Sociology 2140 Lecture Notes - Lecture 4: Socioeconomic Status, Structural Unemployment, Labor Market Segmentation
27 Jan 2015
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What is a labor market: employers and employees come together and where workers are then distributed into different kinds of jobs and industries. The need for labor market statistics: why is it important to study labor market statistics, we need to look at them to see where change is occurring in the labour force. The labor market: what is a labor market, by definition: where employers and employees come together and where workers are distributed into jobs, industries and occupations. Labor market segmentation theory: (contrast to human capital theory) multiple labor markets within the labor market that influence their chances of getting good (core) and bad (periphery) jobs. Do not have as much opportunity for upward mobility. Ex. small retail shops, restaurants, small office supply firms, small manufacturing companies. Dead end jobs not result in advancement and promotion in the workplace. Prediction: those who are able to enter firms in the core section and those who have access to the.
