Lalala
Labor and Employment
Submitted by:
Group 4
Ankerman, Melcarl
Aringo, Joven Patrick
Benzon, Jan Brae
Cagadas, Gennalyn
Gado, Gemma
Salvador, Justin
Villanueva, Reynamari
BSA III-10
Submitted to:
Mr. Joselito Yu
Professor, ECO 4
LABOR AND EMPLOYMENT
LABOR
* very important resource. It is important that some noted economists postulate that labor is the source of value.
LABOR PROBLEMS * is an economics term widely used toward the turn of the twentieth century with various applications. It has been defined in various ways, such as "the problem of improving the conditions of employment of the wage-earning classes." A possible cause is the failure to account for the negative externality of reproduction in the face of finite natural resources which results in over-supply of labor and falling living standards for wage-laborer. Represents conflictsa on social reality with social ideals that normally rise out of employment.
AREAS OF LABOR PROBLEMS
1. UNEMPLOYMENT AND UNDEREMPLOYMENT * A person is considered UNEMPLOYED if he is least 15 years of age willing and able to work but cannot find work. * Unemployment is not only consider an economic problem, but also a social problem. * Uneployment can lead to petty crimes or outright hold-ups and robberies. * Can also lead to social dissatisfactions. The government must, therefore, place the problem of unemployment among it’s first priorities. * UNDEREMPLOYMENT, is another problem. Underemployed is an employed person who works for less than 40 hours per week, despite the fact that he wants to work for more hours. * Underemployment exists in some part time work (Jeepney drivers who works in shifts) and in substantially large agriculturally based jobs. * VISIBLE UNDEREMPLOYMENT is defined as the number of people working less than 40 hrs per week and wanting additional work. * INVISIBLE UNDEREMPLOYMENT is defined as the number of people working 40 hrs or more per week
Submitted by:
Group 4
Ankerman, Melcarl
Aringo, Joven Patrick
Benzon, Jan Brae
Cagadas, Gennalyn
Gado, Gemma
Salvador, Justin
Villanueva, Reynamari
BSA III-10
Submitted to:
Mr. Joselito Yu
Professor, ECO 4
LABOR AND EMPLOYMENT
LABOR
* very important resource. It is important that some noted economists postulate that labor is the source of value.
LABOR PROBLEMS * is an economics term widely used toward the turn of the twentieth century with various applications. It has been defined in various ways, such as "the problem of improving the conditions of employment of the wage-earning classes." A possible cause is the failure to account for the negative externality of reproduction in the face of finite natural resources which results in over-supply of labor and falling living standards for wage-laborer. Represents conflictsa on social reality with social ideals that normally rise out of employment.
AREAS OF LABOR PROBLEMS
1. UNEMPLOYMENT AND UNDEREMPLOYMENT * A person is considered UNEMPLOYED if he is least 15 years of age willing and able to work but cannot find work. * Unemployment is not only consider an economic problem, but also a social problem. * Uneployment can lead to petty crimes or outright hold-ups and robberies. * Can also lead to social dissatisfactions. The government must, therefore, place the problem of unemployment among it’s first priorities. * UNDEREMPLOYMENT, is another problem. Underemployed is an employed person who works for less than 40 hours per week, despite the fact that he wants to work for more hours. * Underemployment exists in some part time work (Jeepney drivers who works in shifts) and in substantially large agriculturally based jobs. * VISIBLE UNDEREMPLOYMENT is defined as the number of people working less than 40 hrs per week and wanting additional work. * INVISIBLE UNDEREMPLOYMENT is defined as the number of people working 40 hrs or more per week