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The secondary labor market is the labor market consisting of high- turnover, low-pay, and usually part-time or temporary work. Sometimes, secondary jobs are performed by high school or college students. The majority of service sector, light manufacturing, and retail jobs are considered secondary labor. [1]
Labor market segmentation is the division of the labor market according to a principle such as occupation, geography and industry. [1] One type of segmentation is to define groups "with little or no crossover capability", such that members of one segment cannot easily join another segment. [2] This can result in different segments, for example ...
The dual labour market (also referred to as the segmented labour market) theory aims at introducing a broader range of factors into economic research, such as institutional aspects, race and gender. [1][citation needed] It divides the economy into two parts, called the "primary" and "secondary" sectors. The distinction may also be drawn between ...
The economy of the United States is divided into economic sectors. The North American Industry Classification System (NAICS) was developed in 1997 and is used by the United States Census Bureau and U.S. Securities Exchange Commission (SEC).
Employment is a relationship between two parties regulating the ... One of the major costs of obtaining a post-secondary education is the opportunity cost of forgone ...
The United States is the world's second-largest manufacturer after the People's Republic of China with a record high real output in 2021 of $2.5 trillion. [2] As of December 2016, the U.S. manufacturing industry employed 12.35 million people. A year later, in December 2017, U.S. manufacturing employment grew by 207,000, or 1.7%, employees. [3]
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary). [1] The model was developed by Allan Fisher, [2][3][4 ...
A vocational school is a type of educational institution specifically designed to provide vocational education. Vocational education can take place at the post-secondary, further education, or higher education level and can interact with the apprenticeship system.
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