Job market Definition and 54 Threads

Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers in exchange for a wage paid by demanding firms. Because these labourers exist as parts of a social, institutional, or political system, labour economics is often regarded as a sociology or political science.Labour markets or job markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers) and the demanders of labour services (employers), and attempts to understand the resulting pattern of wages, employment, and income. These patterns exist because each individual in the market is presumed to make rational choices based on the information that they know regarding wage, desire to provide labour, and desire for leisure. Labour markets are normally geographically bounded, but the rise of the internet has brought about a 'planetary labour market' in some sectors.Labour is a measure of the work done by human beings. It is conventionally contrasted with other factors of production, such as land and capital. Some theories focus on human capital, or entrepreneurship, (which refers to the skills that workers possess and not necessarily the actual work that they produce). Labour is unique to study because it is a special type of good that cannot be separated from the owner (i.e. the work cannot be separated from the person who does it). A labour market is also different from other markets in that workers are the suppliers and firms are the demanders.

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  1. R

    Physics Is the Job Market for Geophysics in Canada Uncertain Due to the Pandemic?

    Hi all. This is my first post in the physics forum! My name is Raymond. I have recently graduated with a double major in Physics and Geophysics in Canada. My initial goal was to pursue Exploration Geophysics/Hydrology in grad school ( University of Toronto/UBC/University of Calgary) and go to...
  2. Z

    Other Recent Grad with Job market Questions

    Hello, I recently graduated from my university with a B.S in Astrophysics, and a minor in Mathematics. Through my undergrad I have done undergraduate research on pulsars, and even developed and coded an app to help catalog and database pulsar candidates, with the help of graduate students and a...
  3. E

    Job Skills Leaving a 2nd Master's degree to accept an offer abroad

    This is my first post so don't be too harsh. I was just looking to get additional opinions in order to make a more informed decision. Since I always had the idea of becoming an astrophysicist I enrolled in Bsc in physics engineering (5 years) here, and due to being the top student I was invited...
  4. Ahmed Abdalla

    Job Skills I finally got my bachelor's degree in physics, now what?

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  5. W

    Physics Career options for a physicist (MSc)

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  6. S

    Other I started PhD abroad, but would like to get a job

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  7. M

    Engineering How age and experience matter when getting a job?

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  8. A

    Physics Starting my PhD in cosmology -- question about my career prospects

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  9. T

    Job Skills Job Market for different EE fields

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  10. M

    Schools Which field of study has the highest professor employment?

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  11. Pi Pie

    Math Maximizing Employability with a Master's Degree After 30

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  12. P

    Physics Finance Job Market for Astronomy Ph.D.?

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  13. B

    Programs Want to study physics, but pressured towards engineering

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  14. rfranceschetti

    Engineering Job market for engineer physicists

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  15. Harshna

    Jobs in Physics/Mathematics that Actually do Calculus

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  16. MRrelativity

    Engineering How well is the nuclear engineering job market doing?

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  17. kuan9611

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  18. cdsandstuff

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  19. S

    Job Skills Is the Ph.D. Job Market Really Shrinking?

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  20. T

    Medical Physics Shadowing at UAB

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  21. G

    Physics Is Theoretical Physics a Viable Career Path in Academia?

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  22. vinicius0197

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  23. S

    Exploring the Astrophysics Job Market: Passion vs Practicality

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  24. C

    Cronyism and Nepotism in Job Market

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  25. H

    Medical Physics Job Market and Future Outlook

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  26. PhysixChick

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  27. A

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  28. O

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  29. E

    Engineering Job Positions for US Engineering Job Market for VLSI Design Focus Grad

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  30. S

    How's the Job Market for Applied Physics Graduates?

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  31. P

    Physics Will the job market still be favorable for geophysicists in O &G

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  32. L

    What are the job prospects for a medical physics graduate in California?

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  33. H

    Future Job Market: Engineers & Computer Scientists: Debate & Solutions

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  34. M

    Physics What are the Job Opportunities for a Theoretical Physics Degree Holder?

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  35. L

    On leave from academia and in preparation for the job market

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  36. S

    Schools Graduate School Reputation & Industry Job Market for Physics PhD

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  37. V

    What are my job options with a statistical degree and no finance background?

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  38. S

    Engineering Job market for software engineers for the next few decades?

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  39. C

    Physics Why do some think that the job market for physics majors is terrible?

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  40. D

    Current and prospective job market for EE

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  41. A

    Is the Job Market Getting *WORSE* for PhDs?

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  42. M

    Is Prestige the Key to Success in the Physics Job Market?

    As we all know, the job market for physicists is abysmal. but just how bad is it? and what role does the prestige of the university you attended play? Will someone who earned their Ph. D from MIT or Harvard have a much easier time getting a post-doc, than say, someone who went to Virginia Tech...
  43. C

    Physics What the oil and gas job market says for a new geophysics grad.

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  44. G

    Is the Job Market for Physicists Better Outside of America?

    I'm fully aware after having read through various forums and articles online by people who know what they are talking about that the job market for physicists, at least in America, is awful. Most grad students nowadays end up spending 5-10 years doing post-doctoral work, and when they finally...
  45. M

    Physics The Ph.D. degree is a handicap in the job market for clinical medical physicists

    See another note on Medical Physics. The Ph.D. degree is a handicap in the job market for clinical medical physicists Med. Phys. Volume 27, Issue 12, pp. 2641-2643 (December 2000)
  46. P

    Aerospace Engineers: Boom and Bust Job Market?

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  47. P

    Recent college grad question about job market

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  48. G

    US Job market outlook for EE/CE?

    Hello, I'm halfway through my undergrad program in EE (I've also been taking the necessary courses for a CE concentration, but have no yet declared it). I was wondering if anyone out there could give me an idea of what the job market for EE (and CE) looks like in the US at this moment, and...
  49. A

    Type of Jobs and Job Market for 8-9 years of studying .Pleasee help.

    Here in my country there is a 5 year licenciate after that you take 3-4 years master degree. I would like to know the type of jobs and opportunities after 9-8 years of studying. I am starting university in 1 year. Please help.
  50. J

    Is the job market good for astro physic majors or general physic majors?

    I am considering changing my major to Philosophy and Physics with a astrophysics minor, since my school doesn't offer astronomy and astrophysics as a major. My current major is biotechnology. I was reading some article that was a little scary, it is about how the job market for physicist isn't...
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