labor market segmentation
LAY-ber MAR-kit seg-men-TAY-shun
ˈleɪbər ˈmɑːrkɪt ˌsɛɡmɛnˈteɪʃənListen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
Dictionary meaning
the theoretical framework and empirical phenomenon in which the labour market is divided into distinct segments with different wage-setting mechanisms, employment stability, and access conditions, rather than functioning as a single unified market clearing through price competition; dual labour market theory distinguishes a primary segment of stable, well-paid jobs with career ladders and employment protections from a secondary segment of insecure, low-wage positions offering little advancement; segmentation can arise from institutional barriers including discrimination, credentialism, internal labour markets, and union-negotiated job structures that restrict mobility between segments regardless of individual workers' productivity
Learn one new pronunciation a day
Get a word, name or idiom like “labor market segmentation” in your inbox — daily or weekly, free. Unsubscribe any time.