labour markets application Flashcards
1
Q
factors that have been affecting demand for labour app
A
Tesco automation → Self-checkouts reduce demand for cashiers
Construction demand boom post-Covid → Labour demand ↑
NHS hiring drives → Increase in demand for nurses
2
Q
supply of labour app
A
NHS nurses: Training length + low pay = shortage
Tech jobs: High wages attract workers → supply ↑
Teaching: Workload + low relative pay = supply issues
3
Q
Current labour market issues UK
A
Public sector strikes (NHS, teachers) due to real wage cuts
Gig economy growth → Insecure work, poor rights (Uber, Deliveroo)
Youth unemployment: Especially post-Covid(over 1 million NEET’s )
Gender pay gap: Still around 14% in the UK (ONS 2023)
Gov freezes / caps (e.g. 1% rise cap in NHS post-2010 austerity)
