Lab Market the revised edition

7/29/2019 Lab Market the revised edition

1/12

http://www.bized.co.uk

Copyright 2005 Biz/ed

Influences on the Labour Market


2/12



Influences on the Labour Market


3/12



Government


4/12



Government Influence

Government policy in a wide variety ofareas has a significant influence

Influences the demand and supply oflabour in direct or indirect ways

Increasing regulation of the labourmarket seen as being damaging by

some Businesses claim legislation and taxes

depress the demand for labour


5/12



Employment Legislation

Equal Pay

Sex Discrimination

Disability Health and Safety

Benefits in Work

Pension Rights

Necessity of meeting legislation imposesadditional costs on businesses shifts thedemand for labour to the left


6/12



EU Policy

Social Chapter Specifies various employment rights and

responsibilities More rules and regulations for employers to meet

Claim that it makes the labour market less flexible

Imposes additional costs on employers again

Working Time Directive

Again limits employer flexibility

Raises cost!


7/12



Trade Unions


8/12



Trade Unions

Less popular

Less relevant inservice industries

Decline of nationalbargaining

Impact of changingwork practices andlegislation

New role for tradeunions

Trade union power was affected by successive

legislation passed during the 1980s and 1990s.The Miners Strike headed by Arthur Scargill in1984, proved to be a watershed in trade unionhistory.

But, is militancy rising again?

Title: Arthur Scargill. Copyright: Getty Images, available fromEducation Image Gallery


9/12



External Influences


10/12



External Influences

Working environmenthas changed

Workers need to be more

flexible Job for life unlikely

Migration trends willaffect labour market

Technology and transport

change the way we work Social Trends women

in the workplace, work-life balance, work ethic

The working environment and attitudes to workhave changed the labour market for good?

Title: Book Keeping. Copyright: Getty Images, available fromEducation Image Gallery


11/12



Market Power


12/12



Market Power

Extent of market power in the labourmarket

Public Sector workers less marketpower pay determined by government

Monopsony buyers of labour healthservice, education?

Local negotiation in the workplace who has the power?

Extent of information and knowledgeavailable to the employer and employee

Documents

Lab Market the revised edition