SOC 501 Lecture Notes - Lecture 8: Market Segmentation, Deindustrialization, Business Cycle
14 Dec 2015
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Document Summary
Why do we need stats on labour market: important to understand and critically examine labour market with empirical understanding. Don"t rely only on popular narratives: evaluate effects of changed no labour trends. Understand what impact social changes will have on employment rates: gives indications of economic health. High unemployment rates means poor economic health: provides context and identifies issues. Helps focus what concerns need to be addressed. The wages, benefits, security, stability and mobility. Labour markets: there are multiple labour markets. Ses: chances of getting good job vary by. Your entry point in the labour market. Core: large industrial companies, stable, in the center. Periphery: lower tier service jobs, surrounds the core. Existence of primary and secondary labour markets. Stable hours: usually in core sector, good mobility. Secondary: usually in periphery sector, lacking good job qualities. Membership in labour market shelters (cid:1) unemployment. Younger generations are entering more in the periphery sector.
