Examlex
Secondary Labor Market
A segment of the labor market characterized by low pay, unstable employment, and limited opportunities for advancement or benefits.
College Degree
A qualification awarded to students upon successful completion of a course of study in higher education, typically representing a level of achievement in a particular field.
Dual Labor Market
An economic theory which suggests that the labor market is divided into two segments: the primary (high wage, stable jobs) and the secondary (low wage, high turnover jobs).
Primary Market
The financial market for new securities issues, where companies sell new stocks and bonds to the public for the first time.
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