👑Labor Market and Employment  Essays

Explain causes of an increase in the size of a country’s labour force.

Explain reasons why a reduction in their working hours may not cause public sector workers to move to working in the private sector.

Identify reasons why a government may set an NMW.

Analyse why someone who has been unemployed for more than a year may not get another job.

Identify influences on which country a person decides to work in.

Discuss whether or not a decrease in government spending will increase unemployment.

Discuss whether workers always benefit when their trade union achieves an increase in wages.

Discuss the view that a national minimum wage is beneficial for an economy. [25 marks]

UK students often take jobs during their holidays and some save part of their income to pay their tuition fees. UK graduates earn, on average, £8500 a year more than non-graduates. Economics graduates had the second highest average earnings of all UK graduates in 2016. The top 10% of economics graduates earned £115 000 a year.

Analyse why economics graduates are well-paid.[6]

Consider whether wages are only determined by the market forces of supply and demand. [25]

Singapore is usually ranked as one of the best countries in which to do business. It is an open economy engaging in free trade. It has a history of strong entrepreneurship, low unemployment, low average costs and relatively low tax rates. Its example may encourage other countries to remove trade restrictions.

Discuss whether low unemployment in a country will encourage multinational companies (MNCs) to set up there. [8]

Analyse the reasons why a country’s birth rate may fall.