Overview
Structural changes in labor markets are significant shifts that can reshape the employment landscape. These changes are often driven by technological advancements, globalization, and evolving consumer demands. Understanding these shifts is crucial for workers, employers, and policymakers to adapt to...
Key Terms
Example: The labor market is influenced by economic conditions and job availability.
Example: The rise of technology has caused structural changes in many industries.
Example: Many people now work in the gig economy as ride-share drivers or freelance designers.
Example: Many graduates face skill mismatches when they enter the job market.
Example: Many companies outsource customer service to reduce costs.
Example: Automation in manufacturing has increased efficiency but reduced the number of factory jobs.