Jobs {labor} are essential to workers, but employers actually do not need that particular worker.
competition
Economies typically have surplus labor. Employers can hire and fire at will. Employer agreements can restrict competition for labor. Workers typically have limited knowledge of other available jobs. Governments and non-profit agencies can create job clearinghouses {unemployment office}. Governments, businesses, and non-profit agencies provide vocational training.
compensation
Manual laborers, semi-skilled workers, and skilled workers usually get wages. Managers and white-collar workers usually get weekly, monthly, or yearly salaries. Professionals get fees for services.
rules
Jobs have work rules, such as break times, regular hours, overtime rules, retirement, and temporary layoff periods. Jobs also have safety rules, promotion policies, and grievance procedures.
benefits
Many companies provide benefits, such as health insurance, eye insurance, dental insurance, life insurance, and accident insurance. Other benefits are vacations, sick leave, and bereavement leave.
labor problems
Problems with work are boredom, powerlessness, no craft, meaninglessness, isolation, and alienation.
Social Sciences>Economics>Microeconomics>Production>Factors>Labor
6-Economics-Microeconomics-Production-Factors-Labor
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Date Modified: 2022.0224