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After the end of World War II, West Germany surpassed France in the employment of skilled labor needed at a time when industrialization was sweeping Europe at a fast pace. West Germany's preponderance in the training of skilled workers, was the main factor to outweigh the balance between the two countries.
For example, a developed country purchasing imports from a developing country, which then replaces products made with domestic, low-skills labor. This, in turn, decreases the demand for low-skills workers in the developed country. Both of these factors may increase the wages of highly skilled workers in the developed country.
On the shifts in labour supply and demand, factors include demand for skilled workers going up more than the supply of skilled workers and relative to unskilled workers as well as technological changes that increase productivity; all of these things cause wages to go up for skilled labour while unskilled worker wages stay the same or decline ...
Brain circulation is the circular movement of skilled labour across nations. Brain circulation differs from brain drain which describes skilled labour from certain countries emigrating to other countries in search of better opportunities. In India one witnessed large-scale emigration of engineers from its premier engineering institutes ) in the ...
The evidence can be found in the data, which shows a higher unemployment rate for professional and business services workers, and a lower one for people who work in manufacturing.
Matching Workers and Jobs: Under Tournament Theory, workers are matched to their appropriate job. Firms with a tournament structure in the workplace are more likely to hire more competitive and highly-skilled workers, and firms with a workplace based structured around equity are more likely to hire less competitive and lower-skilled workers.
The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation).Individuals, organisations, and nations are endowed with or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own.
In the healthcare sector, for example, Kenya has less than a third of the 44.5 health workers per 10,000 people recommended by the World Health Organization, according to a labour ministry report ...