Essays on Labor Market

Labor Market

Labor market is a form of the economy that functions through demand and the supply of labor. Labor demand is the companies demand; labor and supply focus on the supply of the labor workers. The bargaining power is likely to have high influence on both supply and demand. Majority of the nation is aware that the labor market institutions that have equalizing effects tend to encounter challenges (Peitchinis, 2005). Policy change is required in relation to equality since it ensures that the status quo focuses on both national and international change. Labor market comprises of employees searching for work, employers ...

Labor entails both the work done by an individual in their own households as well as that offered in the labor market for some kind of financial compensation. The participation in the labor market has been characterized by variations and skewed participation in terms of female labor market supply. However, it is essential to acknowledge the dramatic increase in the number of female participation in the past few decades, although the number of women falls behind that of men significantly. There are numerous benefits associated with the participation of women in the labor force such as the need to ...

- Introduction Social security/ protection is the presence of policies set by the government and other organizations that focus on the management, prevention and overcoming situations affecting the welfare of the society. Social security policies aim at reducing vulnerability and poverty through the creation of an efficient labor market that reduce the people's exposure to risk. Additionally, the policies increase people's capacity to manage social and economic risks such as exclusion, disability and diseases among others. The provision of social security as a basic service improves the living conditions of society. This paper will analyze the effect of social ...

Labor Market

The labor market is a nominal market where workers seek work in exchange for payment; employers seek for willing individuals to work. The wage rates are usually determined by the labor market forces of demand and supply. Labor markets could be national, local or international. All the three scopes of labor markets are composed of small labor markets. The small markets interact in terms of aspects such as skills, qualifications or geographical locations. The labor markets rely on the information exchange between potential employees and employers concerning wage rates, competition levels, and conditions of employment and the location of the ...

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You have made some fantastic progress with a good draft and an excellent basis for your final paper. You have brought together useful, challenging sources. Your writing is clear and well-structured and your examples are interesting. There are a few things you ...

Introduction

Globalization has led to the improvement of human lives and the development of many economies. The effects of globalization can be felt in the economy’s sectors, as well as the social and political lives of human beings around the world. The labor market has been positively and negatively affected by globalization. It is essential to comprehend the effects of globalization on the labor market since the earnings from the labor market form the main source of income for many people around the world. This is especially in the developing world where there are few entrepreneurs and hence high ...

Unemployment is a state of joblessness that takes different dimensions and forms. It begins from the time and individual starts looking for jobs relentlessly hopping into one office after another. It is a very dynamic concept that even incorporates the period between which a person dumps one job and when he or she secures another one. Saudi Arabia is one of the wealthiest nations in the Middle East with some of the world’s largest oil reserves. However, a greater percentage of her population is jobless. Some employees in Saudi Arabia receive low wages and are thus not satisfied with their jobs. This ...

American Public University

Introduction The labor markets are an essential part of the economies where the demanders meet the workers selling their labor. Because the labor markets have a large number of workers and employees and the productivity has a high importance in terms of producing sustainability, the labor markets are close to being perfect competition markets. The main task completed by the labor markets is to determine the wage as a result of the negotiation between the workers and the employees. When the workers and the employees reaches an agreement on the market wage for certain of hours, any worker can find a job ...

Introduction

Cases of gender segregation are high in the labor market as it is fueled by discriminatory and gendered assumptions and practices. The market of labor does not match the “gender factory” for the purposes devaluing of work done by women and reproduction of institutionalized gender division of labor. This study will aim to explore the impact caused by the women workers entry into the paid job on the general gender segregation in the work place. This will ultimately indicate the dynamism and the changing characteristics of gender disparity. Gender inequality is majorly characterized by gender division in the ...

For over three decades, the U.S labor market has attracted criticism from the minority groups mostly the blacks. Before the industrial revolution occurred, majority of the blacks provided cheap labor to the white’s farms. The form of employment during that time was informal as knowledge requirements were never a necessity. After the industrial revolution, focus shifted to individuals both black and whites sought for jobs within the established industries (Royster 123). The introduction of industries necessitated knowledge acquisition as roles became different from the initial forms. The blacks found for knowledge like their white counterparts so as to gain ...

Immigration from Asia, Africa and Latin America to Europe

The purpose of this paper is a complex study of migration processes from Asia, Latin America and Africa to European countries. Special attention will be paid to analyses of economical and other activities of immigrants, influence of their remittances on condition of payments balance of donor and recipient countries, questions of labor regulation and limitation of illegal migration due to criminal elements and shady economy. There are several research problems that we will tackle within this paper. We are interested in main reasons of migration from Africa, Asia and Latin America to European Union, estimation of its volume and dynamism. ...

