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Labour Market - Coggle Diagram
Labour Market
Wage Determination
Demand and supply of labour
Fair Work Commission
Awards
Enterprise bargaining
Trade unions
Types of Unemployment
Cyclical
Structural
Frictional
Seasonal
Labour Market Changes
Decentralisation
Decline in unions
Growth of service sector
Casualisation
Government Policies
Education and training
Skilled migration
Welfare-to-work
Fiscal and monetary policy
Contemporary Issue
Gig economy
Ageing population
Migration
Gender participation
Labour Market Indicators
Unemployment rate
Participation rate
Underemployment
Labour Demand
Derived demand
Influenced by:
Economic growth
Wages
Productivity
Technology
Productivity
Output per worker
Improved by:
Education
Technology
Investment
Labour Supply
Influenced by:
Population growth
Migration
Participation rate
Education and training