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Originally Posted by Awesome!  Rather, it has two largely separate sectors-a primary sector, which functions more or less as classical theory depicts and a secondary sector, which has few ladders to job advancement, little job stability, and more gender and racial discrimination than the primary market" |
Labour market segmentation is consistent with my stance. Essentially, labour market flexibility enables the secondary sector to grow and the individual becomes increasingly powerless. The primary sector is largely reliant on internal labour markets (i.e. promotion internally). Access to the sector is restricted by mechanisms such as education signaling (where certification is used to ensure sufficient selection that labour demand is met). What would happen if more people acquire the signal? The signaled would be amended (e.g. postgrad, rather than just undergrad education).
The lack of mobility is then not due to the "individual", but reflects demand-side macroeconomic limitations.