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MEMO: TALBOT’S CORPORATION
To: The interns- Associates Degrees in Business
From: Jeanine Tolbert, Director of Sales and Marketing
CC: The Director of Exporting and Trade
Date: February 1, 2009
Re: The basics of how labor forces influence international business
Companies want to purchase labor as cheaply as possible while maximizing quality. Quality factors of labor quality affected in a market include: education, intelligence, and experience. Issues that lower the price of labor in a given market include: greater supplies of labor, lower demand for labor, lack of labor unions, and lack of government regulation. Good labor quantity or number of available workers in a market is very important to the labor demands. Good labor markets are important to keep unemployment low and wages, employment and income at a higher rate. Usually, the labor forces are made up of the working age societies who are participating workers, people actively employed or seeking employment. There is a large pool of unemployed such as Students, retirees, parents that home school, prisoners or those institutionalized as well as unskilled workers who have a hard time finding work or the disabled. Those in the labor force that is seeking work but, for what ever reason is unemployable make up the unemployment rate.[pic]
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