Economics Help Resources

Revision Guide

A Level
Revision Guide

Revision Guide

A Level Essays

Recent changes in UK Labour markets

  1. De industrialisation

This involves a decline in the relative size and importance of the manufacturing sector. Therefore it has caused the following effects:

 

  1. Increase in Service Sector

As the manufacturing sector has declined there has been an increase in the service sector. This has caused the following effects:

 

  1. Increase in % of  Old People.

This leads to an increase in the dependency ratio, fewer workers have to support more economically inactive people.

Increase in Labour Market Flexibility

due to:

 

Essays and Revision Notes on Labour Markets

Flexible Labour Markets

Minimum Wages