Abstract
Kazakhstan is a social state, and one of the key priorities of the state socio-economic policy of the country is to ensure employment of the population, reduce unemployment, and socially protection of the unemployed, that is, to regulate the situation in the labor market. State policy is designed to provide its citizens with social guarantees and contribute to the growth of their well-being. Today, in the face of global challenges in the labor market, the issues of improving measures to promote employment by the state are of particular relevance. In turn, this requires a comprehensive study of the theoretical and conceptual foundations of state regulation of the situation in the labor market. In this study, the author identified the main theoretical approaches to the instruments of state influence on the labor market. First, it is labor law. In this study, there were identified several approaches to assess the impact of legislation on the situation of the labor market. Thus, such aspects as increasing the level of stable employment by reducing staff turnover, regulating the cost of labor, employment, and labor productivity, stimulating commitment to work and readiness to adapt to technological changes, and strengthening social protection of vulnerable population groups have been identified. It is also noted that labor protection legislation can act as a stabilizer in the event of an economic downturn. In addition, the study identified critical aspects of this issue. For example, some experts argue that labor protection legislation prevents the free movement of workers between enterprises and slows down the adaptation of the workforce in economically unfavorable times, which can lead to inequality, widening the gap between those who are covered and not covered by such a law. The second is the establishment of a minimum wage. The author considers the arguments for the use of these tools, as well as criticism of their use.