LABOR AS AN ECONOMIC FACTOR OF PRDUCTION

Labor is among one of the three main factors of production. Labor constitutes all the physical and mental efforts applied in the production of tangible products and services.

LABOR MARKET

The labor market describes a situation in which workers find paying work and employers hire workers willing to work at given market rates. Employers compete for the best talent while workers compete for the most rewarding jobs. A human resource practitioner acts as go-between for the two players in the job market. An employer hires human resource personnel to hunt for the most ideal candidate and make them a competitive offer according to ...

Left to its own devices, competitive markets will really find it difficult to eliminate racial discrimination. In an era called the Nadir, which spanned from 1877 until World War I, racial inequality in occupational status rose although racial inequality in literacy has already declined. Through the years, racial inequality in labor conditions, wages and access to employment expanded, even as racial inequality in the quantity and the quality of education declined. In both instances racial discrimination in the labor market more than offset the gains African Americans made in reducing the skills gap. Racial discrimination in the labor ...

The Largest Actor in the Economy: Government

Government is an organization founded by the collaboration of all people in a country which is assigned to organize country management, protect its citizens’ rights, provide public services to its citizens and develop country economy and welfare level. Governments are mostly elected organizations for a certain time period and they need citizen votes for being on power. They make economic, social and political development plans and present it to citizens; and if people gives them power, government can implement its plan strategies. Government is the largest organization in all countries. To do its duties spends a lot of resource and ...

The regulation of the labor market suggests the impact on labor demand and supply. The objects of regulation are the wages, working week and holidays, the procedure of hiring and dismissal, various kinds of social welfare and others. The main indicator of the labor market is wage, which is determined by summation of total cost of goods required for normal human activity. Changes in the level and amount of remuneration are in direct interaction with the changing supply and demand in the labor market. Summation of the whole demand of labor market resources at any price is considered to ...

1. Abstract In this research paper the main value has been put to find out the specific indicators of the acuity of job security in a number of corporate sectors and businesses. The important data has been collected through Government Reports to make a relation between job security and the measures taken by Employment Protection Legislation (EPL) and Unemployment Insurance Benefit (UIB). In this paper the acuity of job security has to be found in both public and private job sectors by following data analysis. Also the condition of labor market has been taken under consideration to find the same. ...

The main theme for the book entitled “The Spirit Level: Why equal societies almost always do better” was about how inequality can affect even those who are not well off. This information is vital for someone in the planning profession because the economy and the labor force affects the job outlook as well as the other important factors in a certain area. The book was well written and was done with extensive years of research, not focusing on only one country, but doing a case study on many. When it comes to someone from the planning profession, it is important that ...

It is no secret that within the labor there are extreme gaps between genders, socioeconomic status, and levels of education. The biggest of these factors is the wide gender gap in pay, position, and in workforce. According to valuable research, gender segregation within the labor market is due to gendered and discriminatory assumptions and practices. The appearance of class not only works within the labor market, but also works against it, as many workers apply discriminatory measures to get ahead. The structure of the working class has transform from the white male industry into a more diverse market since the ...

My research topic is imperfect competition in labor market. I started to search about the studies about the effects of a firm’s monopoly or monopsony power on wages and hiring. I evaluate my paper with the major features of U.S. labor legislation which is about the evolution of the labor union movement, the effects of wage discrimination on the efficiency of the labor market and the overall effects of unions on economic performance. Imperfect competition means perfectly competitive markets which maximize economic surplus and reduce economic surplus to varying degrees. This market type is very common. There are various ...

Employment and Society

Introduction

Employers and employees have different expectations of each other both in terms of work and in terms of particular jobs and people. These expectations differ depending on the business segments and communities. In terms of work, employees expect employers to give them challenging work that can make a difference in the way they do it. Employees prefer challenges rather than being pushed around like wheels to work (Neal & Sarah 2005). In addition, employees also expect personal growth as they develop their skills at the workplace. Employees can achieve this growth if the company invests in them and their development ...

According to studies conducted on the wage gap between different races in the United States, there are disparities that make one race occupy most jobs than the rest. There are significant differences seen through the process of job application and employment. Whereas it is believed that the labor markets is supposed to be blind to the race of their employees or possible employers, it is proven beyond doubt that race plays a significant role in decision making when it comes to employment and recruitment. A person’s ethnicity plays a very big role in determining their career as well as the ...

