We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Labor Economics - Term Paper Example

Comments (0) Cite this document
Summary
The people who are most affected by the unequal distribution of income is the poor. This is particularly disadvantageous because poor people become susceptible to diseases. In the end, the morbidity and…
Download full paper
GRAB THE BEST PAPER
Labor Economics
Read TextPreview

Extract of sample
Labor Economics

Download file to see previous pages... This is because the poor did not have enough time to invest as the rich people in the American populations. It affected women and black Americans the most because they were poor before the economy of America grew (Schiller, 2004).
The inequality happened from a long time ago because of the change in the labor market. This is because the people that worked as skilled laborers in the early 1970 received a substantial pay. This was in contrast to money received by the unskilled laborers. The income inequality increased over the years, and this is what made the skilled laborers rich and the unskilled poor. The international trade is to blame for the increase in the outcome imbalance (Blinder, 2011). This is because the trade led to the increased cost of products, which reduced the profits of the companies. This led the companies to lay off some of its employees and many unskilled laborers lost their jobs. Technology also led to the imbalance because with the use of better machines unskilled laborers had no work to do in a company. Therefore, they lost their jobs as the machines replaced what they did in the company. People came to the realization that they had to receive a decent education to secure a reasonable job. This made the companies get many skilled workers and the gap increased between income of the skilled laborers and the unskilled laborers.
However, the growth of income inequality has produced beneficial results more than the bad results. This is because the gap that developed amid the rich and the poor motivated people to work harder. When the economy of America grew significantly, the rich people received a larger salary, and this is especially those who had high education qualification. The poor people received less pay, and they constituted the people that had low education qualification (Blinder, 2011). This then made those who had less qualification in education to work harder in their places of work. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Labor Economics Term Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1594820-labor-economics
(Labor Economics Term Paper Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/miscellaneous/1594820-labor-economics.
“Labor Economics Term Paper Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/miscellaneous/1594820-labor-economics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Globalization and Labor
Economic reforms together with the massive political changes that have occurred across the globe in the recent years have caused such countries as India, Pakistan, China and other Eastern countries to undergo an altogether change in terms of the involvement of their labor forces into the economies of open market.
10 Pages(2500 words)Term Paper
Institutional economics
Capitalism is a method in which an individual or a private organization manufactures the products and services with an objective to generate profit. Profit and wages are the two common forms of income in a capitalist system. As different people have different mindsets, therefore, different viewpoints by economist, political economist and historians have come under consideration when capitalism is under allocution.
4 Pages(1000 words)Term Paper
The Labor Supply and China Economics
Due to the implementation of the one-child policy, the country is likely to face a severe shortage of labor in the future, which will adversely affect the economy of China. The shortage of labor supply has emboldened workers and led to the emergence of strikes, which have paralyzed the operations of major companies in China (Lu 2).
6 Pages(1500 words)Term Paper
Labor Economics
More importantly, Smith advanced the idea that the wealth of a nation is due to the contribution of those who do the work, which is still applicable today as it was over two centuries ago. To wit, “The abundance or scantiness of its (society) annual supply must depend, during the continuance of that state, upon the proportion between those who are annually employed in useful labor and those who are not so employed (Smith).” In the same year, several important economic developments were happening.
4 Pages(1000 words)Essay
Economics
1.3 Natural monopoly…………………………………………………. 5 2.1 Economy of Africa …………………………………………. 6
6 Pages(1500 words)Term Paper
Labor market
Since America is so intensive it its quest to practice the Adam Smith’s depiction of Capitalism, the labor force correlates with the condition of the economy. Smith’s theory that propagated dependence of individualism that oozed
5 Pages(1250 words)Term Paper
See the attachment
It also measures the factors that affect microeconomic decisions and how those decisions affect others. Microeconomic decisions are influenced by cost and benefit circumstances. Costs can be in terms of financial costs such as average fixed costs and total variable
8 Pages(2000 words)Term Paper
History of child labor
Microeconomics involves those factors that revolve around the community or immediate household. On the other hand, macroeconomic entails factors that include the whole country. The analysis below features a number of macro and micro
5 Pages(1250 words)Term Paper
Micro economics
It can also be considered as the lowest wage at which a worker may sell his or her labor. Minimum wage differs from one country to another and from one state to another in the United States. The US federal government has specified a statutory minimum wage that each employer
7 Pages(1750 words)Term Paper
Economics
r, in the recent past, GDP as a measure of economic activity has come under sharp criticism for not putting into consideration other various significant aspects of the economy. A lot of extensive literature, both empirical and theoretical has been prepared by various notable
5 Pages(1250 words)Term Paper
Let us find you another Term Paper on topic Labor Economics for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us