Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
Explain what is meant by a flexible labour market and evaluate the role that a flexible labour market can have in improving the macro-economic performance of the British economy.
Member rating: No Rating | Words: | Submitted: Wed Nov 26 2003
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
Unemployment and Flexible Labour Markets Explain what is meant by a flexible labour market and evaluate the role that a flexible labour market can have in improving the macro-economic performance of the British economy. (30 marks) Since the 1980s, the labour markets have become more flexible. But what does this mean? How does this impact on the economy? First of all, what is meant by a flexible labour market is a labour market in which movement between jobs is made easier. This may be done in different ways, one being wage flexibility as well as contractual flexibility. This is where shorter-term contracts are brought into use, meaning that workers must renew their contracts, if they are to stay in work, every few years, rather than the great lengths of time that have been used in previous years. Furthermore, the ability to change wage rates more easily means that the gap between supply...
Get instant access
- Instant, unlimited access to our documents in full
- Swap your work for free access, or pay £4.99
- To see the full version of this document and 150,117 others
