Increasing Labour Market Flexibility
How to Increase Labour Market Flexibility
- Reduce Minimum wages and the power of Trades unions.
- Improve Information
- Better education and Training. This will enable workers to be more skilled and will help to reduce immobility’s in the labour market.
- Legislation to outlaw discrimination
- Improve child care facilities to encourage women to work
- New Deal – Welfare To Work.
- This provides aid such as better information to get the long term unemployed back into work
- Reduced benefits increases the incentive to get a job
- Despite many factors increasing the flexibility of labour markets some factors have arguably reduced labour market flexibility. E.g.
7. Minimum Wages
8. Social Chapter of the EU this includes
- Maximum working week
- More legal protection for workers such as part time workers
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
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