Introduction

Societal social segmentation in the urban has been in existence in the past and having its social and economical impacts to cities and towns. The great Australian dream of owning a house is an iconic culture of every Australian. Housing being one of the social acquaintances of development both has a factor and a cause of development. There is therefore a need to analyze the real trends of social polarization in Australia. The essay seeks to address the developmental process of polarization and its impact in Australian cities and towns.

The concept of polarization and its evolution

Social polarization is a process involving the segmentation that may exist within a society arising ...

The labor market can be described as the market where willing workers offer their labor services and the employers find and utilize the services of the willing workers. The employers give the employees an opportunity to offer their services and reward the employees by paying them salaries as a form of compensation for their services. Different institutions hire employees in line with their line of business, the labor laws and regulations and their individual policies with regard to engagement of staff. The overall aim of the institutions is to have their business move forward by having successful initiation and completion ...

The labor market is constituted by the employers and employees. The two distinct categories of people ensure that the goals set in any organization are achieved and accomplished. The minimum wage laws in any state categorically state the lowest amount of wage that a person can be paid for a stipulated amount of time when he or she is engaged in useful employment. The canons depict the minimum amount of wages per hour that are payable to any stipulated group of workers. In the United States, the Act has been enacted to ensure that the minimum wages set are enforced and ...

Introduction

In the ever changing business environment, employers are looking for the best strategies that can be used to reduce the costs of production. The factors of production such as labor, land, and capital have become expensive. However, employers have capitalized on reducing the costs of labor in order to reduce the costs that go into the production of goods and services. As indicated in the two empirical studies “Just a Temp: Experience and Structure of Alienation in Temporary and Clerical Employment” by Jackie Krasas Rogers and “The rhetoric of the `good worker' versus the realities of employers' use and the ...

There are many facets of Europe that many foreigners find endearing and appealing: the rich culture, history, tradition, food and unchartered or undiscovered opportunities. While most find Europe the best place to travel and explore, many foreigners find the region to be filled with countless job opportunities that can help them financially and begin a new life. Although host countries, such as the members of the European Union, are open to migrants due to their contributions in their society; the high influx of migrants both illegal and legal is slightly alarming especially in the current financial crisis in the region. ...

Economists are interested in immigration for two reasons: their impact on the labor market and what progress these immigrants are contributing to the United States economy (Edmonston, 1996). There is much discussion about these immigrants in this area of study. These two areas of concern are important because research shows that the labor markets have changes considerably due to the changing contexts of recent immigrants. Not only are the labor markets being changed, but they way homes are shaped and culture bounds are formed (Johnson & Menounos, 2008). This research leads us to believe that further conceptual work is needed ...

Economic Situation of Immigrants in Canada

This paper talks about the migration of immigrants into Canada and the resultant labor environment for the immigrants. It brings together and reviews several recent studies conducted on the subject of immigrants into Canada and how they have fared in the labor market as compared to the native-born candidates. This paper shall argue that recent immigrants into the country face less prospects of getting gainful employment, and in the event that they obtain such employment, they are faced with low incomes that pose challenges for their survival. This paper will further argue that the economic impact caused by this ...

The Canadian labor market data has shown clearly that immigrants and non-immigrants have high income differences. Majority of immigrants’ income is far much below that of non-immigrants counterparts with the same level of education and experience. This is attributable to the factors discussed below. First and foremost, immigrants’ education received outside Canada is valued less than that offered by Canadian institutions. This has made many immigrants with high levels of education to be undermined in the labor market. Instances where salary scale is fixed according to ones education qualifications immigrants are usually ranked a scale lower than their native ...

Summary

The material which is read this week applies to my personal and professional life to a greater extent. Considering the topic of economic rent, being a tenant I have personally experienced that the rent of the houses in the most desired and demanded locations is high. This is exactly I accordance with the economic rent principle which also describes that rent is high because of the high final product demand and the derived demand. Further, in my professional life I have experienced that that there is employee discrimination in a way that women are paid less than men, also they are not ...

(Professor/Instructor) (Course/Major)

Introduction In the 21st century, two facts will pose significant threats to the global economy. One, the demand for energy across the globe will grow by at least 50 percent by 2030, and the use of non-renewable energy sources will continue to be the main source of energy, supplying 86 percent of global demand. Alberta, Canada is in a prime position to capture a major part of the global energy demand market. Located in the western part of Canada, Alberta is second only to Saudi Arabia in identified energy reserves among the global market players. Majority ...

