A construction worker may find it difficult to switch to an occupation such as banking
TUND/FOTOLIA
The following question appeared in ‘The economics of work and leisure’ module, within the OCR specification, and raises important issues of market failure in the context of labour markets. Given that migration has been a contentious issue for the UK economy, it is a topical area for discussion. However, it is important to realise that migration is just one aspect of the mobility of labour, as will be outlined in my discussion below.
(a) Analyse using examples how the immobility of labour may lead to market failure. (10 marks)
Your organisation does not have access to this article.
Sign up today to give your students the edge they need to achieve their best grades with subject expertise
Subscribe
