BUS301-The role and importance of labor mobility in meeting the requirements of the Twenty-first Century labor market, Singapore

Assignment Details:

Critically assess the role and importance of labor mobility in meeting the requirements of the Twenty-first Century labor market.

Some pointers here:

• Abilities to move around within and across different economies
• Types: geographical and occupational, Horizontal labor mobility and Vertical labor mobility (others as well)
• Increase SS of labor
• Economic growth
• Decrease wages
• Minimum wage
• Zero hour contracts
• Increase unemployment
• Increase productivity
• Immigration and local reaction
• Supply chain
• Skill sets needed by some industries but not available by local workers
• Regulations and employment policies
• Workers improve their personal opportunities and incomes
• Technology transfer and competitive advantage