Labor economics

Karl Marx theory of class conflict relevant for understanding contemporary Chinese society? Since China started the economic reform in 1978, Chinese economic influences and power are stronger than before. But in the meanwhile PRC/CPC governors also felt the great anxiety about rapid change of society structures. The major reason was after the reform, China is not simply made by labor and farmer classes, but more and more people getting wealthy and joined bourgeoisie class. That challenges the…

The 18th-century economic principle of laissez-faire, the idea that everything should take its own course without government interference, has been resurfacing as neoliberalism. Neoliberalism is a 20th-century movement of large-scale production to developing nations and the push for free global trade that is made possible by the greater global connectedness, a result of globalization. Open trade markets are beneficial to members of the upper-class western world who can purchase goods at lower…

population did return to pre-black death numbers until almost four centuries later. This devastation of population demise caused a lack of day-laborers, in turn causing labor rates to increase manyfold. There was much more demand for labor than laborers available, allowing laborers to increase the wages. This brought about economic change of the middle class, causing tensions to rise and social unrest between the rich and…

their jobs just because their previous employers no longer needed their skills, they need the unemployment insurance to provide their daily life. However, “All economic agents respond to incentives”. If a strong union supports their labors increase their wages and benefits by the strike, it will raise the motivation of lazy for their labors. Similarly, unemployment insurance guarantees the basic living standards, unemployed workers will reduce the hardship of job research if they have low…

the country? Many people want to visit Australia at least once whether it is for business or for pleasure because it is a great country. In relations of the simplicity of doing business, Australia is placed at number three in the world ranking of economic freedom, following only the island states of Hong Kong and Singapore, Andrew Robb tells the US-Australia dialogue. The Heritage Foundation has once again named Australia as the third freest nation in which to do business, placing them above New…

innovative thinkers plant their ideas together and work to make them come alive. In America, technological progress came a bit after the turn of the 1800's. Manufacturing, transportation, and the rise of large cities, were all causes of America's economic growth. However, there were also consequences that fallowed as a result of America's prosperity. The concepts that would help piece America's prosperity did not start in America; rather they were inspired by ideas in the old-country. The days…

There has been a huge controversy on whether moving jobs and corporations overseas are in the best interest for the U.S. economy. The United States has always had one of the most competitive economies and workforce in the world. Many would argue that moving jobs overseas is beneficial for the United States because we can get away with hiring workers at very low wages, we do not have to give the employees benefits, there are not safety regulations that have to be fulfilled, and foreign taxes do…

Economic inequality is when there is an uneven distribution among a population, the United States has a huge gap between the rich and everyone else and this gap is only increasing. Sometimes economic inequality is referring to income inequality, wealthy inequality, or a wealth gap. Economic inequality is increasing by wages, interest on bank accounts, shares of stock, etc. The data that was collected by various studies and economists shows that economic inequality started around the beginning of…

rapid growth of economies in the east coast economic zone, Dongguan is also facing the problems and issues that coupled with the existence of the urban villages. In this case, the governments have been considering the program of urban village transformation for corresponding the New Urbanization. However, the solution to the issues and…

How did economic growth affect society in the gilded age? Americas economy did grow at am extraordinary rate, generating unprecedented levels of wealth. American celebrated the new wealth, others lamented it; all could agree that profound changes were taking place in the country. One company control the supply this was the era of the political machine. Urban politics were dominated by powerful organization that exchange jobs and contracts for…