Dual Labor Market Theory
Dual Labor Market Theory suggests that the labor market is divided into two distinct segments: the primary and secondary labor markets. The primary market offers stable jobs with good wages, benefits, and opportunities for advancement, often requiring higher education and skills. In contrast, the secondary market consists of low-wage, unstable jobs with little to no benefits, often filled by less-skilled workers or marginalized groups.
This theory highlights how economic factors and social structures contribute to job inequality. It explains why certain individuals may struggle to access better employment opportunities, emphasizing the role of education, experience, and social networks in shaping career paths.