Labour Market Failure I A Level and IB Economics

This is a recording of a revision webinar covering aspects of labour market failure. Unemployment and economic inactivity in the UK labour market are falling, but when we disaggregate the market we find that there remain persistent issues including risks of extreme poverty, labour immobility, skills shortages and the issues facing workers in vulnerable jobs perhaps facing a monopsony employer. #aqaeconomics #ibeconomics #edexceleconomics