SOCIOL 2SS3 Lecture Notes - Lecture 5: Human Capital, Market Segmentation, Labour Power
Document Summary
Labour market segmentation: dual labour market, internal labour market, labour market discrimination (reading: block and galabuzi) Material benefits of working (pay, benefits, opportunities for advancement) Social-psychological benefits of working (challenging work, non-repetitive, autonomy, decision making opportunities) Attributes of labour (workers), such as education and skills. Characteristics of jobs, such as education demands, employment stability and wages. Class struggle inherent to capitalism: polarization of primary classes. Competition: monopoly of power among corporations. Class situation = market situation (good job or bad job) to life chances (happiness and health) The individual worker: sells labour power, has agency to decide whether or not you"ll sell your labour power. The individual employer: makes decisions, for example when hiring. Employer associations: employment standards act, making workers aware of their rights. The number of people* employed and unemployed but looking for a job divided by the total working-age population: * this is a socially constructed definition as ages that a child can begin working has changed.
