Economics Help ! (1 Viewer)

[SGSII]

Hi Guys

What are the key labour market institutions in Australia ?
I need at least 3.
And how do I link those institutions with wage determination ?

Thanks.

 

[planino]

Labour market institutions
•unions
•employer associations
•current employment /industrial framework.

textbook might help with the rest of the linkage, but for unions:
- they restrict the supply of labour through strikes
- excersise bargaining power with employers (similar to a price floor, i.e. put simply, they try to push their wage levels up)
- represent members in industrial relations
- Lobby governments (lobbying for protection can increase demand for labour in the protected industries - possibly due to the job security they have earnt from the lobbying?)

 

[SGSII]

Labour market institutions
•unions
•employer associations
•current employment /industrial framework.

textbook might help with the rest of the linkage, but for unions:
- they restrict the supply of labour through strikes
- excersise bargaining power with employers (similar to a price floor, i.e. put simply, they try to push their wage levels up)
- represent members in industrial relations
- Lobby governments (lobbying for protection can increase demand for labour in the protected industries - possibly due to the job security they have earnt from the lobbying?)

Okays thanks