Job Market Job Market- is Fair/Unfair? • Job Market in private sector • Job Market in public/govt. sector Job Market in private sector • Think of any 3, whom you know- graduate from Bangladesh and working in Bangladesh, preferably around 30 years of age • Name of Company they are working Job Market in private sector • Did he/she get the job fairly/unfairly? Logical deduction • Run the file in the flashback of your mind • First proposition: Ask yourself- Does he/she seem to be capable for this job? • Second proposition: does it seem to be- something must be very wrong that he/she does not fit into the position Logical deduction • The first proposition would lead to the conclusion that--- recruitment was fair • The second proposition would lead to the conclusion that--- recruitment was unfair Economics of Job Market • Equation 1. Demand ∝ • Equation 2. Supply ∝ Fairness (direct) 1 (inverse) Fairness Let’s do the math • 97% of Job Market is fair Economics of Hilsa Fish • In Baisakh…. Price of Hilsa (1 Kg) Tk. 2,000 • In December…. Price of Hilsa (1 Kg) Tk. 700 Why? • Fish seller and buyer: are aware of the basics of Economics • Buyer does not complain about cheating Why? • Economics follows Law of Nature Economics of Job Market • Example 1… KG level teacher vs. O level teacher Economics of Job Market • Example 2…Private secretary vs. Officer Economics of Job Market • Example 3: Lecturer vs. Professor Economics of Job Market • Example 4: MTO vs. Jr. Officer Economics of Job Market • Example 5…Blue collar labor vs. Consultant
