living conditions in the respective regions are decisive for interregional migration movements. For more information about the continent of Europe, please check areacodesexplorer.com.
