Explain dual labour market models/ approaches with suitable examples
The dual labour market also referred to as the segmented labour market theory aims at introducing a broader range of factors into economic research, such as institutional aspects, race and gender. It divides the economy into two parts, called the "primary" and "secondary" sectors. The distinction may also be drawn between formal/informal sectors or sectors with high/low value-added.
A broader concept is that of labor market segmentation. While the word "dual" implies a division into two parallel markets, segmentation in its broadest sense may involve several distinct labor markets.
In a dual labour market, a secondary sector is characterized by short-term employment relationships, little or no prospect of internal promotion, and the determination of wages primarily by market forces. In terms of occupations, it consists primarily of low or unskilled jobs, whether they are blue-collar (manual labour), white-collar (e.g. filing clerks), or service industry (e.g. ________ _____ _____ _____ _____ ________ _____ _________.
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