Your comparative readings for the week
Ex-NUS graduate: I'm a failed product of our meritocratic system
In Japan, young face roadblocks
The curse of the class of 2009
1. What is a labour market?
2. As a perfect market, how would we theorise it to work? In a perfect, rational world how would the labour market deal with a recession situation? How would a "recession graduate" experience this?
3. Consider the real world examples. Why does it not work perfectly? Can there be cultural, social reasons why a local labour market will never work perfectly?