The 21st Century has brought with it, among many others, high rates of unemployment. Despite the increased level of technology and innovations, the population has also increased and the level of education, together with the number of grandaunts every year has also hit the roof top. Due to this, we have many unemployed American youths and elderly people too. Some of these people are well educated and have been through the education system, but securing a well-paying and permanent job is becoming a very tricky situation. It is, therefore, clear that there is a problem in the equation of education output and ...

Education plays a critical role in the labor market, in both developed and developing economies. In MENA (Middle East and North Africa), a well-structured labor market is characterized by the level of education attainment. Some studies conducted on some particular countries within MENA show that educated employees receive more earnings especially in the public sectors. This implies that the employers are more concerned with the people who have attained a higher level of education than those who are not well educated (Lietz et al. 6). These countries include Yemen, Jordan, Morocco and Egypt. As a result, the higher education attainment level attracts higher ...

Female labor force participation

In economics, the production function is essentially a function of the labor, capital and technology. An increase in GDP of the economy requires an increment in the production of goods and services. However, Production is dependent on the labor. So, economic growth of the country is significantly dependent on labor supply and the productivity of the labor force. The labor market of Middle East and North Africa is rigid that is discouraging the increase in the employment opportunities even during the expansionary period (Karshenas, and Moghadam). Considering the fact that in Morocco, Egypt, Tunisia, Yemen and Palestine, the employment rate ...

Free trades policy provides countries with the opportunity to trade among themselves without any restrictions or paying additional tariffs. It aims at eliminating any barriers placed by governments to limit how goods and services flow between trading nations. The trade barriers including tariffs and subsidies are put in place so that domestic producers can be protected from the effect of international competition. However, these barriers do not create trade flows but instead redirect trade flows. Free trade has been considered beneficial as well as harmful to global economies. There are consequences which will be involved if the US decided ...

Introduction

Inequality is known as the improved revenue variations through age brackets, gender, and deprived cluster. The individuals instinctively labeled a segment of individuals into an insignificant extent of socially established part, which is expected to remove their chance to contribute in the labor marketplace influencing their well-beings. There is a difference between inequality and insecurity, as the previous emerges in the job induction procedure and the forthcoming refers to the behavior of jobs that is unstandardized which ultimately impacts individuals’ well-beings. Insecurity is called the nervousness among different individuals when it comes to their salary, advantages, job security, and ability provisions ...

Business

European socio-economic model is an amalgamation of the wide-ranging welfare systems and powerfully politicized and institutionalized forms of the industrial relations (Grahl and Teague). It comprises of the social security, economic life, educational system and the methods for driving the formation of human capital and for creating and diffusing knowledge. There are several advantages as well as disadvantages of the European socio-economic model. Considering the advantages, the European model is not merely a social model; rather it influences employment, production, growth, objectives and goals of economic policy and the competitiveness (Aiginger and Guger). The European socio-economic model is a representation of ...

Abstract

King Abdullah scholarship program (KASP) was established in 2010 by The Ministry of Higher Education in the Kingdom of Saudi Arabia (KSA). The mission of KASP is meant to “prepare and qualify Saudi human resources in an effective manner so that they will be able to compete on an international level in the labor market and the different areas of scientific research, and thereby become an important source of supply of highly qualified individuals for Saudi universities as well as the government and private sectors” (Ministry of Higher Education in Saudi Arabia, 2011). Since its establishment, it has been ...

Introduction

In the labor market, there are several factors which affect it. The market comprises of ethnic groups, social class and sexual orientation. (Pager, D.2009). In this paper, I am going to discuss about the effect of race/ethnicity, social class, or sexual orientation on labor market. First and foremost, the issue of ethnicity and race in the labor market has really been an issue since in most of the highly racist countries, the black are looked down upon and they cannot be treated the same way like the whites. They suffer from wage inequality as well as stereotyping and ...

Many factors affect the labor market. Forces of demand and supply of labor affect the labor market. If the demand is greater than supply, it means that the employees are able to influence the wage that is to be received. If the supply is greater than demand as is always the case, then employees are not able to influence the wages that are to be paid. Forces of demand and supply of labor greatly influence the wages that are to be paid to employees. The government also influences the labor market. The government forms commissions to evaluate the ...

