Tag Archives: labour market

Understanding ‘Labour Market Flexibility’ Should Matter to You

You're fired, clean out your desk office worker

If you’re someone who wants to work to support yourself (i.e. basically everyone), then the labour market is important for you to understand. Just like the “supply and demand” of products in a market, the supply and demand of labour makes up what we call the “labour market.” An employee therefore represents a supply, to be “bought” (by an employer) and “sold” (by an employee). Depending on several volatile factors, there may be more or less demand from employers, and the government may play a significant role in affecting this. However… which approach is the best for workers?

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