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Labor Market Segmentation
Labor market segmentation is the division of the labor market according to a principle such as occupation, geography and industry. One type of segmentation is to define groups "with little or no crossover capability", such that members of one segment cannot easily join another segment. This can result in different segments, for example men and women, receiving different wages for the same work. 19th-century Irish political economist John Elliott Cairnes referred to this phenomenon as that of "noncompeting groups". A related concept is that of a dual labour market (DLM), that splits the aggregate labor market between a primary sector and a secondary sector. Neoclassical economics The theory of labor market segmentation contrasts with neo-classical economic theory, which posits the existence of a unified market for labor, consisting of buyers and sellers in open competition. The labor market thus functions as do other markets. In this model, the difference between different workers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Elliott Cairnes
John Elliott Cairnes (26 December 1823 – 8 July 1875) was an Irish political economist. He has been described as the "last of the classical economists". Biography John Cairnes was born at Castlebellingham, County Louth. He was the son of William Elliott Cairnes (1787–1863) of Stameen, near Drogheda, and Marianne Woolsey, whose mother was the sister of Sir William Bellingham, 1st Baronet of Castlebellingham. John's father decided upon a business career, against the wishes of his mother (Catherine Moore of Moore Hall, Killinchy), and became a partner in the Woolsey Brewery at Castlebellingham. In 1825, William Cairnes started on his own account in Drogheda, making the Drogheda Brewery an unqualified success. He was remembered for his great business capacity and for the deep interest he took in charity. After leaving school, John Cairnes spent some years in the counting-house of his father at Drogheda. His tastes, however, lay altogether in the direction of study, and he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neoliberal
Neoliberalism is a political and economic ideology that advocates for free-market capitalism, which became dominant in policy-making from the late 20th century onward. The term has multiple, competing definitions, and is most often used pejoratively. In scholarly use, the term is often left undefined or used to describe a multitude of phenomena. However, it is primarily employed to delineate the societal transformation resulting from market-based reforms. Neoliberalism originated among European Liberalism, liberal scholars during the 1930s. It emerged as a response to the perceived decline in popularity of classical liberalism, which was seen as giving way to a social liberal desire to control markets. This shift in thinking was shaped by the Great Depression and manifested in policies designed to counter the volatility of free markets. One motivation for the development of policies designed to mitigate the volatility of capitalist free markets was a desire to avoid repeatin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
How Migration Regulates Labor Markets
How may refer to: * How (greeting), a word used in some misrepresentations of Native American/First Nations speech * How, an interrogative word in English grammar Art and entertainment Literature * ''How'' (book), a 2007 book by Dov Seidman * ''HOW'' (magazine), a magazine for graphic designers * H.O.W. Journal, an American art and literary journal Music * ''How?'' (EP), by BoyNextDoor, 2024 * "How?" (song), by John Lennon, 1971 * "How", a song by Clairo from ''Diary 001'', 2018 * "How", a song by the Cranberries from ''Everybody Else Is Doing It, So Why Can't We?'', 1993 * "How", a song by Daughter from '' Not to Disappear'', 2016 * "How", a song by Lil Baby from '' My Turn'', 2020 * "How", a song by Maroon 5 from '' Hands All Over'', 2010 * "How", a song by Regina Spektor from ''What We Saw from the Cheap Seats'', 2012 * "How", a song by Robyn from ''Robyn Is Here'', 1995 Other media * HOW (graffiti artist), Raoul Perre, New York graffiti muralist * ''How'' (TV serie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flexicurity
Flexicurity (a portmanteau of "flexibility" and "security") is a welfare state model with a pro-active labour market policy. The term was first coined by the social democratic Prime Minister of Denmark Poul Nyrup Rasmussen in the 1990s. The term refers to the combination of labour market flexibility in a dynamic economy and security for workers. The Government of Denmark views flexicurity as entailing a "golden triangle" with a "three-sided mix of (1) flexibility in the labour market combined with (2) social security and (3) an active labour market policy with rights and obligations for the unemployed". The European Commission considers flexicurity as an integrated strategy to simultaneously enhance flexibility and security in the labour market. Flexicurity is designed and implemented across four policy components: 1) flexible and reliable contractual arrangements; 2) comprehensive lifelong learning strategies; 3) effective active labour market policies; and 4) modern social se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Split Labor Market Theory
Split labor market theory was proposed by sociologist Edna Bonacich in the early 1970s as an attempt to explain racial/ethnic tensions and labor market segmentation by race/ethnicity in terms of social structure and political power rather than individual-level prejudice. Bonacich argues that ethnic antagonism emerges from a split labor market, where two or more racially/ethnically distinct groups of workers vie for the same jobs, and where the total cost to the employer (including wages) of hiring workers from one group is significantly lower than the cost of hiring from the other group. Employers (or capitalists) prefer to hire cheaper workers and will do so absent active opposition from higher-priced workers, creating an antagonism between higher- and lower-priced groups. Differences in the price of labor are sociological and political in nature, not a matter of personal preference, so that, e.g., native, unionized workers, who enjoy full political rights will demand higher wages ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Gordon (economist)
David M. Gordon (May 4, 1944 – March 16, 1996) was an American economist and professor. He was a graduate professor of economics at The New School for Social Research. He founded the Institute for Labor Education and Research in 1975 and the Schwartz Center for Economic Policy Analysis in New York City. Early life and education Gordon was born in Washington, D.C. on May 4, 1944. He went to high school in Berkeley, California, and later attended Harvard University, where he earned a Bachelor's degree, B.A. in economics in 1965. His father, Robert Aaron Gordon, was the president of the American Economic Association. His mother, Margaret S. Gordon, was also an economist focused on employment and social welfare policy. His brother, Robert J. Gordon, is a prominent macroeconomist. As a graduate student of economics at Harvard in the late 1960s, Gordon worked as a research assistant evaluating Great Society programs targeting the hard-core unemployed and was active in the develo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White-collar Worker
A white-collar worker is a person who performs professional service, desk, managerial, or administrative work. White-collar work may be performed in an office or similar setting. White-collar workers include job paths related to government, consulting, academia, accountancy, business and executive management, customer support, design, economics, science, technology, engineering, market research, finance, human resources, operations research, marketing, public relations, real estate, information technology, networking, law, healthcare, architecture, and research and development. In contrast, blue-collar workers perform manual labor or work in skilled trades; pink-collar workers work in care, health care, social work, or teaching; green-collar workers specifically work in the environmental sector; and grey-collar jobs combine manual labor and skilled trades with non-manual or managerial duties. With the emergence of the AI boom, there have been studies released ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blue Collar
A blue-collar worker is a person who performs manual labor or skilled trades. Blue-collar work may involve skilled or unskilled labor. The type of work may involve manufacturing, retail, warehousing, mining, carpentry, electrical work, custodial work, agriculture, logging, landscaping, food processing, waste collection and disposal, construction, shipping, and many other types of physical work. Blue-collar work often involves something being physically built or maintained. In social status, blue-collar workers generally belong to the working class. In contrast, the white-collar worker typically performs work in an office environment and may involve sitting at a computer or desk. A third type of work is a service worker ( pink collar) whose labor is related to customer interaction, entertainment, sales or other service-oriented work — particularly those service jobs that have been traditionally considered to be women's work, such as secretaries, nurses, teachers, early childh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Market
Labour economics seeks to understand the functioning and dynamics of the Market (economics), markets for wage labour. Labour (human activity), Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by demanding firms. Because these labourers exist as parts of a social, institutional, or political system, labour economics must also account for social, cultural and political variables. Labour markets or job markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers) and the demanders of labour services (employers), and attempts to understand the resulting pattern of wages, employment, and income. These patterns exist because each individual in the market is presumed to make rational choices based on the information that they know regarding wage, desire to provide labour, and desire for leisure. Labour markets are normally geographically bounded, but the rise of the internet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dual Labour Market
The dual labour market (also referred to as the segmented labour market) theory aims at introducing a broader range of factors into economic research, such as institutional aspects, race and gender. It divides the economy into two parts, called the "primary" and "secondary" sectors. The distinction may also be drawn between formal/informal sectors or sectors with high/low value-added. A broader concept is that of labour market segmentation. While the word "dual" implies a division into two parallel markets, segmentation in its broadest sense may involve several distinct labour markets. In a dual labour market, a secondary sector is characterized by short-term employment relationships, little or no prospect of internal promotion, and the determination of wages primarily by market forces. In terms of occupations, it consists primarily of low or unskilled jobs, whether they are blue-collar (manual labour), white-collar (e.g. filing clerks), or service industry (e.g. waiters). These ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Professional Associations
A professional association (also called a professional body, professional organization, or professional society) is a group that usually seeks to further a particular profession, the interests of individuals and organisations engaged in that profession, and the public interest. In the United States, such an association is typically a nonprofit business league for tax purposes. In the UK, they may take a variety of legal forms. Roles The roles of professional associations have been variously defined: "A group of people in a learned occupation who are entrusted with maintaining control or oversight of the legitimate practice of the occupation;" also a body acting "to safeguard the public interest;" organizations which "represent the interest of the professional practitioners," and so "act to maintain their own privileged and powerful position as a controlling body." Professional associations are ill defined although often have commonality in purpose and activities. In the UK the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Craft Unions
Craft unionism refers to a model of trade unionism in which workers are organised based on the particular craft or trade in which they work. It contrasts with industrial unionism, in which all workers in the same industry are organized into the same union, regardless of differences in skill. Under this approach, each union is organized according to the craft, or specific work function, of its members. For example, in the building trades, all carpenters belong to the carpenters' union, the plasterers join the plasterers' union, and the painters belong to the painters' union. Each craft union has its own administration, its own policies, its own collective bargaining agreements and its own union halls. Origins The first unions established in Russia in the early nineteenth century tended, by nature of the industries in which their members worked, to be craft unions: shoemakers, cordwainers (shoemakers who work with cordovan leather) and typesetters all worked, as a rule, in smal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
