Term Paper on "U.S"
Term Paper 6 pages (1813 words) Sources: 3 Style: MLA
[EXCERPT] . . . .
U.S.A. is considered to be the only developed country which has labor market based on decentralized system, and has vast experience in this field; the labor market of the country is integrated with possible allocation of resources towards welfare benefits of the unemployed. It is anticipated by the American government that such integration is expected to encourage and increase the rates of labor force participation. The increasing rates of labor force participation is also based on the effect of the real wages of men, and their failure to maintain and achieve minimum level of household income, and the involvement of the married women into labor market. Crime and begging are considered to be alternative of the employment at low wages, in the absence of proper welfare scheme. If the welfare option is not to be exercised due to the economic constraints of the government, it is important for the government to implement high rates of imprisonment to cease the switchover possibility of the labor into malpractices, therefore it is important that the labor market is expanded, and deliver the economic concerns of the employees to avoid any backlash in the form of criminal activities. The labor market has experienced positive growth after the economic recovery since 1990s. The economic recovery has been able to deliver the economic needs of the locals, and the criminal activities reduced. It was reported that the prison population approached two million after the recovery, and therefore it is important for the government to study the feasibility of reliance on prison as the 'employer of last resort' (John, 2004). Therefore such labor market program should be implemented which is able to address the woes of people in economic despedownload full paper ⤓
Considering the proposal of Calmfors-Driffill hump, it is believed that it is not possible to point out the position of the country on the hump, this can be only determine after carrying comprehensive insight of the effect of changes with respect to the relative position of the country on the hump. The labor market outcomes are generated either through 'greater centralization or greater decentralization' (John, 2004). Considering the example of Australia, it has been observed that labor market outcome has not been convincing, where as the country has experienced centralization and decentralization. Labor market institutions have made significant contribution in some of the places, such institutions have successfully achieved complex and economic outcomes, and therefore 'it may be too narrow to assess the efficacy of institutions solely in terms of their impact on labor market outcomes' (John, 2004).
Labor Market Parameters
The distinction between the employed and non-employed individuals is based on their working hours, generally the employees are classified into five different categories i.e. employees who work for more than 15 hours per week, employees who work less than 15 hours per week, discouraged employees, unemployed, and individuals who are economically inactive. The further distinction within the employed people is based on their full-time and part-time assignment; full-time work is 35 hours per week. There is distinction between the employees and self-employed in the labor reforms, the distinction is based upon the type of employment. According to the labor reforms, main activity status is referred to classify the employees into full-year worker, part-year worker and non-worker. A person who worked for the entire 12 months is classified as full-year worker; a person with minimum one month of employment period in a particular year is classified as part-year worker. Within the labor market, the women employees have lower arrival rate from other locations to avail distant job opportunity, the female employee is expected to secure low variance in the wages irrespective of the location, as compare to the men who are offered better opportunity for flipping their locations, therefore in the current labor market, 'women have a lower propensity to migrate compared to men' (Ahu, 2007). The WTO has been created immense opportunity for the world-wide labors, it has disturbed the monopoly and has developed an environment of competition, and therefore we observe that every government has introduced immense improvement in their labor market, because its the labor which supplies and incorporate quality into the product.
Canadian Icon of Labor Market Reforms
In November 2005, Canada-Ontario Labor Market Development Agreement (LMDA) and a Canada-Ontario Labor Market Partnership Agreement (LMPA) were signed by the Canadian authorities with the Ontario government. The agreement was signed to ensure that the talented and skilled workers of Ontario have access to the 'effective programs and service', further the objective of the agreement was to provide the Ontario employers with skilled workers, the purpose of the whole exercise was to improve and sustain the economic growth of the state and country. According to the Canadian Minister, such agreements will support Ontarians, and will provide them with an opportunity to access and avail all kind of services required to build a world class workforce. The Canadian government committed itself for investing more than $839 million annually by the end of 2009-10. Ontario is one of the first provinces to sign an LMPA and the Government of Canada stands ready to negotiate LMPAs with other provinces and territories as well (Stronach, 2005). Canadian government has already committed itself towards labor market programming, and invests more than $525 million annually towards Employment Insurance in Ontario. 'This is good news for Ontarians. These agreements go a long way toward ensuring Ontario's continued prosperity; they demonstrate the very high priority that we give to the development of a skilled workforce and to the rapid re-employment of unemployed Ontarians' (Bentley, 2005). Under LMDA the Government of… READ MORE
Quoted Instructions for "U.S" Assignment:
The purpose of the paper assignment is to allow you to focus on a single topic, industry, occupation, labor market, workplace practice, government regulation or public policy in which the student finds some personal interest and would like to expand their knowledge.
The purpose of the paper is to apply economic theories and models discussed in the lessons to a real-world situation of interest to you. The objective is to explore a current or cutting edge development in the labor market, and how it is affecting labor market outcomes, Outcomes include worker earnings, worker well being, employee productivity, employment levels and costs of labor. Try expanding the horizon to consider a broader, global scope to such outcomes, by including reference or comparison to other countries and cultures. Also try not to neglect how the labor market outcomes that you focus upon are shaped in no small part by both the historical and *****institutional***** (e.g., national) context in which the market forces are situated.
The paper will be evaluated according to the successful degree to which analytical economics is applied to your issue, including graphs, numerical and $$applications, and identifying the trade offs of costs vs. benefits and efficiency vs. equity.
How to Reference "U.S" Term Paper in a Bibliography
“U.S.” A1-TermPaper.com, 2007, https://www.a1-termpaper.com/topics/essay/us-considered/1598071. Accessed 30 Jun 2024.
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