Economics Help ! (1 Viewer)

SGSII

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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

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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

Active Member
Joined
Feb 18, 2012
Messages
471
Gender
Female
HSC
2013
Uni Grad
2016
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 :)
 

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