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Lecture notes

Lecture notes 3.5.1 employment patterns

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Institution PEARSON (PEARSON)
Module Unit 3 - The global economy
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These notes helped me get an A* in A Level Economics, covering all aspects of the specification, plus hints of real world context.

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3.5.1 employment patterns

 Employment patterns
o Growth of global labour force
 World is becoming more industrialised
 More people than ever in global labour market
 People move from rural to urban areas
 Lifts people out of poverty
 Increases GDP and productivity
 Labour saving technology makes production more efficient
 Global labour force is estimated to increase by 3.5 billion by 2030
 Workers take advantage of job opportunities in other countries
 Increased standard of living
o Structural change
 Growth in developing countries exports to developed countries
 Developing countries have an advantage in production due to low labour costs

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Study Level
A/AS Level
Subject
Economics B
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June 15, 2023
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2022/2023
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Lecture notes
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Paddingtion zinzombe
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