Labour economics

LABOUR ECONOMICS Q2. Define “Labour Economics”. Explain the nature and scope of Labour Economics. Explain the characteristics of Labour? Labour Economics:- Ans: - “Labour Economics may be defined as a study of the organization, institutions and behavior of the labour market in an industrising or industrial economy”. According to Dole Yoder:“Labour economics or manpower economics is primarily concerned with efficient utilization and conservation of manpower and resources. It studies and seeks to

LABOUR MARKET DYNAMICS, UNEMPLOYMENT AND ECONOMIC GROWTH IN GHANA INTRODUCTION Owing to a GDP rebasing in 2011, Ghana became the fastest growing economy in the world with a GDP growth pinned at 20%, the largest per capita income in West Africa and the 21st in the continent. Ghana joined the league of oil producing countries in December 2010 with 85,000 barrels of crude oil in a day . Fiscal deficit fell from 5.9% of GDP in 2010 to an estimated 4.3% in 2011 due to strong revenue performance . Despite

Socio-economic inequality in South Africa is due to the institutionalised ideological mismatch regarding labour and economic policy Economic growth is shaped by policy context and promoted most effectively when it is consistent with either liberal market or co-ordinated market ideal type varieties of Capitalism. Policy inconsistency dampers economic growth post-apartheid South Africa attempted to adopt a social-democratic and co-ordinated variety of Capitalism. This failed due to the adoption

subject matter of economics? What role does the “division of labour” play in defining this subject matter? Quoting Michael Yates, “The subject matter of economics is the production and distribution of output…” (Yates, 2003). So what does this say to me? Simplifying, this says to me that Economics is a way of explaining the world. With studies dating as far back as Aristotle’s interest in the various forms of state, how can one ever fully understand the complexities of economic thought and how

Deviancy and Global Labour Practices" and "The Ethical and Economic Case Against Sweatshop Labor: A Critical Assessment". The former was authored in July 2005 by Denis Arnold and Laura Hartman. The latter was written in September 2011 by Benjamin Powell and Matt Zwolinski. The authors of both works are undeniably qualified and are experts in their respective fields. The credibility of both "Beyond Sweatshops: Positive Deviancy and Global Labour Practices" and "The Ethical and Economic Case Against Sweatshop

for these outcomes is a labour market need for migrant workers to fill jobs that indigenous workers reject (Fellini et al., 2007; Massey et al., 1998; Piore, 1979). However, this is not a spontaneous process and it is important to recognize the role played by labour market actors, particularly employers (or their agents) and the state (Bach, 2007; Rodriguez, 2004). Employers engage in active recruitment strategies to attract immigrant workers already in national labour markets or to recruit directly

have had significant changes in the UK labour market. Discuss the nature and source of these changes and critically evaluate their implications for developments in the employment strategies of organisations. Labour market plays a very important role in Human Resource Management. In this essay, it aims to show the changes of labour market after 1980s in UK. Then it will briefly discuss the impact on employment relationship and management strategies. Labour Market is a combination of job hunter and

regarding Canada’s diverse labour market is that, simply, some jobs are better than others. When comparing what makes one job better than another, various factors such as work hours, wages, benefits, and security are assessed. It makes sense that permanent, full-time, well-compensated, secure positions would be considered “better” than precarious (unreliable and/or unpredictable), part-time, temporary, low-wage, benefits-absent jobs would be. However, to complicate this labour market division further

job. The supply and demand of human resource must be carefully planned in such scenario. In Stonewall case, senior management may need to consider what new technology could be adopted for its production. In the last 3 decades, the enforcement of labour related legislations and regulations is also an external factor impacts on HR planning. Those legislations govern how a company recruits, selects, promotes, trains and compensates its employees. As an example, employment equity needs to be considered

With the recent economic the labour market is in labour shortage status, every industry is searching for people to work for their company. A company without employees, the operation is unable to run, as the general said employees are the biggest asset in every company. An employer with a respectable reputation or brand may not be the smartest choice to hire an ex convict, but from a business point of view the finance and workplace benefits are worth the risk to employ the single. In United States