Organization

Description

Labor markets function through the interaction of workers and employers. Traditionally, labor markets have been thought to be perfectly competitive. That is, there are many workers and employers have perfect information and there are no transaction costs. The competitive framework leads to clear conclusions - workers earn their marginal product of labor.

As the supply of human resource, development of labor market is much relevant to development the future office. Align with the growth of population, higher education, professional skill and working experience are required to meet the need of job competition and capable with position of job.

Enablers

1. Popularization of ompulsory education;
2. Lower doorsill of higher education;
3. Study and work abroad experience align with the cross-culture and globalization;
4. Stable working hours and welfare;
5. Social network;
6. Laws and disciplines setted up by countries and organizations to protect the labor force.
   

Inhabitor

1. Information asymmetry between demand and supply;
2. Mismatch between the skills and other attributes of the labour force and those demanded; by employers;
3. Insufficient demand in the overall economy result from economy recession;
4. Iniquity competition and bias as disabled, sex("ice celling") and religion.
   

Experts

1. USA
2. EU
3. China

Reference

http://en.wikipedia.org/wiki/Labor_market
http://www.law.harvard.edu/programs/lwp/LWPclmp.html