Commodity or Resource (Such As Research Paper

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Additionally, another imbalance is generated by the reduced bargaining power of the employees, who are no longer able to switch jobs. Additionally, when a monopoly is formed, the employees are rarely presented with the opportunity / possibility of forming or joining unions.

In an oligopoly situation, the situation is similar to a monopoly, with the specification that the employees are better able to negotiate terms and conditions as they have the ability to switch employers. An oligopoly is formed when the employment power -- or the demand for labor force -- is held by two or more organizations which joined forces on the market and an example is offered by the American automobile industry. Here however, other forces include the disequilibrium, such as more and more popular outsourcing operations or the search for hi-tech technicians. The annexed table reveals the market equilibrium for the auto industry in various contexts.

Finally, in a monopolistic competition, the equilibrium is more easily achieved as both parties are presented with bargaining powers and alternatives.

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Aside from the nature of the market in which the labor force operates, imbalances could also occur due to internal features of the organization. Take for instance the case of the Whole Foods Market company, a rather niche organization focused on the sale of organic products. Given the limited consumer market they address as well as the specific products they sell, their employment opportunities (demand for labor force) are limited, creating as such an imbalance.

The competition in the industry is yet another determinant of labor force imbalances. Established by elements such as barriers to entry or the number of economic players within the industry, high levels of competition among employers tend to reduce the imbalances, whereas low numbers of employers tend to increase the imbalances in the labor force market......

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