Occupational Mobility of Labour. Refers to the ability of labour to move between different types of jobs. For example, footballer to university lecturer.
Factors Affecting the Occupational Mobility of Labour
- Education. Labour may be unable to move to a different type of job due to a lack of education for that job. For example, an economics degree may be required to teach high school economics.
- Training. Labour may be unable to move to a different type of job due to a lack of training. For example, to become a university lecturer you may need a PhD.
- Skills. Labour may be unable to move to a different type of job due to insufficient skills. For example, a person may not be skilful enough at kicking a ball to become a footballer.
What the Government can do to Increase the Occupational Mobility of Labour
- Increase spending on education. The government could increase spending on education to improve workers’ human capital by giving them more knowledge and skills so that they can get new jobs.
- Apprenticeships. The government could subsidize firms to train workers to give them the skills for new jobs.