What is one significant change in the labor market that is also changing the notion of job satisfaction?

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28-07-2022
Social Studies

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What is one significant change in the labor market that is also changing the notion of job satisfaction?

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tutorconsortium341 tutorconsortium341 · Answer 1 · 2022-08-05T08:14:44+02:00

One significant change in the labor market that is also changing the notion of job satisfaction fewer prospects of having a long career in one organization

What is Labor Market?

Understanding the operation and dynamics of the markets for wage labor is the goal of labor economics. Labor is a resource that is provided by workers, typically in return for a wage that is paid by greedy businesses.
Labor economics must take into account social, cultural, and political factors because these workers are a part of a social, institutional, or political system.
Employers and employees interact to drive the operation of labor markets or employment markets. In order to explain the pattern of wages, employment, and income that results, labor economics examines the providers of labor services (workers) and the demanders of labor services (employers).
Because each person in the market is assumed to make logical decisions based on the information they are aware of regarding wage, willingness to supply labor, and desire for leisure, these patterns are thought to exist. Normally, labor markets are constrained by geography, but as the internet has grown, some industries now have a "planetary labor market."

To learn more about labor market with the given link

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