Increased Labour Market Information

Question 1

potential advantages

Answer 1

– Might help to address occupational immobility of labour

– Might help to address geographical immobility of labour

– best employees Aware of competing jobs ( the most productive workers could now be paid a wage closer to the MRP)

Question 2

Potential disadvantages

Answer 2

– More information may not address. Structural unemployment.

– There is a real resource opportunity cost

– Information provision may not necessarily improve the availability of jobs