How Inappropriate General Wage Levels and Wage Inflation Can Cause In Assignment

How Inappropriate General Wage Levels and Wage Inflation Can Cause Increased Unemployment - Assignment Example Unemployment is often considered as a disease in the society; its major impact is the fact that the productivity that can be obtained by employing the unemployed resources is foregone. Additionally, it adds poverty to the society, frustration to the individuals, and more often than not, the symptoms of unemployment can be observed by tracking crime rate as it often creeps up. There are several reasons for unemployment, however, in the current economic situation; recession can be identified as the ‘hottest’ reason. Recession not just leads to unemployment in the short run but has long-term negativity associated to the same, by the due fact that individuals lose their interest in gaining relevant skills for a job, and subsequently, when recovery takes place and demand of the labor moves up, but lack of appropriately required skill set makes it difficult for employment levels to move up, and thus, recovery becomes very slow (Blanchard, 2008). Inflation, as simply defined as an increase in general price levels, is also a critical aspect of the economy, and is an important economic indicator. Despite the fact that inflation illustrates the growth of an economy, at the same time, this variable needs to be retained within certain limits because exceeding a certain value would imply excessive increasing prices, putting pressure on consumer pockets, and not allowing them to retain their standard of living, let alone increasing them. Inflation is influenced by various economic elements such as various input costs, depreciating the local currency, etc, while it also affects other economic elements at the same time (Nellis, 2006). Consider a scenario in which average wage is on the greater side, then as per the above equation, the unit labour cost would be on the higher side as well. Following this scenario, it can be assumed that the producer would have to increase the price of the output to ensure profit margins remaining at the past numbers, if not moving ahead that is.  

Women and poverty Essay Example | Topics and Well Written Essays - 1000 words

Women and poverty - Essay Example With the poverty levels in women growing at a faster rate than those of men, different authors have sought to look for alternatives to solving the problem. With the governmental agencies seemingly relaxing on addressing the issue, it remains the efforts of researchers to provide the solution to the problem. In Canada, Burkhauser and Sabia seek to offer solutions with the intention of minimizing the high poverty levels among women by bridging the wage gap between men and women. They observe that only men occupy big jobs in organizations, with women assuming the role of support personnel. Although more women now have jobs, the fact that they do not occupy large positions in these firms contributes to the wide poverty gap. According to them, the best way of solving the problem of high poverty levels in women is through increasing the minimum wage levels among women in the society. They argue that despite the fact that people work in big organizations, they have low incomes, which when p assed over to the family, creates a vicious cycle of poverty in the society. The journal addresses on the means available to reduce the level of poverty. While other articles propose on the means of reducing the level of poverty among women in the society, this particular article offers guidelines on how raising the minimum wage levels for women as the most significant solution to the problem. The government, while addressing the problem of poverty in Canada, have even influenced the politics of neoliberalism in Canada.... With the governmental agencies seemingly relaxing on addressing the issue, it remains the efforts of researchers to provide solution to the problem. In Canada, Burkhauser and Sabia seek to offer solutions with the intention of minimizing the high poverty levels among women by bridging the wage gap between men and women. They observe that only men occupy big jobs in organizations, with women assuming the role of support personnel. Although more women now have jobs, the fact that they do not occupy large positions in these firms contributes to the wide poverty gap. According to them, the best way of solving the problem of high poverty levels in women is through increasing the minimum wage levels among women in the society. They argue that despite the fact that people work in big organizations, they have low incomes, which when passed over to the family, creates a vicious cycle of poverty in the society. The journal addresses on the means available to reduce the level of poverty among t he women in the society. While other articles propose on the means of reducing the level of poverty among women in the society, this particular article offers guidelines on how raising the minimum wage levels for women as the most significant solution to the problem. Coulter, Kendra. â€Å"Women, Poverty Policy, and the Production of Neoliberal Politics in Ontario, Canada.† Journal of Women, Politics & Policy (2009): 30.1. Print. The government, while addressing the problem of poverty in Canada, have even influenced the politics of neo-liberalism in Canada. Coulter (24) observes, â€Å"In confronting inadequate social policies and the political terrain on which the policies exist, these women exposed the difficulties of challenging both neoliberal policy and political