Asked by Brent Markovich on Jul 05, 2024

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Which of the following is NOT true about the theory of the dual labor market?

A) It is a class theory of employment.
B) The dividing line between the primary and secondary markets is whether you have a college degree.
C) Jobs in the secondary market pay better than those in the primary market.
D) This theory does not take into account the huge middle level of occupations-nursing,social work,and non-college-graduate positions in insurance,banking,and retailing.

Dual Labor Market

A theory of the labor market that suggests it is divided into two segments: the primary market, which offers good jobs and the secondary market, known for poor working conditions and low pay.

Primary Market

A financial market where new securities are issued and sold for the first time to investors.

Secondary Market

A marketplace where investors buy and sell securities or assets from other investors rather than from issuing companies directly.

  • Identify the differences between primary and secondary labor markets and their respective characteristics.
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JH
Jassim HamdanJul 11, 2024
Final Answer :
C
Explanation :
The theory of the dual labor market suggests that there are two distinct labor markets: the primary market (high paying, secure jobs with benefits and opportunities for advancement) and the secondary market (low paying, insecure jobs with little to no benefits or opportunities for advancement). However, it does not suggest that jobs in the secondary market pay better than those in the primary market. In fact, the opposite is true - jobs in the primary market typically pay better and offer more job security and benefits.