3.5.2 Market Failure In Labour Markerts

Question 1

What is geographical immobility of labour

Answer 1

• when workers find it difficult to move from one geographical area to another in order to secure employment

Question 2

What are the main causes of geographical immobility in the uk labour market?

Answer 2

• housing costs
• high living costs
• educational institutes
• limited access to transportation

Question 3

What are some government policies to deal with geographically immobility?

Answer 3

• building new houses in popular areas
• social housing
• affordable childcare
• subsidies to encourage firms to move to depressed areas
• access to affordable housing

Question 4

What is occupational immobility of labour?

Answer 4

• this occurs when there’s barriers to the immobility of factors of productions between different sectors of the economy

Question 5

Government policies to deal with occupational immobility

Answer 5

• government provisions of education and training
• government subsidies to forms who provide training schemes
• apprenticeships