2. What would a fully integrated Nordic Region look like?
Why? To dampen economic cycles, reduce unemployment and increase the skills match on the labour market. Could it also solve a lack of labour?
What would it mean for the common Nordic labour market? It would make it easy to take up a job in another Nordic country, with no need to contend with administrative hurdles regarding taxation, social security, eID, validation of education or work experience etc. Better knowledge about the Nordic countries, cultures and languages would facilitate integration on the common Nordic labour market.
How? Remove cross-border obstacles related to the common labour market. Invest in exchange in all areas and at all levels (labour market, business, education, culture, youth etc.) to promote an integrated Nordic Region.
Pros: A fully integrated labour market would mean that the costs of taking up a job in another Nordic country would be low. The skills match would benefit both the individual and national economy. Quality of jobs could be increased. Old-age dependency could potentially be solved through a better integrated Nordic labour market and by involving the entire workforce. It could mean increased flexibility and resilience in times of economic crisis.
Cons: The Nordic countries are in need of much of the same labour: mainly highly skilled people in the business sector and in the public service sector, in particular healthcare and social care. That implies competition for labour.