Labor Economicss And Labor Relations Essay, Research Paper

John Kerrington

Economicss 330

Reaction Paper # 3

Reaction Paper # 3 is based on the Article, ? Labor Economics and Labor Relations? , by Loyd Reynolds, Stanley Masters, & A ; Colletta Moser.

This article offers a figure of economical point of views, which although justifiable and scientifically proven, are still capable to debate. The first disagreeable point made by the writer? s was their belief that an employee seeks an overall? employment bundle? , apart from pay, in finding their hereafter employer. Harmonizing to the article, the employee does non seek the highest pay available in their peculiar market. Alternatively, they search for the occupation that will offer the greatest net advantage such as periphery benefits and a pleasant working environment. This is non needfully true because many possible employees, peculiarly those in the on the job category, wear? t needfully know the type of working environment in which they will be placed. They may be made cognizant of the benefits that is granted them but the? overall bundle? is non needfully discussed during an interview procedure. A possible employee doesn? t have the feel for the occupation until he/she is ON the occupation. This may explicate the employee turnover, which is allotted for in the labour market and fuels the competition of a free labour market. For many bad occupations, workers must make up one’s mind for themselves whether or non the compensation is worth the extra hazards involved. Government intercession in Safety and Health criterions has been set up in an attempt to protect the worker. Yet workers are non given the overall spectrum of the hazards involved, peculiarly risky chemicals used, until they are employed. It is non until the worker? s preparation period that he/she is handed the Material Safety Data Sheets ( MSDS ) for the potentially risky stuff he/she may be managing. This supports my dissension with the writer? s point of view that employees look for an? overall bundle? when sing employment. It is virtually impossible for a possible employee to be to the full cognizant

of the “overall bundle? prior to employment. Because of this disadvantage, most workers, peculiarly those in the market for blue-collar occupations, tend to be attracted, about entirely, to those employers who offer the highest rewards. At least until the? overall bundle? is evaluated by the employee. There are several ways in which the authorities can increase it? s effectivity in supplying the labour market with enlightening stuff. One scheme would be to necessitate employers to supply the applier with the OSHA ordinances imposed on that peculiar industry prior to employment, non after. Another scheme would be to give the employee greater dickering power by leting an observation period in which the worker may make up one’s mind whether or non the occupation is suited to his/her demands. Such a system is in topographic point but it is set to profit the employer in which it decides whether or non the employee suits him/her.

Another point made in this article was the thought that Unions serve the intent of dejecting rewards for nonunion occupations. The belief is that the excess of appliers kept out by imposed brotherhood limitations will travel out and seek alternate nonunion employment for lower wage. This is extremely problematic. The excess of appliers is excessively undistinguished a figure to hold any kind of impact on a labour market and causation pay rates to drop. Particularly this twenty-four hours in age where the figure of nonionized labour has dropped over the old ages and more and more employers are anti-union. It is besides safe to presume that nonionized labour is set to keep a competitory pay for employees in a peculiar field or business. Workers who apply for such occupations are skilled in their ain right and are good cognizant of their worth when it comes to employment. If they are turned down by one employer, they will probably demand a competitory pay from another based on their degree of accomplishment. The labour market IS in fact an effectual tool for finding comparative pay rates, but unlike the? ceteris parabus? presumed in such computations is misdirecting. Particularly because we live in a extremely fluid and fictile economic system. Far from the Utopia that these computations epitomize.