Australian Lifestyles And Living Conditions - 880 Words

Australian’s lifestyles and living conditions can largely be effect by the levels of unemployment and employment. A labour market is a place in which employees and workers interact with each other, in this situation the employers will seek to hire the best workers, who aim to complete a job to the standards set by those employing them. Labour markets can be developed by three basic conditions, these are, stronger market conditions, weaker market conditions and ideal market conditions. If there is increased demand for labour by firms and large business, the market conditions will getting stronger. This can be seen through unemployment rates, of which is Australia is currently around 5.7 percent and gradually decreasing. This relatively low figure displays the need for workers with an expanding number of job opportunities along with a decrease in monthly hours worked. With more people bring in a steady income the living conditions of these workers will increase, however one could argue that this will also put those who are struggling to find work further behind. In future, it is predicted that employment will continue to increase by almost 8,000 to 11,939,600 workers along with the small increase in unemployment due to retirements. This will lead to improved living conditions for the majority of Australians. The number of workers for businesses will increase allowing them to expand the operations to cover a larger area. 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