A Dual Labor Market is a theory describing two distinct segments of the workforce: a primary market with stable, well-paid jobs and a secondary market with low-wage, temporary roles.
- What is a dual labor market?
Answer: It is a theory of two workforce segments: stable, high-paid jobs and low-wage, temporary roles. - What are examples of the primary labor market?
Answer: Examples include managerial and professional positions. - What characterizes the secondary labor market?
Answer: It features low pay, instability, and limited benefits. - How does the dual labor market affect employees?
Answer: It influences career mobility and wage disparities. - What can HR do to address dual labor market issues?
Answer: HR can promote upskilling and equitable opportunities.
