what are labour market influences ?!?
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03-24-2014, 04:55 PM
Post: #1
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what are labour market influences ?!?
i am doing my isp, and i need the labour market influences on an interior designer, but i dont knwo what a labour market influence is.. and if you happen to know any, please tell me ! ( : thanks
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03-24-2014, 04:57 PM
Post: #2
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labour market: the social economic relationships of buying and selling labour
influences within the labour market: -too much labour-> unemployment->buyer of labour has more power -too little labour-> seller of labour has more power influences of the labour market: on an interior designer: -interior designers as sellers of labour: their labour will be more valuable and their wages will increase when there are fewer interior designers selling their labour in the labour market - interior designers as buyers of labour: they will be able to choose from a wider range of possible employees and will probably be able to pay lower wages to those employees alternatively in the broader economy: -when unemployment rates in general are high then there will be less demand for 'luxury' items which might well include the work and products of interior designers -when the broader economy is in a boom, with low general levels of unemployment, people are more likely to invest in housing and thus the demand for interior design workers will be high Ads |
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