SOC341H5 Chapter Notes -Labor Market Segmentation, Tracey Adams, Market Segmentation
Document Summary
Labour market and employment trends by tracey adams and sandy welsh. Without labour market statistics to guide us, we would not be able to understand how experiences may be changing and where we need to focus our attention. A labour market is where employers and employees come together, where workers get distributed into jobs and industries. The labour market you have access to determine how much you will earn, how many hours you will work, and the quality of your working life. Labour market segmentation theory focuses on how labour markets are segmented or separated into sections containing different kinds of jobs. Jobs are divided according to their location in the core or periphery of the economy. Core industries tend to be capital intensive, large, and unionized, and they can exert control over their environment. The periphery is characterized by lower tier service industries and jobs in highly competitive markets.
