Unemployment by Jakub Staniszewski https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0 en-us 2021-05-24 16:36:45 UTC 2021-05-25 16:08:04 UTC hello@padlet.com https://padlet.net/icons/png/1f4bc.png -it can lead to increased unemployment, due to minimum wage most students will be left jobless because an increase in minimum wage leads to a decrease in teenage unemployment https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558205549 - ]]> 2021-05-25 15:57:31 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558205549 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558212596 - When a country is at a steady state it means that there is zero economic growth. There is just enough new capital to offset depreciation and we get no additional stock to the overall capital.
- In a steady-state economy, success would be measured by how stable (GDP) is, rather than by GDP growth being the main measure of economic health.]]> 2021-05-25 15:59:09 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558212596 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558219174 Unions have big influence in the wages, which will lead to high rate of unemployment eventually, because the higher the wages, less money for the company free to hire more employees.]]> 2021-05-25 16:00:41 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558219174 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558220296 Collective bargaining raises the wages and benefits more for low-wage workers than for middle-wage workers and least for white-collar workers, thereby lessening wage inequality.]]> 2021-05-25 16:00:58 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558220296 Unions want to get a lot of pay, and organizations like companies don't pay much, but they want to pay the right amount. When salaries are too large for the company to handle, the company has a hard time hiring more people, which naturally leads to unemployment problems deuksueyoon https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558221005 2021-05-25 16:01:08 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558221005 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558222027 While unemployment rates in the euro area and the United States were both around 10 percent in 2010, the unemployment rate in the euro area has since increased to 12.0 percent, and the U.S. rate has fallen to 6.7 percent

]]> 2021-05-25 16:01:23 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558222027 83169 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558223170 The wage level dictated by the supply and demand of workers is known as the equilibrium wage. The theory of efficiency wages is the idea that it might be beneficial for employers to pay workers more than the equilibrium wage in some cases. That means employers give their workers a higher wage in the hope that it will lead to increased productivity.]]> 2021-05-25 16:01:40 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558223170 In the United States, there has been a sharp increase in the relative wages of skilled workers, but in most European countries there has been little change in relative wages. A fall in relative demand with no change in relative wages can only lead to a fall in the relative employment rates of unskilled workers https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558225394 2021-05-25 16:02:09 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558225394 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558229012 The way collective bargaining influences labour market performance depends on the bargaining strategies of social partners, the structure of product and labour markets and the nature of collective bargaining institutions. ]]> 2021-05-25 16:02:57 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558229012 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558232324  the wage a firm would pay a worker to increase their productivity such that the firm was indifferent between the low efficiency worker and the high efficiency worker.]]> 2021-05-25 16:03:39 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558232324 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558237487 Paying your employees above what economists call ‘market equilibrium’ wage levels will impact how much your firm’s employees are motivated to work.]]> 2021-05-25 16:04:47 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558237487 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558242168 Attract higher quality labour. If a firm pays above the market clearing level, it will attract a better quality worker who will feel they can get a relatively better-paid job.

Nutritional theories. In developing economies at very low rates of pay, increasing wages can enable a reduction in absolute poverty – better health, and nutrition lead to better quality labour.

]]> 2021-05-25 16:05:51 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558242168 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558243987 "One example is Amazon who recently increased the wages for their lowest paid staff globally. Part of Amazon’s reason for doing this will have been to improve public perception of their business but beneath this are the classic motivations to improve productivity, efficiency and ultimately profitability.
By increasing their staffs’ wages from minimum to living wage Amazon will have hoped to gain several desirable changes within their workforce. Firstly, they hoped that their employee's desire to hold on to their jobs would increase, resulting in a better work ethic. Secondly they expected to have lower staff turnover because the wages they could get elsewhere will now be comparatively less, next they might hope that they will get a spate of new applicants and be able to choose a better standard of employee who is more productive and finally their employees’ health will improve and thus so will the quality of their work."
]]> 2021-05-25 16:06:15 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558243987 https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558252268 The public policies affect the unemployment laws mandating a high minimum wage for instants are wildly tought to raise unemployment among the least skilled and experience the members of the labor force]]> 2021-05-25 16:08:04 UTC https://padlet.com/jakubjstaniszewski/eol3z20kr7t80lg0/wish/1558252268