Monday, February 05, 2007

Unit 2: Labour Market failure: Rover

Almost 2 years after Rover went bust, 23% of the workforce is stiull unemployed says an article in todays Guardian

http://business.guardian.co.uk/story/0,,2005863,00.html

This is a case of market failure due to the OCCUPATIONAL immobility of labour. It is an example of STRUCTURAL unemployment

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