Labor Market Influence

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. Higher education and skill are required to meet the need of job competition and capable with position of job.

Enablers

1. ;
2. ;
3. ;
4. ;
5. ;
6. ;
7. .
   

Inhabitor

1. Mismatch between the skills and other attributes of the labour force and those demanded by employers;
2. ;
3. .
   

Experts

1. USA
2. EU
3. China

Reference

http://en.wikipedia.org/wiki/Labor_market