📚 Learning Guide
Labor Market Segmentation
hard

In labor market segmentation, which of the following best describes the primary labor market?

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Learning Path
Learning Path

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Choose the Best Answer

A

Jobs with high pay, security, and benefits

B

Jobs with low pay and high turnover

C

Jobs that are typically part-time and seasonal

D

Jobs that require minimal education and training

Understanding the Answer

Let's break down why this is correct

Answer

In labor market segmentation, the primary labor market refers to jobs that are stable, well-paying, and often come with good benefits. These jobs typically require higher education or specialized skills, and they tend to offer opportunities for growth and advancement. For example, a software engineer working for a large tech company would likely be in the primary labor market because they have a solid salary, job security, and benefits like health insurance and retirement plans. In contrast, the secondary labor market includes jobs that are usually lower-paying, less stable, and may not offer benefits, like seasonal or part-time work in retail. Understanding this distinction helps to see how different jobs can affect people's lives and their economic security.

Detailed Explanation

The primary labor market has jobs that pay well and offer good benefits. Other options are incorrect because This option describes jobs that are not stable and pay less; This option talks about jobs that are part-time or seasonal.

Key Concepts

Labor Market Segmentation
Income Distribution
Social Mobility
Topic

Labor Market Segmentation

Difficulty

hard level question

Cognitive Level

understand

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