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Influences on the Labour Market
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Influences on the Labour Market
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Government
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Government InfluenceGovernment policy in a wide variety of areas
has a significant influence
Influences the demand and supply of labour in direct or indirect
waysIncreasing regulation of the labourmarket seen as being
damaging by
someBusinesses claim legislation and taxesdepress the demand for
labour
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Employment Legislation Eq ual Pay Sex Discrimination
Disability Health and Safety Benefits in Work Pension Rights
Necessity of meeting legislation imposesadditional costs on
businesses shifts thedemand for labour to the left
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EU PolicySocial Chapter Specifies various employment rights
and
responsibilities More rules and regulations for employers to
meet Claim that it makes the labour market less flexible Imposes
additional costs on employers again
Working Time Directive Again limits employer flexibility Raises
cost!
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Trade Unions
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Trade UnionsLess popularLess relevant in
service industriesDecline of nationalbargainingImpact of
changing
work practices andlegislationNew role for tradeunions
Trade union power was affected by successivelegislation passed
during the 1980s and 1990s.The Miners Strike headed by Arthur
Scargill in1984, proved to be a watershed in trade
unionhistory.
But, is militancy rising again?Title: Arthur Scargill.
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External Influences
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External InfluencesWorking environmenthas changedWorkers need to
be moreflexibleJob for life unlikelyMigration trends willaffect
labour marketTechnology and transportchange the way we workSocial
Trends womenin the workplace, work-life balance, work ethic
The working environment and attitudes to workhave changed the
labour market for good?Title: Book Keeping. Copyright: Getty
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Market Power
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Market PowerExtent of market power in the labourmarket
Public Sector workers less marketpower pay determined by
governmentMonopsony buyers of labour healthservice, education?
Local negotiation in the workplace who has the power?Extent of
information and knowledgeavailable to the employer and employee
