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This powerpoint is purposefully made for iGCSE Economics using the most recent Cambridge syllabus.

It fully covers - 3.3 Workers

3.3.1 Factors affecting an individual’s choice of occupation
• wage and non-wage factors

3.3.2 Wage determination
• influences of the demand for labour and the supply of labour
• trade unions and their relative bargaining power
• government policy, including national minimum wage (NMW)
• drawing and interpretation of diagrams that illustrate the effects of:– changes in demand and supply in the labour market– national minimum wages

3.3.3 Reasons for differences in wages
• reasons for differences:– demand for and supply of labour– relative bargaining strengths– discrimination, e.g. male/female– government policy
• how these reasons influence the wages of workers, depending on:– level of skills of workers– economic sector workers operate in: primary/secondary/tertiary– discrimination between workers, e.g. male/female– whether the worker is working in the private sector or public sector

3.3.4 Mobility of labour
• causes of changes in the occupational and geographical mobility of labour
• consequences of changes in the occupational and geographical mobility of labour

3.3.5 Division of labour
• definition of division of labour (worker specialisation)
• advantages and disadvantages of division of labour