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Back in 1997, The Economist described the plight of the unskilled worker in the rich world. "In America the problem takes the form of poverty wages, in Europe of unemployment. The underlying cause appears to be the same. There are more unskilled workers than jobs at decent wages for them to do. In America, wages are allowed to fall far enough to match the demand for unskilled labor with the supply. Unemployment is low and millions of new jobs have been created; but low-wage workers earn too little to live comfortably, and their incomes in real terms have fallen for 20 years. In Europe, wages and other employment costs are buoyed by minimum-wage laws and comparatively generous welfare benefits, so unskilled workers are less poor than in America; but unemployment is far higher." ("Ballad of the Global Worker." The Economist. September 18, 1997).
Use a demand and supply diagram of the labor market to explain why the decrease in demand for skilled labor led to low wages in the United States, but high unemployment in Europe.
What were the processes of collectivization and industrialization in the USSR? What were Stalin's goals with each of these campaigns? Were the methods Stalin used to collectivize and industrialize successful or not?
Assume that an average employee works 2000 hours per year. If the company has 300 employees and a Loss Time Injury Frequency (LTIF) of 15 Loss Time Injuries (LTIs) per 200,000 hours of exposure, on average, how many employees out of ten will expe..
How do operational executors work in the company that specialises in transportation and building products business.
Objective questions on International Business Management.
Explain The child of a customer and left in a running vehicle and manages to shift the car into forward and it plows through the front of your store
Accelerated depreciation methods such as MACRS increase NPV because ... a. MACRS increases the total amount of depreciation which increases cash flow. b. MACRS accelerates the tax deductions for depreciation
The concept of human relations in the workplace has evolved as the changes in society have evolved.
Explain the difference between a group and a team, and the strategies a leader should consider to influence a group or team
How does the changing business environment impact businesses, and what do businesses need to do in order to stay competitive in a changing, diverse business environment?
The industry has a target capital structure of 65 percent common stock, 5 percent preferred stock and 30 percent debt.
Explain some research and come up with a real example of how effective decisions can positively impact the business
A preliminary project initiation meeting will result in the identification of the project sponsor, selection of a project manager, and creation of the project charter. A manager in the production department who knows you are taking a college proje..
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