Sociology 2145B Lecture Notes - Lecture 5: Underemployment, Aboriginal Peoples In Canada, Visible Minority
27 Feb 2017
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Document Summary
Labour markets: an arena in which employers seek to purchase labour from potential employees who are seeking jobs suitable to their education, experience, and preferences. Human capital theory: investment in education and training (human capital) = better jobs (higher returns) Individuals choose among work options, and settle for the best job. Job rewards are determined by its economic contribution and how risky they are. Perfect competition for good jobs in an open labour market. The best people match the best jobs. Overlooks the demand-side of the labour market. Emphasizes the supply-side of labour market at the expense of the demand-side (behaviour and characteristics of employers and organizations) The hct focuses on the characteristics of individuals. Youth from high-income families and those whose parents are highly educated are more likely to attend university. Middle/upper class parents have higher expectations and serve as role models for their children.
