Please enable JavaScript.
Coggle requires JavaScript to display documents.
Labour Market reforms - Coggle Diagram
Labour Market reforms
Abolishing minimum wage
Wage E* Decreases
Demand for workers increase
Unemployment falls
Firms profit increase
Investment Increase
Economic growth Increase
Weakening Trade Union Power
Wages fall
Demand for workers increase
Employment Increase
Investment increase
Economic Growth Increases
Reducing Unemployment Benefits
Workers incentive work increases
More people enter labour force
Unemployment falls
More people enter labour force
Production increase
Output and economic growth increase
Reducing Job Security
Firms fire workers easily
hire new workers
employment opportunity increases
labour cost reduce
profit for firms increase
Investment increases
Economic Growth increases