Final answer:
The third type of worker commonly referenced alongside permanent full-time workers and temporary part-time workers is the Contract or Freelance worker. These workers typically seek temporary engagements and adjust their participation in the workforce based on wage incentives.
Step-by-step explanation:
Types of Workers
In discussing the different types of workers and their response to a change in wages, we can identify three main categories: 1) Permanent full-time workers, who have stable hours that don't significantly change with wage fluctuations; 2) Temporary part-time workers, who have flexible hours and tend to adjust them according to wage changes; and 3) Contract or Freelance workers, who operate on a non-permanent basis and typically seek short-term engagements. Contract or freelance workers are sought for their specific skills for a set project or time period. They provide the flexibility to employers and often respond to wage incentives similarly to temporary part-time workers.
These employment types relate to economic concepts such as the supply curve of labor, which is inelastic for permanent full-time workers and more elastic for part-time and freelance workers. The rise of temp agencies also contributes to this dynamic by influencing the natural rate of unemployment and aiding in reducing frictional unemployment. The concept of hidden unemployment is also relevant as it considers the underemployment of skilled workers in positions below their qualifications.