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Make-work Job
A make-work job is a job that is created and maintained at a cost not offset by the job’s fulfilment. Usually having little or no immediate financial benefit, such roles can be said to exist for other economic or social-political reasons, for example simply to provide work-experience or maintain a ceremonial function. Make-work jobs are similar to workfare, but are publicly offered on the job market and have otherwise normal employment requirements. Workfare jobs, in contrast, may be handed out to a randomly selected applicant or have special requirements such as continuing to search for a non-workfare job. Analysis Some consider make-work jobs to be harmful when they provide very little practical experience or training for future careers. As a part of the New Deal, the Civil Works Administration (CWA) was in 1933 created as a stopgap measure to boost the economic relief provided by the Federal Emergency Relief Administration and Public Works Administration. At its peak, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workfare
Workfare is a governmental plan under which welfare recipients are required to accept public-service jobs or to participate in job training. Many countries around the world have adopted workfare (sometimes implemented as "work-first" policies) to reduce poverty among able-bodied adults; however, their approaches to execution vary. The United States and United Kingdom are two countries utilizing workfare, albeit with different backgrounds. Background Workfare was first introduced by civil rights leader James Charles Evers in 1968; however, it was popularized by Richard Nixon in a televised speech August 1969. An early model of workfare had been pioneered in 1961 by Joseph Mitchell in Newburgh, New York. Traditional welfare benefits systems are usually awarded based on certain conditions, such as searching for work, or based on meeting criteria that would position the recipient as unavailable to seek employment or be employed. Under workfare, recipients have to meet certain pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lump Of Labour Fallacy
In economics, the lump of labour fallacy is the misconception that there is a finite amount of work—a lump of labour—to be done within an economy which can be distributed to create more or fewer jobs. It is also known as the lump of jobs fallacy, fallacy of labour scarcity, fixed pie fallacy, and the zero-sum fallacy—due to its ties to zero-sum games. The term "fixed pie fallacy" is also used more generally to refer to the idea that there is a fixed amount of wealth in the world. This and other zero-sum fallacies can be caused by zero-sum bias. It was considered a fallacy in 1891 by economist David Frederick Schloss, who held that the amount of work is not fixed. The term originated to rebut the idea that reducing the number of hours employees are allowed to labour during the working day would lead to a reduction in unemployment. The term is also commonly used to describe the false belief that increasing labour productivity, automation, immigration, or women's participa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare Economics
Welfare economics is a field of economics that applies microeconomic techniques to evaluate the overall well-being (welfare) of a society. The principles of welfare economics are often used to inform public economics, which focuses on the ways in which government intervention can improve social welfare. Additionally, welfare economics serves as the theoretical foundation for several instruments of public economics, such as cost–benefit analysis. The intersection of welfare economics and behavioral economics has given rise to the subfield of behavioral welfare economics. Two fundamental theorems are associated with welfare economics. The first states that competitive markets, under certain assumptions, lead to Pareto efficient outcomes. This idea is sometimes referred to as Adam Smith's invisible hand. The second theorem states that with further restrictions, any Pareto efficient outcome can be achieved through a competitive market equilibrium, provided that a social ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employment Classifications
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, and disability insurance. Employment is typically governed by employment laws, organization or legal contracts. Employees and employers An employee contributes labour and expertise to a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hazlitt (magazine)
Hazlitt may refer to: * Hazlitt (name) * Hazlitt Theatre, one of the main theatres in Maidstone, Kent * Hazlitt's, a hotel in Soho, London * ''Hazlitt'' (magazine), a Canadian online literary magazine See also * Haslet (other) * Haslett * Hazlet (other) {{Disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British newspaper published weekly in printed magazine format and daily on Electronic publishing, digital platforms. It publishes stories on topics that include economics, business, geopolitics, technology and culture. Mostly written and edited in London, it has other editorial offices in the United States and in major cities in continental Europe, Asia, and the Middle East. The newspaper has a prominent focus on data journalism and interpretive analysis over News media, original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson (businessman), James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into political economy and eventually began running articles on current events, finance, commerce, and British politics. Throughout the mid-to-late 20th century, it greatl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Graeber
David Rolfe Graeber (; February 12, 1961 – September 2, 2020) was an American and British anthropologist, Left-wing politics, left-wing and anarchism, anarchist social and political activist. His influential work in Social anthropology, social and economic anthropology, particularly his books "Debt: The First 5,000 Years" (2011), "The Utopia of Rules" (2015) and "Bullshit Jobs" (2018), and his leading role in the Occupy movement, earned him recognition as one of the foremost anthropologists and left-wing thinkers of his time. Born in New York to a Working class, working-class family, Graeber studied at Purchase College and the University of Chicago, where he conducted Ethnography, ethnographic research in Madagascar under Marshall Sahlins and obtained his doctorate in 1996. He was an assistant professor at Yale University from 1998 to 2005, when the university controversially decided not to renew his contract. Unable to secure another position in the United States, Graeber ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zero-sum Thinking
Zero-sum thinking perceives situations as zero-sum games, where one person's gain would be another's loss.Burleigh, T. J. (2016). ''"Your gain is my loss": An examination of zero-sum thinking with love in multi-partner romantic relationships and with grades in the university classroom'' (Doctoral dissertation). http://hdl.handle.net/10214/10034 The term is derived from game theory. However, unlike the game theory concept, zero-sum thinking refers to a psychological construct—a person's subjective interpretation of a situation. Zero-sum thinking is captured by the saying "your gain is my loss" (or conversely, "your loss is my gain"). Rozycka-Tran et al. (2015) defined zero-sum thinking as: A general belief system about the antagonistic nature of social relations, shared by people in a society or culture and based on the implicit assumption that a finite amount of goods exists in the world, in which one person's winning makes others the losers, and vice versa ... a relatively ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sinecure
A sinecure ( or ; from the Latin , 'without', and , 'care') is a position with a salary or otherwise generating income that requires or involves little or no responsibility, labour, or active service. The term originated in the medieval church, where it signified a post without any responsibility for the " cure areof souls", the regular liturgical and pastoral functions of a cleric, but came to be applied to any post, secular or ecclesiastical, that involved little or no actual work. Sinecures have historically provided a potent tool for governments or monarchs to distribute patronage, while recipients are able to store up titles and easy salaries. A sinecure can also be given to an individual whose primary job is in another office, but requires a sinecure title to perform that job. For example, the Government House Leader in Canada is often given a sinecure ministry position so that they may become a member of the Cabinet. Similar examples are the Lord Keeper of the Privy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rent-seeking
Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth. Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, stifled competition, reduced wealth creation, lost government revenue, heightened income inequality, heightened debt levels, risk of growing corruption and cronyism, decreased public trust in institutions, and potential national decline. Successful capture of regulatory agencies (if any) to gain a coercive monopoly can result in advantages for rent-seekers in a market while imposing disadvantages on their uncorrupt competitors. This is one of many possible forms of rent-seeking behavior. Theory The term "rent", in the narrow sense of land rent, was coined by the British 19th-century economist David Ricardo, but rent-seeking only became the subject of durable interest among economists an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Works
Public works are a broad category of infrastructure projects, financed and procured by a government body for recreational, employment, and health and safety uses in the greater community. They include public buildings ( municipal buildings, schools, and hospitals), transport infrastructure ( roads, railroads, bridges, pipelines, canals, ports, and airports), public spaces (public squares, parks, and beaches), public services ( water supply and treatment, sewage treatment, electrical grid, and dams), environmental protection ( drinking water protection, soil erosion reduction, wildlife habitat preservation, preservation and restoration of forests and wetlands) and other, usually long-term, physical assets and facilities. Though often interchangeable with public infrastructure and public capital, public works does not necessarily carry an economic component, thereby being a broader term. Construction may be undertaken either by directly employed labour or by a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalist Peace
The capitalist or commercial peace theory posits that market openness contributes to more peaceful behavior among states, and that developed market-oriented economies are less likely to engage in conflict with one another. Along with the democratic peace theory and institutionalist arguments for peace, the commercial peace forms part of the Kantian tripod for peace. Prominent mechanisms for the commercial peace revolve around how capitalism, trade interdependence, and capital interdependence raise the costs of warfare, incentivize groups to lobby against war, make it harder for leaders to go to war, and reduce the economic benefits of conquest. Scholars have debated the empirical and theoretical validity of the commercial peace thesis, as well as the mechanisms behind the theory. According to one review of existing research, the evidence on the relationship between economic interdependence and conflict is inconclusive. History The philosophical roots of the commercial peace, clo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
