Question

What are the long term factors impacting the global labor market?

Answer 1

Five major factors that would affect labor markets include: discrimination, unions, unemployment, and income inquality.

At the macroeconomic level, supply and demand are influenced by domestic and international market dynamics, as well as factors such as immigration, the age of the population and education levels. Relevant measures include unemployment, productivity, participation rates, total income and gross domestic product (GDP).