Essays on Labor

Organized Labor and its Decline Organized labor has greatly influenced employer-employee relations in America. During the labor unions’ height of popularity in the 1950s, they represented about a third of the country’s workforce. However, since then organized labor has declined sharply. This change is attributable to three key factors. The Waning of...

Labour relations involves the interaction between employees and the employer in a unionized or nonunionized workplace. Laws and policies govern the relationship between the employees and management in the workplace. Collective bargaining determines good labor relations where every member has a right to participate in decision making (Davies " Freedland,...

The National Labor Relations Act of 1935 The National Labor Relations Act of 1935, also named the "Wagner Act" of the United States Labor Law allows workers to organize themselves into trade unions, campaign for collective bargaining and take collective action to advocate for their rights if necessary. It can be...

Labor Day celebrations in the State of New Jersey is vital for everybody in the region, and since the company prides itself in hosting its employees’ families of a total of 580 people (including children in the age bracket of 1-18 years), it has organized program for all the workers...

The garment industry is a key driver of a country’s economy and development, employing millions of people and accounting for national export earnings. At the same time, a series of fatal factory incidents has highlighted the sector’s deplorable working conditions and has exposed international retailers and fashion brands for exploiting...

Types of Unemployment There are many types of unemployment, one of them is clinical employment is where individuals lose their jobs as a result of the decrease in demand. There is also demand deficient unemployment, which is caused by insufficient demand, which could generate the required level of employment in a...

The author tries to examine the theory of labor supply. This theory provides the analysis of the basic factors that determine whether a person is willing to offer labor force, and if so, the number of hours one can prefer to spend while working. The author has also tried to...

Q1. Definition of Minimum Wage According to the Economic Theory Minimum wage is an economic principle specifying the least amount of remuneration that firms must provide to their workers in exchange for their labour over a given period of time (Abott, 2012). In most cases, the labour legislation is measured per...

Inverse Relationship between Inflation and Unemployment There exists an inverse relationship between inflation and unemployment in the short run. In economics, this relationship is referred to as Philip's curve. However, it is not a permanent tradeoff and ceases to exist in the long run. Policy makers have a tough choice to...

In the article, “Feeling the heat” from The Economist magazine, the author claims that the US government is driving the labor market to its absolute limits, which has attracted a considerable number of supporters and critics coming up with mixed opinions over this development. The author suggests that the American...

What are the four different types of market structures? i. Oligopoly ii. Monopolistic competition iii. Monopoly iv. Perfect...

High wages for the restaurant employees will lead to a decrease in their demand. High wage will result in less demand of the restaurant workers. The restaurant will avoid employing many restaurant workers so as not to force them to forgo paying for other services that are more valuable t...