What does labour market flexibility mean?
Definitions for labour market flexibility
labour mar·ket flex·i·bil·i·ty
This dictionary definitions page includes all the possible meanings, example usage and translations of the word labour market flexibility.
Wikipedia
Labour market flexibility
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 functions of the market by weakening the demand for labor, making it less attractive to hire a worker by explicitly pushing up the wage costs or by introducing a negative shadow price for labor; by distorting the labor supply; and by impairing the equilibrating function of the market mechanism (for instance, by influencing bargaining behavior)."
Numerology
Chaldean Numerology
The numerical value of labour market flexibility in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of labour market flexibility in Pythagorean Numerology is: 9
Translations for labour market flexibility
From our Multilingual Translation Dictionary
- انعطاف پذیری بازار کارPersian
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"labour market flexibility." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/labour+market+flexibility>.
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