Now scrapped rules and regulations for MBBS students released by NMC with GMER 2023 were to be put into effect with the upcoming academic session from 2023 to 2024
Question:
Write on Policy recommendations and thematic review literature/research the changing nature of demand for labor in the UK.
Policy Recommendations
It is worth noting that over the past few years, the demand for workers in the United Kingdom has been fluctuating (Cribb, Joyce, and Keiller, 2017). Mainly, this is due to changes in the labor market. For this reason, this study sets forward various policy recommendations for the government to implement that may help in increasing the demand for labor in the UK labour market.
Firstly, the government should revise the market wage rate slightly downwards in order to encourage firms within the economy to hire more workers. It is imperative to note that there exists an inverse relationship between the demand for labour and the minimum wage rate. As such, when the minimum salary level is high, wages expenses for firms is also high (Demand for Labor, n.d.). In turn, they reduce their demand for labour in the market. In retr