Labour market flexibility
id:
labour-market-flexibility-199-6782639
title:
Labour market flexibility
text:
The degree of labour market flexibility is the speed with which labour markets adapt to fluctuations and changes in society, the economy or production. This entails enabling labour markets to reach a continuous equilibrium determined by the intersection of the demand and supply curves. Labour unions can limit labor market flexibility by negotiating higher wages, benefits, and better working conditions with employers. In the words of Siebert, labour unions were seen to inhibit "the clearing funct
brand slug:
wiki
category slug:
encyclopedia
description:
Speed with which labour markets adapt to changes
original url:
https://en.wikipedia.org/wiki/Labour_market_flexibility
date created:
date modified:
2023-11-02T08:49:14Z
main entity:
{"identifier":"Q520878","url":"https://www.wikidata.org/entity/Q520878"}
image:
fields total:
13
integrity:
14