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Active labour market policies are based on the concept of social investment, which rests on the idea of basing decision-making on the welfare of society in quantifiable terms, by increasing the employability, incomes and productivity of economic agents, so this approach interprets state expenditure not as consumption but as an investment that will produce returns on the welfare of individuals.
External numerical flexibility is the adjustment of the labour intake, or the number of workers from the external market. This can be achieved by employing workers on temporary work or fixed-term contracts or through relaxed hiring and firing regulations or in other words relaxation of employment protection legislation, where employers can hire and fire permanent employees according to the ...
In the Rehn-Meidner model, active labour market policy shall sustain full employment but also speed up the transfer of labour to dynamic companies and industries. Rehn argued for mobility-enhancing labor-market policies, including high unemployment benefits, based on a notion of "security by wings" rather than "security under shells."
As of 2023, according to estimates by the nonpartisan Economic Policy Institute (EPI), foreign-born labor accounted for record-high 18.6% of the US workforce. That same year, according to EPI, the ...
Measures of policy uncertainty have spiked since Donald Trump's election win in November. ... "Downside risks to the labor market do appear to have diminished," Fed Chair Jerome Powell said after ...
The proposal by House Speaker Ryan Fecteau, D-Biddeford, calls for paying direct care workers at least 140% of Maine’s minimum wage to compete in the current labor market.
However, the labour market differs from other markets (like the markets for goods or the financial market) in several ways. In particular, the labour market may act as a non-clearing market. While according to neoclassical theory most markets quickly attain a point of equilibrium without excess supply or demand, this may not be true of the ...
Flexicurity (a portmanteau of "flexibility" and "security") is a welfare state model with a pro-active labour market policy. The term was first coined by the social democratic Prime Minister of Denmark Poul Nyrup Rasmussen in the 1990s. The term refers to the combination of labour market flexibility [1] in a dynamic economy and security for ...