Dual Labor Market is a concept in human resources and labor economics that outlines how the labor market is divided into two different segments: the primary labor market and the secondary labor market. In the primary labor market, workers often have employment stability, higher earnings, better benefits, and prospects for promotion. Jobs in this section frequently need specific skills or education, and businesses prioritize long-term connections with their employees. In contrast, the secondary labor market comprises of occupations with lower earnings, little job security, minimal benefits, and no opportunity for advancement. These positions are frequently temporary or part-time, require less qualifications, and provide minimal work stabi
Example
Consider a software development firm. In the primary labor market, highly qualified software engineers work full-time with competitive pay, complete health benefits, and possibilities for skill development and advancement. They are the core personnel of the organization, contributing to its long-term success. In contrast, the secondary labor market inside the same organization may comprise temporary or contract workers who do project-specific duties such as data entry or quality assurance. They get lesser pay, no benefits, and minimal job stability. Their jobs are dependent on project availability, making them less reliable than engineers in the primary labor market
