Employment & Efficiency MK U 20

Vocabulary focus Labour market / job market - the ________ and type of jobs that are ___________ in a particular place Deregulation -ending or relaxing __________ laws Labour market deregulation?

Vocabulary focus Labour market / job market - the number and type of jobs available in a particular place Deregulation -ending or relaxing restrictive laws Labour market deregulation – laws regulating labour markets and employment practices removed or relaxed → Flexible labour markets?

Vocabulary focus Labour market / job market - the number and type of jobs available in a particular place Deregulation -ending or relaxing restrictive laws Labour market deregulation – laws regulating labour markets and employment practices removed or relaxed → Flexible labour markets CONSEQUENCES (according to MK p 51): - ___________ working conditions - unwelcome changes in employment patterns: un____ed, p_____-____e, c_____l jobs non-u________d workers

Vocabulary focus Labour market / job market - the number and type of jobs that are available in a particular place Deregulation -ending or relaxing restrictive laws Labour market deregulation – laws regulating labour markets and employment practices removed or relaxed → Flexible labour markets CONSEQUENCES (according to MK p 51): - worsening working conditions - unwelcome changes in employment patterns: unskilled, part-time, casual jobs non-unionized workers

Economic changes since 1980’s (match) DEVELOPMENTS → 1Deregulation of financial markets 2 Privatization 3 Advances in computer technology 4 Asian tigers 5 Iron Curtain disappears ↓ 6 Global competition CONSEQUENCES A Need for efficiency→ flexible labor markets B structural changes C transition to market economies D rising export powers E global financial system F neglect of public interest, lay-offs

Economic changes since 1980’s (match) DEVELOPMENTS → 1Deregulation of financial markets 2 Privatization 3 Advances in computer technology 4 Asian tigers 5 Iron Curtain disappears ↓ 6 Global competition CONSEQUENCES E global financial system F neglect of public interest, lay-offs B structural changes D rising export powers C transition to market economies A Need for efficiency→ flexible labor markets

Characteristics of a flexible labour market? A long job tenure stable employment permanent job for life fixed-term contracts job security high job retention rates B job insecurity part-time employment temporary employment self-employment job sharing short job tenure long-term unemployment downsizing redundancy (make somebody redundant)

AGREE OR DISAGREE? Job security has decreased since the 1990s. Temporary employment has decreased since the1990s. It is rare nowadays to have a permanent job for life. Technological change and globalization affect job tenure. Downsizing hits ageing workers most. Only blue-collar workers are made redundant these days.

→MK, p a, p b THE TRUTH ABOUT WORK Read and match the headings with paragraphs: A ILO findings: no change in average length of job tenure B Job tenure affected by the business cycle C White-collar workers complain more D Less job security for less educated E Public rethoric on employment patterns F Education, age, company size and job tenure G ILO contradicts generally held beliefs H Worker’s age and retention rate I Increase in temp. work – gateway to long-term employment

Job tenure among social groups: long or short University graduates: People with a medium level of education: Employees in larger companies: Junior workers: Ageing core: Younger workers: Older workers: Prime-age workers:

Reading assignment Read The truth about work Do exercise 2c Get ready to discuss the suggestions in 2d