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Featherbedding
Featherbedding is the practice of hiring more workers than are needed to perform a given job, or to adopt work procedures which appear pointless, complex and time-consuming merely to employ additional workers. The term " make-work" is sometimes used as a synonym for featherbedding. The term "featherbedding" is usually used by management to describe behaviors and rules sought by workers.William Gomberg, "Featherbedding: An Assertion of Property Rights," ''Annals of the American Academy of Political and Social Science,'' 333:1 (1961). The term may equally apply to mid- and upper-level management, particularly in regard to top-heavy and "bloated" levels of middle- and upper-level management. Featherbedding has also been occasionally used to describe rent-seeking behavior by corporations in response to economic regulation. Etymology The term "featherbedding" originally referred to any person who is pampered, coddled, or excessively rewarded. The term originated in the use of feathers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Make-work
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] |
Ted Morgan (writer)
Ted Morgan (March 30, 1932 – December 13, 2023) was a French-American biographer, journalist, and historian. Early life Morgan was born Count Sanche Charles Armand Gabriel de Gramont in Geneva. He was the son of Gabriel Antoine Armand, Count de Gramont (1908–1943), a French diplomat who served as a pilot in the French escadrille in England during World War II, and Marie-Hélène Negroponte, sister to Dimitri Negroponte, in 1931. After his father's death, his mother married Jacques de Thier, the Belgian Ambassador to Mexico and the United Kingdom. Gramont is an old French noble family. His father was the son of the 11th Duke of Gramont and his third wife, Maria of the Princes Ruspoli. Career After his father died in a training flight, Morgan began to lead two parallel lives. He received his undergraduate degree from Yale University (where he was a member of Manuscript Society) in 1954 and an M.S. degree from Columbia University's Graduate School of Journalism in 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Terms
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. A distinction is made in law and public offices between the term business and a company (such as a corporation or cooperative). Colloquially, the terms are used interchangeably. Corporations are distinct from sole proprietors and partnerships. Corporations are separate and unique legal entities from their shareholders; as such they provide limited liability for their owners and members. Cor ... [...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] |
Ghost Job
A fake job, ghost job, or phantom job is a job posting for a non-existent or already filled position. The employer may post fake job opening listings for many reasons, such as inflating statistics about their industries, protecting the company from discrimination lawsuits, fulfilling requirements by human-resources departments, identifying potentially promising recruits for future hiring, pacifying existing employees that the company is looking for extra help, or retaining desirable employees. They may also use this strategy to gather information regarding their competitors' wages. There is a rising trend in employers promising remote work as "bait," and it underscores the relative power of the employers in the job market. According to the career coaching service SamNova, a fake job listing can often be spotted as one that is either continuously open or repeatedly posted. These listings may have catchy titles, vague descriptions, a lack of detail, or contain reposts of prev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sweden
Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic country by both area and population, and is the List of European countries by area, fifth-largest country in Europe. Its capital and largest city is Stockholm. Sweden has a population of 10.6 million, and a low population density of ; 88% of Swedes reside in urban areas. They are mostly in the central and southern half of the country. Sweden's urban areas together cover 1.5% of its land area. Sweden has a diverse Climate of Sweden, climate owing to the length of the country, which ranges from 55th parallel north, 55°N to 69th parallel north, 69°N. Sweden has been inhabited since Prehistoric Sweden, prehistoric times around 12,000 BC. The inhabitants emerged as the Geats () and Swedes (tribe), Swedes (), who formed part of the sea-faring peopl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Safety Net
A social safety net (SSN) consists of non-contributory assistance existing to improve lives of vulnerable families and individuals experiencing poverty and destitution. Examples of SSNs are previously-contributory social pensions, in-kind and food transfers, conditional and unconditional cash transfers, fee waivers, public works, and school feeding programs.World Bank. 2018"The State of Social Safety Nets" 2018. Washington, DC: World Bank. © World Bank. License: CC BY 3.0 IGO. Definitions There is no exact and unified definition of the concept of SSN. The World Bank has one of the widest definitions, but multiple definitions are used by different scholars, institutions, and organizations such as the International Labor Organization (ILO) and ESCAP. This lead some scholars to go so far as to hold that there is no point in using the term SSN as it is rarely used consistently and are instead advocating that the different components of SSN are used for analysis rather than the term ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Full Employment
Full employment is an economic situation in which there is no cyclical or deficient-demand unemployment. Full employment does not entail the disappearance of all unemployment, as other kinds of unemployment, namely structural and frictional, may remain. Full employment does not entail 100% employment-to-population ratio. For instance, workers who are "between jobs" for short periods of time as they search for better employment are not counted against full employment, as such unemployment is frictional rather than cyclical. An economy with full employment might also have unemployment or underemployment where part-time workers cannot find jobs appropriate to their skill level, as such unemployment is considered structural rather than cyclical. Full employment marks the point past which expansionary fiscal and/or monetary policy cannot reduce unemployment any further without causing inflation. Some economists define full employment somewhat differently, as the unemployment rate at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post-war Consensus
The post-war consensus, sometimes called the post-war compromise, was the economic order and social model of which the major political parties in post-war Britain shared a consensus supporting view, from the end of World War II in Europe in 1945 to the late-1970s. It ended during the governance of Conservative Party leader Margaret Thatcher. The consensus tolerated or encouraged nationalisation, strong trade unions, heavy regulation, high taxes, and an extensive welfare state. The notion of a post-war consensus covered support for a coherent package of policies that was developed in the 1930s and promised during the Second World War, focused on a mixed economy, Keynesianism, and a broad welfare state. Historians have debated the timing of the weakening and collapse of the consensus, including whether it ended before Thatcherism arrived with the 1979 general election. They also suggest that the notion might not have been as widely supported as some claim, and that the word ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan
Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea in the south. The Japanese archipelago consists of four major islands—Hokkaido, Honshu, Shikoku, and Kyushu—and List of islands of Japan, thousands of smaller islands, covering . Japan has a population of over 123 million as of 2025, making it the List of countries and dependencies by population, eleventh-most populous country. The capital of Japan and List of cities in Japan, its largest city is Tokyo; the Greater Tokyo Area is the List of largest cities, largest metropolitan area in the world, with more than 37 million inhabitants as of 2024. Japan is divided into 47 Prefectures of Japan, administrative prefectures and List of regions of Japan, eight traditional regions. About three-quarters of Geography of Japan, the countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
