Labour Problems: A Concise Theoretical Appraisal |
Common terms and phrases
accidents active adequate arbitration bargain theory basic basis benefits Beveridge buyers bycott capital co-operation collective bargaining competition compulsory concerned costs curves demand depression disability economic effects efficiency employed employers ensure equally fact factors full employment Hence higher wages imperfect Imperfect Competition increase interests Karl Marx Keynes Keynesian labour disputes Labour Economics labour market labour movement labour problems largely layoff leaders less machinery mainly marginal productivity marginal productivity theory ment minimum wage mobility of labour modern industry national income National Wage Policy NUMBER OF WORKERS organised labour output parties periods persons picketing political position possible programmes proved question relations result right to strike schemes seek serve short-run shorter hours sickness Sir William Beveridge social insurance social security society standard of living tend theory of wages tion trade unions unemployed various wage differentials wage rates wage-levels wage-rate welfare workmen