Role of Federal Reserve

In the past few years, the Federal Reserve has come under increased scrutiny due to the financial crisis of 2007 – 2009. It has been criticized for lowering the interest rates, which resulted in cheaper mortgages, and thereby precipitating into a full blown financial crisis. Further, it has also been criticized for transforming itself into an investment vehicle, due to its role in quantitative easing, even though it helped in financial recovery. Historically, it has been Federal Reserve’s dual mandate to maintain the stability of prices and employment. That it does by varying its federal funds target, by ...

Introduction

There are numerous multinational enterprises (MNEs), which dominate the global market and operate in different regions, but proliferation of MNEs has existed for more than 200 years now. Initially, multinational enterprises represented a segment of direct foreign investments in various states as they did not form joint investments with local firms. However, with the introduction of globalization coupled market liberalization, MNEs have had an opportunity to expand their market niche and enhance efficiency and productivity; a move that has propelled them to become key players in the business arena. Although MNEs dominant global markets, they have experienced several global financial crisis ...

Over the years there has been a great nursing shortage or rather a great demand for nursing professionals which surpasses the current supply locally, nationally or globally. This is backed by national surveys from the Bureau of the Census, National Council of State Boards of Nursing, American Hospital Association and Centers for Medicare and Medicaid Services. It is notable that the nursing service or profession is well diversified in order to meet a wide spectrum of health and needs. In the US there are core types of nurses Licensed Practical nurses or LPNs, Registered Nurses or RNs and Advanced practice registered nurses ( ...

Abstract

Many of the US companies are trying to enter international markets, outsource the manufacturing processes, and become international. Such activity needs certain knowledge from the company’s managers and all those colleagues that will participate in communications with the foreign partners. Spain has a very rich history and culture and therefore there are many aspects that US business people should learn before starting to work with Spanish partners, suppliers or customers. The economic situation, business etiquette and traditions in Spain are different from the US ones. This is mostly caused by the relaxed rhyme of life in this country and ...

Thesis

Years and years of racial discrimination have created the doubt that racial discrimination might not be the cause of the economic injustice. The article, Discrimination in a Low-Wage Labor Market, focuses on the racial discrimination in the labor market. In this research paper, researchers have carried out field experiments, which give insight into the low wage market where discrimination against minorities and ex-offenders can be observed.

Methods

Herein, it should be noted that as per the analysis of the article, it came to the notice that the researchers have made use of the quantitative research method. The study has also derived ...

Introduction

Canada has over time been attracting a high number of immigrants each year. This number has also been increasing each year (Reitz, 2005). About 20% of the country’s population is made up of foreigners. Based on the data from the Organization for Economic Co-operation and Development, the annual immigration flow of the country is now one of the highest among the OECD members. For example, in the year 2011, the country received some 249,000 new immigrants, which was more than the number it received in 2010 (281,000). The two main cited reasons for this immigration are job ...

Introduction

Career choice will affect not only the income and lifestyle, but it will also have significant impact on happiness and self-expression. The labor market is characterized by stringent operating conditions, where there is intense competition between those who want to get the most “profitable” jobs along with the intensity of information flows and the large number of employers. In such circumstances, achieving career goals is impossible without timely developed strategic plan, which is particularly important at the initial stage of the search for “niche market” for the use of professional abilities. Even if my career is not connected ...

According to Economists, this is a state that occurs when the whole of the economy's resources is utilized in the production of output. In real concept, the economy is said to reach full employment when the rate of unemployment is approximately 5 to 51/2 percent and when the rate of capacity utilization is approximately 85%. In principle, full employment is achieved when all resources (capital, land, entrepreneurship and labor) are utilized to produce goods and services. The economy gains from the full employment because goods are produced from the resources and these goods satisfy the needs and wants that reduces ...

- Introduction Gender inequality in the US has gone through phases of change in the last five decades. The inequality in composition, type of work and wages between men and women is due to a number of factors. These varied explanations arise from varying situations existing at different periods. Researchers have viewed the problem from varied angles as well. There are a number of literature from the past to the present on this issue. A survey of the literatures allows us to divide the various explanations and analysis of gender inequalities in labor force into a few categories. We have viewed ...

Introduction

The occupational gender segregation is a strong feature of the labor market globally. This women segregation is a concern to the policy makers. This segregation has led to inefficiency in the economy and prevention of capable people to perform on their occupations better than others do. Women in particular have experienced the act of discrimination and have underestimated from some groups that joined the labor force. Not all women are equally to participate in the labor force. Their participation varies in marital status, social class, race and immigration background, the number and ages of children, education, region, and age. The feminists who ...

