Labour Market 3 Flashcards Preview

Economics REVISION 5 (micro) > Labour Market 3 > Flashcards

Flashcards in Labour Market 3 Deck (12)
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1
Q

Factors that may cause a gender pay gap

A
  • breaks eg maternity leave
  • access to education
  • traditions
2
Q

In less developed and more developed countries what jobs are females in

A

Service occupations or vocational professions

3
Q

What do trade unions do

A

Use collective bargaining with employers to protect their members

4
Q

In 2013 how many people were registered as members of a trade union

A

7 million

5
Q

5 key roles for trade unions

A
  1. Protecting and improving standards of work / real wages
  2. Protecting workers against unfair dismissal
  3. Improvements in working conditions
  4. Better training and education
  5. Protection of pension rights for union members
6
Q

I’d trade unions bid for employers to pay a premium wage above the normal competitive market wage what may occur

A

Excess supply of labour and a contraction of total employment

7
Q

When do unions have more success in raising wages for their members

A

If the demand for labour is relatively wage inelastic

8
Q

When are unions more influential

A

When they represent a high % of all workers in a given industry / occupation

9
Q

What kind of deal can be made to rise pay

A

If unions and employers agree a pay deal on success in lifting productivity

10
Q

Why has there been a long term decline in trade union memberships

A
  • legislation reduced striking powers
  • rise in flexible labour markets e.g. 0 hour contracts
  • de-industrialisation
  • impact of globalisation
11
Q

How has de-industrialisation resulted in a decline in trade union memberships

A

There are fewer jobs in industries where unions tended to be stronger e.g. heavy manufacturing

12
Q

How has globalisation resulted in the decline in trade union memberships

A

Reduce the bargaining power of employees - growing monopsony power of larger TNCs