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
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