Following the American Psychological Association’s Guidelines

WHY TO EXPLORE ROMANI PEOPLE BEHAVIOR PATTERNS? For every society or nation, providing equal social and economic opportunities for every individual in the society is one of the most important goals. However, we observe that some groups in the society are disadvantaged in many countries, and especially in the developing countries. The Romani People, women, new graduates, and disabled people are the main disadvantaged groups. Each group has different characteristics and each of them needs to be studied on. However, the Romani People’s characteristics are different from the other groups. They lived in many countries in Europe ...

Different social groups have engaged in the debate about foreign workforce in America. Some groups support the issuing of visas to job seekers while other groups do not support. Groups that support the issuing of visas claim that foreign workforce contributes to economic growth by increasing the productivity of local enterprises. Groups that oppose the issuing of visas to foreigners who seek employment claim that the foreigners pose a threat to the workforce in America. Truly, some of the individuals who receive visas to work in America come to replicate the already available skills. However, some of them come with ...

Recent studies regarding the patterns of employment and occupations indicate that there are differences in occupational choices between the male and the female gender. Due to the increase in the number of women attaining education in the United States, women have remained to be an integral part of the United States’ workforce. However, statistics indicate that jobs that have traditionally been associated with men have continued to be male dominated and vice versa. For example most of the blue collar jobs that entail the operation of heavy machinery and other craftsman skills continue to be dominated by men. On ...

Abstract

In today’s economic climate, everyone has an opinion about policy reactions to the current world recession and aftermath of the financial crash. I do not see where government austerity has the potential to bring about the immediate changes that stimulus spending would. We are now trapped in a cycle where an unstable economic environment has made liquid assets more valuable than capital investments. This is not going to change until unemployment levels rise and that is not going to happen without capital investments. It is a catch 22. Austerity makes the problem worse, it adds unemployment by cutting programs and ...

Immigration has long been a part of history since the early century as the early civilizations learnt of each other, fostering camaraderie and partnership between nations to improve the country. Many stories of immigration are detailed throughout history, especially those who immigrated due to wars and discrimination in their home lands. Through the years, immigration became a part of each nation, whether for the better or for the worst. According to the Swiss Federal Department of Justice and Police, immigrants or migrants tend to move and live far away from their native countries due to the following reasons: poor living conditions ...

Introduction.

Recruitment and training are two functions in the human resources department, which require strategic planning and thought. Recruitment involves searching and obtaining qualified personnel or applicants when filling job openings in an organization. It stops short of deciding the individuals who qualify and should be hired from a pool of job applicants. Retention, on the other hand, refers to all activities that an employer undertakes in encouraging employees to work productively in an organization. The objective behind retention is to minimize all possibilities of unwanted or voluntary turnovers. This implies keeping the number of employees that an organization can serve ...

Introduction

People from all over the world come to Europe every year making it a crossroad of different cultures, races and ethnic groups. It is also one of the most populated regions of the world. With a rapid increase in population, European Union (EU) has been facing a lot of problems in environmental protection, Climate change, Energy sources and immigration. These challenges do not exist in isolation and the EU is continuously working to deal with these challenges. In this essay, these problems are explained in a short form and their possible and short solutions are also explained. According to Checchi, A. et ...

Summary of the article

According to the author, there is a serious sickness in the US labor market at the present. Although about half millions jobs were created in the last one year, it was far below the rate of population growth. In addition, about 83% of these new jobs were temporary implying that they have not improved the labor market in the long run. For the last ten years, the number of people in full-time employment has continued to decline. The figure stood at 41% in 2000 and it has declined to 37% in 2013 (Macdonald 1).

This problem has long term implication ...

Impact of the Global Financial Crisis

Abstract Increased globalization integrates the world markets for goods, services as well as labor. In that respect, the occurrences in one market have significant effects on the other markets. Thus, there increase in concern over the effects that aspects such as the global financial crises have on corporations’ performance and operations as well as on the labor market. The analysis focused on identifying the global financial crises’ impact on multinationals and the labor. In its findings, the analysis identifies that corporations with high dependence on credit are greatly affected by the crises unlike those with less need for ...

At various stages of human development the workforce performance was different. Primitive society was characterized by full employment, whereas, during the feudalism era, there was an absolute and relative agrarian overpopulation of free citizens, some of whom became soldiers, in order to do at least something. Under the conditions of frequent capitalism in the industrial stage of development, when market economy dominates in most of the countries, we have a new socio-economic phenomenon — army of unemployed. Unemployment is a complex socio-economic phenomenon in which the economically active population is unemployed.In a market economy, unemployment is a result of the interaction between labor ...