Benefits and Costs of Flexible Labour Markets

 

Disadvantages of Flexible Labour Markets

1. Part time and Temporary staff may not get sufficient training from firms because they only have short term contracts. Therefore many low skilled workers will remain low skilled.

2. Greater job insecurity and stress. Job security is often as important to workers as the level of wages. This could lead to lower morale and lower productivity.

3. Rising inequalities as non unionised part time workers get low pay

 

Advantages of Flexible Labour Markets

1. Firms will be more efficient and competitive.

2. With increased labour productivity there could be an increase in output and exports. There could be a lower rate of natural unemployment and lower inflation.

3. Many workers will prefer flexible employment patterns because it suits there life style.

 

Essays and Revision Notes on Labour Markets

• Labour Markets home
• Demand for Labour
• Supply of Labour
• Wage Determination
• Labour Market Imperfections

Flexible Labour Markets

• Flexible Labour Markets
• Adv and Disadvantages of Flexible Labour Markets
• Increasing Labour Market Flexibility
• Changes UK Labour Markets
• Participation Rate
• Trades Unions
• Ageing Population

Minimum Wages

• Minimum Wages
• Disadvantages Minimum Wages
• Essay on Minimum Wage
• Min Wage at Tutor 2u