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The labour market - Coggle Diagram
The labour market
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Gender pay gap
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more likely to take career breaks and job share,
high cost of childcare forces parents to give up job,
part time work
Gender quotas,
family friendly,
pay gap reporting,
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Labour shortages
Increase visas,
increase minimum wage,
Reduce direct taxes,
incentivise individuals,
accommodation cheaper,
social infrastructure
LDMR: increasing units of variable FOP combined with fixed amount of another FOP, the extra output generated by extra units of variable FOP start to diminish
Gig economy: Independent workers,
short-term/payment by task
Different wages based on:
Nature of Job,
skills,
responsibility,
Experience,
Trade union,
productivity,
innate talent