Research Paper on:
Social Constructs and Labor Markets

Unformatted Sample Text from the Research Paper:
greater total compensation packages to hire talented employees. When the economy is in recession, the individual who needs a job is more willing to take one below their skill levels  and at lower compensation. It is supply and demand that dictates compensation in many fields and this has absolutely no relationship to the specific value of the job. As an  example, we would certainly agree that teachers are more important to the society than are professional athletes or actors but the athletes and actors are often paid more in one  year than a teacher would earn in ten lifetimes. The flux of the labor market also has to do with the consumer demand for products. When there is high demand  for a product or service, the labor market in that industry will expand and it will contract when the demand drops (University of California). A good example is the high-tech  industry where demand was extremely high until consumers stopped purchasing these products in such great quantity. E-business is another good example. Dot.com companies were employing people in droves until the  bottom dropped out. Demand halted and the labor market in that industry dried up. Too often, there is an emphasis on the economic factors involved in the labor market; these  are those factors that relate directly to production and sale of a product or service (University of California). There are any number of non-economic forces that dictate who will be  employed where at any given time (University of California). The non-economic factors include such things as social status, appearance, sex, race, ethnicity, and ones circle of acquaintances (University of California).  As just stated, the labor market is not only greatly influenced by economic policies and the state of the nations economy, it is also heavily influenced by social constructs. First,