Concept information
...
sociology of work
sociology of work encyc
globalization and cross-national perspectives on work
labor markets
Preferred term
external labor markets
Definition
- Labor markets provide a mechanism for employers and employees to agree on terms for exchanging labor input for wages. In accepting an employment relationship, a worker agrees to receive wages (and other inducements) in exchange for submitting to the directives of the employing organization within some zone of indifference. [Source: Encyclopedia of Business in Today's World; External Labor Market]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/external_labor_markets
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}