Workers

What the syllabus asks of you

• factors affecting an individual’s choice of Wage and non-wage factors. occupation
• wage determination The influences of demand and supply, relative bargaining power and government policy, including minimum wage.
• reasons for differences in earnings How changes in demand and supply, relative bargaining strengths, discrimination and government policy can all influence differences in earnings between workers whether they are: skilled/unskilled; primary/secondary/tertiary; male/ female; private sector/public sector. Definition, drawing and interpretation of diagrams that illustrate the effects of changes in demand and supply in the labour market.
• division of labour/specialisation Advantages and disadvantages for workers, firms and the economy.