LABOUR MARKET.

Slides:

Advertisements

Similar presentations

Labor market institutions 1999 Michigan State University. All rights reserved. Microeconomics.

Advertisements

Chapter 2 Overview of the Labor Market. Copyright © 2003 by Pearson Education, Inc.2-2 Figure 2.1 Labor Force Status of the U.S. Adult Civilian Population,

Copyright © 2009 Pearson Education, Inc Topic 1. Chapter 2 Overview of Labor Market.

THE CAUSES & CATEGORIES OF UNEMPLOYMENT. OBJECTIVES: What are the three different types of unemployment? What factors determine the natural rate of unemployment?

Module 13 Mar  Job Search – when people spend time looking for employment  Frictional unemployment – unemployment due to the time workers spend.

Human Resources. What is the labour force? 1. The labour force is everyone 15 years of age and older who are working or is considered to be seeking employment.

Labor. What is the labour force? 1. The labour force is everyone 15 years of age and older who are working or is considered to be seeking employment.

Compensating Employees Definition Objective Bases Types Determining Reward Job Evaluation Compensation Structure.

Quiz: Tuesday, May Income Inequality: “Income Distribution” Class Notes – Example: What factors affect wages & salaries?, 10 Causes of Income Inequality,

Compensating Employees Definition Objective Bases Types Determining Reward Job Evaluation Compensation Structure.

Lecture 11 Markets for Labor.

Copyright © 2009 Pearson Education, Inc. Chapter 2 Overview of the Labor Market.

1.Wages & fringe benefits 2.Working conditions 3.Job security 4.Union security 5.Grievance procedures.

Interference in the labour market. Minimum Wage  A minimum amount per hour which most workers are entitled to be paid.  U.S. minimum wage is 15,000.

27a. Percentage of workers with health insurance, by source and industry, 2010 (Wage-and-salary workers) 86% 85% 82% 80% 90% 68% 89% 83% 95% 62%

Labour Law. Collective Bargaining Union certification means that representatives need to selected to negotiate collective agreement Collective agreement.

Modern Labour Economics Chapter 2 Overview of the Labour Market.

 Supply and demand  Setting a mandated wage limit disrupts market supply and demand  As minimum wage goes up, the number of people employed goes down.

ECONOMICS Paul Krugman | Robin Wells with Margaret Ray and David Anderson SECOND EDITION in MODULES.

Economic Indicators A look at Inflation and Unemployment as Economic Indicators.

Business Organizations Labor & Wages Organized Labor True or FalseVocabulary $100 $1$100$1$100$1$100$1$100 $2$200 $2$200$2$200 $2$200 $2$200 $3$300 $3$300$3$300$3$300$3$300.

Business Cycles and Unemployment

MODULE 14 (50) Categories of Unemployment

1. Understand the role and operation of labour market.

C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to Preview the aggregate supply-aggregate demand.

A B C “Yes” to any question Under age 16? In an institution?

Compensation and Benefits

Labor, Wages, and Earnings

The market economy.

Chapter 5 Microeconomic Reform

Labor Markets and Unemployment Rates: — A Cross Country Analysis

The Labour Market.

Chapter 9: Labor Section 1

Causes and Categories of Unemployment

Section 3 Module 13.

Fig. 1 Product Markets and Factor Markets

2 Overview of the Labor Market.

Employment and Unemployment

Unit Two Unemployment.

The Labor Force.

A look at Inflation and Unemployment as Economic Indicators

The American Labor Force

Country Report: Hong Kong SAR, China

The Labor Market.

Unemployment Lesson 24 Sections 12, 13.

Action for Jobs How to get the UK working

Industrial Revolution & Labour Unions

ECO Global Macroeconomics

Think Tanks, Lobbyists, Interest Groups

Standard SSEMA1b- Define unemployment

Civilian noninstitutional population

Unemployment and Its Natural Rate

26a. Percentage of workers with health insurance, by source and industry, % 94.7% 92.9% 91.8% 91.0% 89.9% 89.2% 78.3% 73.4% 89.9%

26a. Percentage of employees covered and source of employment-based health insurance, by industry, 2005 (Wage-and-salary workers) 96%

Think Tanks, Lobbyists, Interest Groups

Chapter 9: Labor Section 1

Chapter 9: Labor Section 1

The Labor Market.

Unemployment defined One is unemployed if one is able to work at prevailing wage rates, and is either seeking employment or has been hired for employment,

Unit 11. The Unemployment IES Lluís de Requesens (Molins de Rei)‏

Business Cycles, Unemployment, and Inflation

Low unemployment Chapter 17.

Depression Era Unemployment Statistics Percentage of Labor Force

Unit 5: The Resource Market

U.S. Labor Force The American Worker.

Markets FACTOR.

Chapter 6: Human Resources

Sport Economics & Finance

Presentation transcript:

LABOUR MARKET

LABOUR MARKET Market in which workers find paying wor k, employers find willing workers, and wage rates are determined.

IT IS A MARKET SO: Demand: number of workers companies need. Employer Supply: the people that want to work. Employee. Salary: is the price of the job.

KINDS OF PAID EMPLOYMENT Work for an EMPLOYER. It can be eeither the state (teacher in public school) or a private company (Coca Cola). Trabajador por cuenta ajena o asalariado. SELF-EMPLOYED WORKERS work for themselves. Autónomo.

AGREEMENT BETWEEN AGENTS. The agreement between the agents of the labour market its called COLLECTIVE BARGAINING. (Negociación colectiva) 2 agents: TRADE UNIONS (sindicatos): represent the workers, such us CCOO or UGT. CONFEDERATION OF EMPLOYERS (Confederación de empresarios): represents the employers, such us CEOE.

CHARACTERISTICS OF CURRENT LABOUR MARKET UNEMPLOYMENT: UNEMPLOYENT RATE (Tasa de Paro): The percentage of the total labor force that is unemployed but actively seeking employment and willing to work. Today ACTIVE WORKERS (trabajadores en activo): people over 16 that are working or looking for a job. In Spain this information is given by EPA. Video about EPA

CHARACTERISTICS OF CURRENT LABOUR MARKET UNEMPLOYMENT INSURANCE (seguro de desempleo o paro): A government program where employable people, who are currently unemployed under no fault of their own, receive money while they search for a new job. Limits: 2 years 1 mounth of payment per 4 mounths worked. 175% of minimun wage