Answer the questions based on the CASE STUDY.

Source : https://businesscasestudies.co.uk/making-the-labour-market-work-better/

THE ANSWER OF THIS QUESTION IS BASED ON THE ARTICLE/ source PROVIDED.

QUESTION 1 (20 MARKS)

In the labour market employers have to compete with each other for human resources. Workers 'supply' some of their time and effort to organisations for a wage while the organisations 'demand' labour in order to produce goods and services.

Based on the above situation, discuss its impact on the labor market equilibrium with the aid of a diagram. (20 marks)

QUESTION 2 (20 MARKS)

Unemployment has several disadvantages. It has an enormous social cost for individuals and communities. It leads to a considerable waste of resources. For example, for approximately 20 years prior to the Second World War, unemployment averaged at least 10 in this country with idle machines, factories and employees. Rises in unemployment lead to falls in consumer spending. A small fall in consumer demand can lead to a much bigger overall change in incomes and spending. This cycle is known as the multiplier.

a. Explain the impact of unemployment on the individuals and communities in the long run. (8 marks)

b. The government is aware of a few possible problems in the long run when implementing policies to combat unemployment. With the aid of a diagram, discuss on how the government solve the situation of inflation rate and unemployment of the country. (12 marks)

QUESTION 3 (20 MARKS)

"As the term of unemployment increases, people's work opportunities reduce and they, in turn, reduce their efforts to seek work and can become excluded from the labour market."

From the statement above, identify the worker-effect and discuss the effect to the labor participation rate.

QUESTION 4 (20 MARKS)

Young people face particular difficulties in the labour market. On entering the labour market, some young people find it difficult to obtain a secure foothold. Their lack of experience and limited skills means that employers can be reluctant to take them on and incur the costs of training them.

Based on the above situation, there are four options offered to the young people as the New Deal. How these offers can be implemented in Malaysia in order to avoid labour migration? Elaborate.

(20 marks)

QUESTION 5 (20 MARKS)

The New Deal aims to match unemployed people to jobs and focuses on the groups of people who suffer unemployment most - young people, the long term unemployed, lone parents and disabled people.

a. Do you think the labour market discrimination will happen due to this New Deal aims? Support your answer by giving TWO (2) impacts of labour market discrimination on people who suffer unemployment most.(10 marks)

b. Differentiate between the wage discrimination and human capital discrimination on the New Deal for the long term unemployed and disabled people. (10 marks)

• The answers should be related to the CASE STUDY/SOURCE given.
• Justify the answers
• provide diagram and sketch

• The answer should contain the appropriate introduction and conclusion.
• Entire content and processing need to show originality with the support of relevant resources.
• should note all the references in the final sheet for each question.