Evaluate the view that labour markets work best when strong monopsony power is balanced by trade union power.
1.6.4 Wages in Imperfect Labour Markets · 1.6.5 Trade Unions
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3 questions on The Determination of Relative Wage Rates and Levels of Employment in Imperfectly Competitive Labour Markets (AQA specification 1.6.4) from the A-Level Economics papers, 2020–2023. Every question links to the official mark scheme at the page its answer begins on.
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Evaluate the view that labour markets work best when strong monopsony power is balanced by trade union power.
1.6.4 Wages in Imperfect Labour Markets · 1.6.5 Trade Unions
Extract B (lines 16–18) states that, ‘Gig economy defenders claim that today’s flexible labour markets offer modern workers the opportunity to move freely between jobs and this gives them more choice over their working hours.’ Assess the view that government intervention in the UK labour market is necessary to protect the interests of people who are working in the gig economy.
1.6.2 The Supply of Labour · 1.6.4 Wages in Imperfect Labour Markets
Extract E (lines 5–7) states: ‘Until the 1990s, almost all workers in the care sector were employed by the government, which acted as a monopsonist by keeping wages low.’ With the help of a diagram, explain how a monopsonistic public sector can lead to low pay for social care work.
1.8.8 Privatisation and Regulation · 1.6.4 Wages in Imperfect Labour Markets
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