Labor economics

Jackie Smiths speech titled, “Economic Globalization and Labor Rights: Towards Global Solidarity” is a speech that is centered among the effects that globalization have had on both workers and unions. The speech has three main arguments imbedded throughout. The first argument is that “economic globalization has essentially enabled markets rather than people to determine how the world’s resources will be used and distributed (874).” The second argument is that “the policies of global economic institutions encourage (and in many cases coerce) countries of the global South to open their markets to trade and investment while promoting export industries (875).” And the third main argument is as followed, “the technologies that facilitate global economic exchange also aid transnational organizing around alternatives to market-led globalization (877).” “Economic globalization has essentially enabled markets rather than people to determine how the world’s resources will be used and distributed (874),” is an argument presented by Smith. I find this argument to…

Introduction Economic growth is an important factor under consideration in the economy. It is normally regarded as economic progress and advancement. It is an increase in the ability of an economy to produce goods and services within a specified period of time. It is termed as long-term expansion in the productive potential of the economy to satisfy the wants of individuals in the society in economics. A good performance or a positive economic growth plays an important role in the national…

Tipping: not only about money but more about economic institution It is hardly to explain why the behavior of tipping that is a billions dollar social phenomenon becomes a tradition and does not die. There is always a debate about whether the tradition of tipping should be terminated, because such tradition becomes increasingly mandatory and makes some customers uncomfortable. Those who appeal to terminate tipping argue that quite amount of customers give tips to servers according to their…

Firstly, minimum wage will result in high prices of products. If the minimum wage continues to be a mandate which is a relatively expensive amount for a minimum wage, the businesses will have to increase their product prices. For example if Hungry Jack employs 10 people for $15.95 hourly each because of the minimum wage, with the abolishment it can employ 15 people for $10 hourly each. This therefore will increase the work efficiency and decrease the price of the goods. Minimum wage sectors…

training fees and such. Sure, increasing wages might at first cut into a firms profits, but with the betterment of productivity and service workers provide with the new incentive, profit will make its way back up. One consequence of wage increases that I always hear about is the fact that sure workers might be paid more, but when pay rises so does the price of living and the cost of goods. Products and services start costing a bit more when employers start giving more and you have more to spend.…

Additionally, staying with the thought process presented by Hogg (1979), actual correlation of prison rates and production modes was significantly neglected. Hogg mentions that Rusche and Kirchheimer’s thoughts over-stated the conditions within the labor market, when they should have been focusing more on the possible relationship between capitalism and incarceration. The mention of the New York State Penal System above serves, in Hogg’s analysis, an even further limitation of Rusche and…

Akinrinmade Rotimi COMM 117 CREATING WEATLH OR MAN SLAUGHTER? For the most part, people who work in sweatshops opted to do so. Though they might not like working in sweatshops, but they are forced to do so due their unfortunate circumstances such as living in an undeveloped country were poverty is extreme. By working in sweatshops, people in undeveloped countries especially women get to earn a small income, learn about business practices, and benefit from…

to stay in lower income professions throughout their lifetime. Women of color are generally found to work in lower, blue-collar labor classes due to lack of well-built educational upbringings and well-off communities (Anderson, 1996:280). Additional explanations are required for consideration based on culture shaping backgrounds, and how economic opportunities are constructed on access to education among women of racial inequalities…

Determination, tenacity, and drive are all qualities working men and women attain in order to fight each other to find a place for themselves in the workforce. A place for themselves that was amidst the extraordinary political, social, and economic changes going on in the United States. The United States experienced dramatic increases in industrialization, immigration, and urbanization. Trades were becoming mechanized as times were changing, and so more men and women were working long hours for…

harnesses that were used for the horses and the iron plough share (White 1940, 154-155). Under a feudal system, agriculture was a labor intensive industry because the capital was an effective means of substitution. That caused more workers to be tied to the land in order to produce what was needed to survive and in many cases the food supply could not sustain a larger society (White 1940, 151). Labor also had diminishing marginal returns, meaning that each added laborer…