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Absorptive Capacity Impact of Labor Market in Saudi Arabia: A proposed Model for Building National Plan Unemployment. |
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PP: 71-88 |
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doi:10.18576/ijye/050106
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Author(s) |
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Awatif Suleiman Almogbel,
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Abstract |
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| The gap in the labour market is one of the biggest problems facing the economy of the
Kingdom of Saudi Arabia, especially with the increase in the percentage of graduates annually
and the lack of job opportunities commensurate with their qualifications. Which affects the
absorptive capacity of the labour market negatively, especially in light of the saturation of
government jobs with employees and the emergence of a kind of disguised unemployment in
some sectors and government jobs, and the problem is exacerbated if it turns into waste and
loss of qualified human resources, especially in light of the emergence of other types of
unemployment such as unemployment of educated people. The state represented by the
Ministry of Labor implemented a number of plans and programs to address the problem, but
it did not succeed in eliminating it, so the unemployment rate reached 12.3% of the total
workforce, while the target plan was to take measures and strategies to reduce the
unemployment rate to 7% In the year 2020 AD. This problem is considered to have a
significant negative economic and social impact in the long term.
This paper comes to propose a model aimed at raising the absorptive capacity in the labour
market and addressing the problem of unemployment in the Kingdom of Saudi Arabia, and
foreseeing the future accordingly. The hypothesis here is that “The effectiveness of managing
the unemployment problem by linking it to other economic variables such as increasing
production and increasing export rates leads to raising the absorptive capacity of the labour
market and treating unemployment. It also leads to important developmental effects and
brings about a comprehensive change in the economic and social aspects. It is possible to
implement practical plans. To achieve these effects in the Kingdom of Saudi Arabia. " |
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