Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Labour
economics
| Question | Answer |
|---|---|
| wage drift | when demand for labour exceeds the supply of labour, leading to wages to increase above the negotiated rates |
| reasons for different wage rates | 1. Gender 2. Nature of the job 3. Training length and cost 4. Experience |
| Wage freeze | The government putting a ban on wage increases in order to control inflation. |
| cyclical unemployment | Unemployment as a result of a decrease in demand for goods and services |
| structural unemployment | Unemployment as a result of industrial reorganisation, usually due to technological change rather than changes in supply &demand |
| Frictional unemployment | occurs when people are between jobs, seeking new work |
| seasonal | when the demand for a certain industry is only during a specific time of the year and it falls for the remainder of the year. |
| institutional | 1. When there is a disincentive to work ie welfare is greater than wages 2. obstacles to the mobility of labour |
| occupational mobility | The ability for someone to move from one employment to another |
| geographical mobility | The ability to move from one place to another |
| Factors affecting mobility of labour | 1. Language/ Cultural barriers 2. Lack of housing/ high rent 3. Not qualified 4. work permits/ gov policy |
| underemployment | People who have work but are not working at full capacity ie) people who work a 3 day week. |
| What does the live register record | everyone under 65 who gets jobseeker's allowance |
Created by:
1801068583361003
Popular Economics sets