SOC227H5 Lecture Notes - Lecture 3: Fair Use, Pink-Collar Worker, Underemployment
Document Summary
Soc227 lecture 3 canada"s labor market. Labor market a place where people provide skills, knowledge, loyalty or expertise to people looking for such things. Exchanged for some type reward: there is a demand side (employer) and a supply side (employee) Formal employment relationship is formally recognized or taxed by government, and included in official output statistics (gdp) Informal the employment relationship is not monitored or taxed by government, not included in gdp. Working age population (pop) pop = labor force + not in labor force. Starting at a base when considering the working age population: different countries have different starting points. In canada, those of age 15 or older can be surveyed by stats canada about their labor market activities: excludes people in 3 territories, excludes those on aboriginal land, armed forces, inmates. Labor force (lf) lf = e + u.
