HR Glossary

Dual Labor Market

By October 23, 2019 No Comments

What is a Dual Labor Market?  Definition below:

”The Dual Labor Market is the theory that two categories exist in the American economy. These categories are made up by the Primary Sector and the Secondary Sector.

Historically, laborers that make up the Primary Sector have stable jobs with good pay and job security. Laborers in the Second Sector generally have low paying jobs, minimal job security, and low opportunities for career advancement.

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