Question

In: Economics

What are some effects of displacement on the working class?

What are some effects of displacement on the working class?

Solutions

Expert Solution

Displacement can be due to many concerns and generally impact a wide array of people. Generally, the poorer and working class sections of the society which are most vulnerable to any kind of negative development and are worst hit by such phenomenon, it can be due to natural conditions like famine or flood or due to developmental factors like lack of employment or poor connectivity with the developmental capital.

When the displacement comes induced by the developmental factors there is a general lack of skill and high level of poverty amongst the displaced members. This reduces their wage bargaining potential which leads them to work mostly in labour abundant semi skilled sectors rather than highly skilled service or capital goods sector.They tend to work at below decent wage levels and there is a ghettoization of such labour in and around factory areas. This also destroys the developmental differential further due to proliferation of urban spaces at the expanse of hinterland which further accentuates the rate of displacement. With time, the bargaining power of the labour reduces to abysmal levels while they are further pushed into bone breaking poverty levels and no change in their conditions.


Related Solutions

What are some placebo effects ?
What are some placebo effects ?
Working on a project for a PM class and trying to come up with some numbers...
Working on a project for a PM class and trying to come up with some numbers to include in my project for math/budgeting. Is it possible to find ROI on a simple birthday party ? If the overall budget for the party per the client is 9000$, what sorts of numbers can be generated ? Planning is in a 6 week time frame and this is being planned by an ' event company ' that is fictional, so any additional...
What are some of the working capital decisions?
What are some of the working capital decisions?
This is Java class working on the eclipse. I include some of the codes just so...
This is Java class working on the eclipse. I include some of the codes just so you know what needed. create and work with interfaces you'll create the DepartmentConstants interface presented. In addition, you'll implement an interface named Displayable that's similar to the Printable interface Create the interfaces 1- Import the project named ch12-ex1_DisplayableTest and review the codes package murach.test; public interface Displayable {     String getDisplayText(); } 2 . Note that this code includes an interface named Displayable that...
Hi, Working on a project in my group for class and I am having some issues...
Hi, Working on a project in my group for class and I am having some issues My part is current state of the business. It is a store and the annual sales are $460,000 Other info I have is: Ownership and Compensation; Percent Ownership Personal Investment Mitchell George, Founder & CEO 25% $125,000Katie Beauseigneur, COO 15% $75,000 Melissa Dunnells, CFO15% $75,000 Also, a medium coffee price from store is $3.75 Sarah Griffin, Marketing Officer 10% $50,000 Katharina Ferry, HR Director10%...
what is displacement current, drive a relationship to show that displacement current in a capacitor same...
what is displacement current, drive a relationship to show that displacement current in a capacitor same as real current.
When working with data sets, what are some of the difficulties of working with large data...
When working with data sets, what are some of the difficulties of working with large data sets? What problems will arise when data mining ? What information will be lost when reducing dimensions?
What are some pyschological effects of high school graduation?
What are some pyschological effects of high school graduation?
a.     What are the various ways that the American working class coped with the stagnation of real...
a.     What are the various ways that the American working class coped with the stagnation of real wages during the 1970's - 2007? b.     What were the various ways that the American business community responded to the growth in productivity during the 1970's - 2007?
What should politicians do to get the system working for the middle class?
What should politicians do to get the system working for the middle class?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT