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During a break at the company that employs them both, Liz and Phil discuss what they dislike about their jobs. Liz is eager to implement some innovative ideas, but her boss is neither enthusiastic about her suggestions nor hopeful that upper management would adopt them. Phil is new to the company, but is already bored with the tedious routine of his job. They both dream about a more exciting, innovative workplace. Liz and Phil's complaints are indicative of the negative aspects of __________.
Internal Labor Markets
A labor market within an organization, allowing employees to move between different jobs or levels of responsibility without leaving the employer.
Control Pay Rates
The management or regulation of wages paid to workers, potentially by employers, government policies, or collective bargaining agreements.
Secondary Labor Market
The segment of the labor market characterized by low pay, poor job security, and minimal benefits, often involving part-time or temporary work.
Job Ghettos
Occupations or job sectors predominantly occupied by a particular minority or marginalized group, often characterized by low wages and limited advancement opportunities.
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