If one position is lost then another will be created somewhere in the new environment. The pattern to this approach is somewhat feasible however it would tend to take its process over a period of years to stabilize out the economy.
The symbolic-interaction approach views the economy on more how it impacts the person and the influence of the workplace on them personally. This approach looks at the dual labor market and analyzes how the difference in jobs has different sociological impacts on the people in these positions. The primary labor market includes professionals and " jobs that provide good pay and extensive benefits to workers." (Macionos, 2010, p.293). The primary labor market positions also are likely to be jobs that there is a greater opportunity for advancement which the worker strives for. Because of the advancement opportunity the worker is likely to work harder and be more loyal to the position and employer. These jobs are also, more likely to be satisfying to the worker and be considered as a career for them. Socially, the people who are employed in these positions have more confidence in themselves because of the respect and esteem that the job position carries. Because of the profession or job position that they may be employed, they are more respected in the community and in society. Those who are considered in the secondary labor market are employed in, " jobs that provide low pay and few benefits to workers." (Macionis, 2010, p.293). These persons are living on limited incomes and have very low job security. These persons that are included in this category seldom would mention what their occupation is in conversation. .
Workers in this section of the labor market have little reason to work hard due to there is little or no room for advancement in these positions. This causes the person to have low self-esteem because of how society views the job positions.
