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Theme 3: Global Labour Markets
infoWhy this? Global Labour Markets is taught because it develops an understanding of how globalisation has changed employment, wages, and the movement of workers across countries. Students explore how labour markets operate, the factors that influence the supply and demand for labour, and the impact of skills, education, migration, and global competition on employment opportunities. Global Labour Markets also helps students evaluate issues such as wage inequality, labour shortages, minimum wages, and international competitiveness, showing how changes in the workforce affect both businesses and economies.
scheduleWhy now? Global Labour Markets is taught after Impact of Globalisation on Local and National Economies because students have already explored how globalisation affects businesses, countries, and multinational corporations. This unit builds on that understanding by focusing specifically on the effects of globalisation on workers, employment patterns, wages, and migration. Global Labour Markets helps students understand how changes in labour supply, skills, and international competition influence economic performance and living standards, providing a foundation for the study of poverty and inequality that follows.