Secondary labour market Secondary labour market is the economic position of individuals engaged in occupations that provide insecure jobs and poor benefits and conditions of work.
Split labour market Split labour market is a situation in which one group of labourers (usually defined by race, sex, or ethnicity) is routinely paid less than other groups.
Primary labour market Primary labour market is the economic position of individuals engaged in occupations that provide secure jobs and good benefits and working conditions.
Operatives and labourers Operatives and labourers means unskilled and semi-skilled workers, usually working in manufacturing or construction.
International division of labour International division of labour is the specialization of work tasks and occupations among nation states; the interdependence of countries
Labour power Labour power is abstract human labour that is used in exchange for money. This concept was much used by Karl Marx.
Dual labour market Dual labour market is the hypothesis that men and women have differential earnings because they work in different parts of the labour
Detailed division of labour Detailed division of labour (also called “manufacturing division of labour”) is the breakdown of product manufacturing into simple discrete steps, with each task
Bourgeoisie Bourgeoisie means historically, the merchant class in feudal societies. Today, the term is often used as a synonym for the middle class.
Unit labour cost How much an employer pays for the labour required to produce each unit of a good or service. Unit labour cost can be calculated by
Definition
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