Circular Economy Production Policies and the Impact on Labour Market
(Pages 2766-2779)Zhang Xionghao1,*
1Master of political economy, Faculty of Arts and Social Sciences, The University of Sydney, Camperdown and Darlington Campus.
DOI: https://doi.org/10.55365/1923.x2023.21.300
Abstract:
The paper focusses on the rising importance of circular economy practices and policies, especially in the production behaviour and the impacts of such policies on the labour market. Currently, there is a rising debate regarding whether incorporation of circular economy production policies creates jobs or causes unemployment. This debate has been addressed in this paper, based on information collected from literatures as well as from surveying different employees, from extractive and construction industries. From the insights developed in this paper, the circular economy production policies are having mixed impacts on the labour markets. While the jobs in the extractive, construction, transport, warehousing and other labour intensive non-renewable energy and plastic industries are facing increase threats of redundance of jobs and job loss due to fall in the demand, there are also considerable prospects of new job creation in different industries and business operations in the current period. Recommendations to address the negative impacts of the circular economy production policies have also been discussed in this article.
Keywords:
Circular economy, circular economy production policies, construction industry labour demand, circular economy and unemployment, circular economy, extractive industries, job creation and sustainability in production.
How to Cite:
Zhang Xionghao. Circular Economy Production Policies and the Impact on Labour Market. [ref]: vol.21.2023. available at: https://refpress.org/ref-vol21-a300/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.