Labour market flexibility refers to the speed with which labour markets adapt to fluctuations and changes in society, the economy or production.
Read more about Labour Market Flexibility: Definition, Theory, Flexibility For Workers
Famous quotes containing the words labour and/or market:
“all her labour was but as a block
Left in the quarry;”
—Alfred Tennyson (1809–1892)
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
—John Michael Hayes (b. 1919)