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Labour Markets: Who Gets Paid and Who Pays - Essay Example

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As scientific device to extract the best labor, class variations are of great value in the process of effective management of human…
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Labour Markets: Who Gets Paid and Who Pays
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Download file to see previous pages In order to ascertain the benefactors and the beneficiaries of the labor market, it is necessary to evaluate the concept of class as a relationship between the workforce and the owners in a largely capitalist economy.
Class in a general sense is a collection of people working in an organized way, based on predetermined principles for the achievement of certain goals. Each class is determined on the basis of the quality of individuals and the expectations meant to be met by them in connection with the fulfillment of the objectives. According to certain opinion, “classes are groups of people connected to one another, and made different from one another, by the ways they interact when producing goods and services” (Zweig, 2000, p.11). Differences in opinions and skill levels always worked effectively behind making the factional groups among the workforce in different societies from the development of industrialization. These groups were originated and nurtured by the political, cultural and socioeconomic factors prevailed during the pre-globalization era. In a political scrutiny, majority of the factors reveal that Karl Marx was the first to identify the prospect of class differences and their influences in the productive sector. According to Marx’s speculations (as cited in Dawnemars, 2011), individuals belonged to specific classes determining their scope of productivity and improvement of lifestyle in a collective labor market, as a significant result of the social, political and economic conditions already existed in the owner-worker distinction in the organized sectors of production.
The presence of a class-based thought has expectedly promoted harmony among the workforce which can assure the productive development. According to the views of Yetes, (2003) (as cited in study guide), the concept of capitalism created the class-concept whereby dividing people into those who want jobs and those ...Download file to see next pagesRead More
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