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Secondary labor market. 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.
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 ...
Employment in production occupations (a subset of manufacturing) was expected to fall from 9.4 million in 2016 to 9.0 million in 2026 (a 4% decline), falling from 6.0% of employment to 5.4%. [ 19 ] According to the Semiconductor Industries Association, by the end of 2022, the chip industry has committed almost $200 billion to build and expand ...
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 ...
Three sectors according to Fourastié Clark's sector model This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors.
Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, and disability insurance. Employment is typically governed by employment laws, organisation or legal contracts.
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