Question

In: Operations Management

The United States has one the world’s freest labor markets. Research free labor markets around the...

The United States has one the world’s freest labor markets. Research free labor markets around the world as well as your local labor market. What type of market exists in your local area? What are the pros and cons of a free labor market? Based on your research, reading and analysis, is there a need for government regulation?

Solutions

Expert Solution

The market that exists in my local area is a managed advertise and the government unequivocally controls various perspectives and measurements of the labor showcase like commanded vacation time, firing rules, and so on.

Pros of a free labor showcase are that a free labor advertise will in general make the labor showcase energetic and flourishing. The labor advertise works in a manner that ideally bolsters the business and by doing this the estimation of labor is deliberately augmented. A free labor showcase guarantees that wages are likewise decided ideally utilizing the market powers of interest for labor and supply of labor. As far as cons a free labor market can experience the ill effects of the perils of benefit thought process of companies who might want to keep least wages well beneath showcase wage.

Yes, there is a requirement for government regulation however in a controlled way. The labor market ought not be profoundly directed; rather it ought to basically be a free market and should just be controlled by government with respect to significant angles to ensure the interest of the laborers.

PLEASE LIKE MY ANSWER


Related Solutions

The United States has one the world’s freest labor markets. Research free labor markets around the...
The United States has one the world’s freest labor markets. Research free labor markets around the world as well as your local labor market. What type of market exists in your local area? What are the pros and cons of a free labor market? Based on your research, reading and analysis, is there a need for government regulation?
The Data The real estate markets, around the United States, have been drastically changing since the...
The Data The real estate markets, around the United States, have been drastically changing since the housing crisis of 2008. Many experts agree that there has never been a time where the market was so friendly to low interests rates and home prices for prospective buyers. Your task, in this project, is to investigate the housing market in the county that you current reside. Objective 1 (35 points) Using the website, www.zillow.com, randomly select 35 homes and record the price...
Consider the markets for low-skilled and high-skilled labor in the United States. Describe how each of...
Consider the markets for low-skilled and high-skilled labor in the United States. Describe how each of the following developments is likely to affect the wages of low-skilled workers relative to high-skilled workers. a) There is an increased demand for apps and smart appliances, which are produced by high-skilled workers. b) The government pays employers a subsidy for each low-skilled worker they employ. c) Some low-skilled workers get more education, and so become high-skilled workers.
Two of the world’s largest economies, that is, the United States (U.S.) and China are presently...
Two of the world’s largest economies, that is, the United States (U.S.) and China are presently involved in a trade dispute whereby the US is threatening to raise tariffs on $200 billion worth of Chinese exports. The position of the US is that they will be taking in billions of dollars in tariffs from this increase. In its retaliation, China’s Finance Ministry announced that it would raise tariffs on a wide range of American goods to 20% or 25% from...
7) Consider the markets for low-skilled and high-skilled labor in the United States. Draw two graphs...
7) Consider the markets for low-skilled and high-skilled labor in the United States. Draw two graphs how each of the following is likely to affect the wages of low-skilled workers relative to high-skilled workers. a) Suppose that the government decided to approve more H-1B visa for high-skilled workers. In other words, more high-skilled workers come to the U.S. from foreign countries. b) The aging of the U.S. population increases the demand for services such as home health care, home maintenance,...
Technology has been very important to agricultural markets for the United States and has made it...
Technology has been very important to agricultural markets for the United States and has made it a very large food-producing nation in the world. When looking at the money that the US government spends on agricultural markets with the subsidies that they provide, do you think there could be other options for the money spent? How can you measure the inefficiency of the subsidies that are provided in the market?
Scenario: Around September, one year ago, an employee in the United States Government became a celebrated...
Scenario: Around September, one year ago, an employee in the United States Government became a celebrated anonymous whistleblower who disclosed the unethical dealings by the President of the United States. The whistleblower alleged that the President sought foreign interference in the US 2020 elections on a July phone call with the President of Ukraine, Volodymyr Zelensky. Requirement: Without digging into the facts of the case, discuss the laws surrounding the issue of whistleblowing and whether as the President alleged, the...
The United States military has a presence around the world, from Embassies, bases in foreign countries,...
The United States military has a presence around the world, from Embassies, bases in foreign countries, and detachments linked with allied nations’ military. Likewise, there are private security contractors worldwide, both in places with a U.S. military presence, as well as places with little to no U.S. military presence. In a 500-word response, differentiate between the role of private security contractors operating outside the United States with the role of military personal outside U.S. borders. Compare and contrast their roles...
Insomnia has become an epidemic in the United States. Much research has been done in the...
Insomnia has become an epidemic in the United States. Much research has been done in the development of new pharmaceuticals to aide those who suffer from insomnia. Alternatives to the pharmaceuticals are being sought by sufferers. A new relaxation technique has been tested to see if it is effective in treating the disorder. Sixty insomnia sufferers between the ages of 18 to 40 with no underlying health conditions volunteered to participate in a clinical trial. They were randomly assigned to...
Insomnia has become an epidemic in the United States. Much research has been done in the...
Insomnia has become an epidemic in the United States. Much research has been done in the development of new pharmaceuticals to aide those who suffer from insomnia. Alternatives to the pharmaceuticals are being sought by sufferers. A new relaxation technique has been tested to see if it is effective in treating the disorder. Sixty insomnia sufferers between the ages of 18 to 40 with no underlying health conditions volunteered to participate in a clinical trial. They were randomly assigned to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT