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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. [1] [citation needed] It divides the economy into two parts, called the "primary" and "secondary" sectors. The distinction may also be drawn ...
Split labor market theory traces the roots of racial/ethnic stratification to social and political differences that predate inter-group contact in the labor market, but the specific outcomes (caste system, exclusion, or something else) result mainly from the actions of the higher paid segment of the working class and their power relative to ...
Modern labor market segmentation theory arose in the early 1960s. It changed the view of many economists who had seen the labor market as a market of individuals with different characteristics of e.g., education and motivation. This perspective was intended to help explain the demand-side of the market, and the nature and strategy of employers.
However, the labour market differs from other markets (like the markets for goods or the financial market) in several ways. In particular, the labour market may act as a non-clearing market. While according to neoclassical theory most markets quickly attain a point of equilibrium without excess supply or demand, this may not be true of the ...
Direct labour cost variance; Dual labour market; E. Economic discrimination; Economics of participation; Efficiency wage; ... Split labor market theory; Surplus labour;
Labour process theory (LPT) is a Marxist theory of the organization of work under capitalism.Researchers in critical management studies, organization studies, and related disciplines have used LPT to explain antagonistic relationships between employers and employees in capitalist economies, with a particular focus on problems of deskilling, worker autonomy, and managerial control at the point ...
Batnitzky praised the thorough theoretical grounding in labor market segmentation theory, though she noted the omission of gender, race, and ethnicity in the analysis. She lauded the detailed case studies in Vancouver, Berlin, and rural Ontario but pointed out the lack of comparison with local labor markets and other migrant groups.
Dual labour market theory states that pull factors in more developed countries mainly cause migration. This theory assumes that the labour markets in these developed countries consist of two segments: the primary market, which requires high-skilled labour, and the secondary market, which is very labour-intensive, requiring low-skilled workers.