The Labour Market: Chapter 3
- Created by: BenBE_19
- Created on: 25-03-19 10:26
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- The Labour Market: Chpt 3
- Unemployment
- Able
- Willing
- Availbable
- Measures of...
- LFS
- Internationally Comparable
- Larger
- Released Quarterly
- CC
- Smaller
- Only includes those who claim
- Some don't
- Dependent
- Autonomous
- Some don't
- Only includes those who claim
- Dependent on eligibility
- Smaller
- LFS
- Current levels of...
- At an all time low
- Increasing presence of the gig economy
- Self-employed
- Can choose availability
- Set own hours
- Uber, Deliveroo
- Unstable
- Self-employed
- Increasing presence of the gig economy
- An increase in underemployment
- 0hr Contracts
- At an all time low
- 'I can't find what I want, where I am'
- Occupational Immobility
- Geographical Immobility
- Occupational Immobility
- Why an issue?
- Decreases in disposable income
- Decrease in growth
- Decrease in spending
- Increase in people reliant on the state
- Increase in social problems
- Decrease in job security
- Decrease in consumer confidence
- Normal / Natural
- Frictional
- Between jobs
- Derived demand from a dynamic economy
- They are 'reallocated'
- Minimum Wage Legislation
- Simple to regulate and understand
- Everybody, Everywhere
- Incentives for different professions not accounted for
- National not regional
- Cost of living not accounted for
- Everybody, Everywhere
- Increase in incentives to work
- Increase in social mobility
- Decrease in social issues
- Decrease the Gini coefficient
- Causes unemployment
- Some leave jobs as others more attractive
- Less stress
- Equal reward
- Some redundancies
- Firms have to keep costs low and get rid of highest cost = staff
- Some leave jobs as others more attractive
- The Living Wage
- Proposed in LNDN
- Problem at the margin
- Simple to regulate and understand
- Element of voluntary unemployment
- Short-term
- Looking for other jobs
- Geograpically restrained
- Geographical Immobility
- North/South Divide
- N = Stronger family ties
- Cost of Living is lower
- More likely for supply to be wage elastic
- Cost of Living is lower
- N = Stronger family ties
- Unemployment
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