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Title: Labor market segmentation

Essay Details

Subject: Business
Author: Esther L
Date: March 29, 2016
Level: University
Grade: A
Length: 2 / 334
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

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The concepts of primary and secondary labor-markets have now passed into conventional thought, with the primary labor-market commonly understood to mean people with secure jobs and good conditions of work in public-sector employment, the large corporations and highly unionized industries; while the secondary labor-market is understood to cover small employers, non-unionized sectors of the economy, competitive industries such as retailing, where jobs are less secure and conditions of work and pay generally poorest...

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The jobs in the primary internal segment are those typical of the hard core of stable employees in a firm, need long on-the-job training in firm-specific skills, have security and good promotion prospects, a high span of discretion, and high material rewards.[4] Professional and skilled craft work requiring occupation-specific rather than firm-specific skills, and often supplied on a contract or self-employed basis...

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