Wage Compensation Climate
Public and Private sector compensation is an issue that remains at the forefront of public debate. While many proponents argue for increases in compensation many others would argue that public policy that promotes higher compensation in pay would be detrimental to their institutions. We define an institution with some ambiguity for this argument to mean any public organization with a purpose or function. This public policy issue has become the ideal fermenting ground for the field of public administrations’ mediation in the disputes related to wage regulation.
It can be stated that wage regulation is directly correlated with the sustainability of both public and private organizations. This correlation may also be extended to entities on a domestic, international, and worldwide scope. Correspondingly, and not all inclusive, wage regulation has a direct impact on issues related to economics, social welfare, …show more content…
11). Similarly, in 1932 the rise continued to a staggering “25 Percent” (Nardo, 1998, p. 11). United States (U.S) banks were also failing at subnormal rates with over nine thousand banks closing during a four-year period since the stock market had failed in 1929.
The labor force and bank industry failure during this period collectively lead to unsustainability of many businesses. It is estimated that during this period more than 26 thousand U.S. businesses failed in 1930 with another 28 thousand failing in the following year as well. Businesses that did manage to stay in business in “1932 had a combined deficit of $5.64 billion”, which an estimated deficit value of 99 billion in today’s monetary terms (Watkins, 2003, p. 43). Similarly, the national volume of manufacturing was only “54 percent” in 1932 of what it had been before the stock market crash of 1929 (Watkins, 2003, p.
Public and Private sector compensation is an issue that remains at the forefront of public debate. While many proponents argue for increases in compensation many others would argue that public policy that promotes higher compensation in pay would be detrimental to their institutions. We define an institution with some ambiguity for this argument to mean any public organization with a purpose or function. This public policy issue has become the ideal fermenting ground for the field of public administrations’ mediation in the disputes related to wage regulation.
It can be stated that wage regulation is directly correlated with the sustainability of both public and private organizations. This correlation may also be extended to entities on a domestic, international, and worldwide scope. Correspondingly, and not all inclusive, wage regulation has a direct impact on issues related to economics, social welfare, …show more content…
11). Similarly, in 1932 the rise continued to a staggering “25 Percent” (Nardo, 1998, p. 11). United States (U.S) banks were also failing at subnormal rates with over nine thousand banks closing during a four-year period since the stock market had failed in 1929.
The labor force and bank industry failure during this period collectively lead to unsustainability of many businesses. It is estimated that during this period more than 26 thousand U.S. businesses failed in 1930 with another 28 thousand failing in the following year as well. Businesses that did manage to stay in business in “1932 had a combined deficit of $5.64 billion”, which an estimated deficit value of 99 billion in today’s monetary terms (Watkins, 2003, p. 43). Similarly, the national volume of manufacturing was only “54 percent” in 1932 of what it had been before the stock market crash of 1929 (Watkins, 2003, p.