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The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation).Individuals, organisations, and nations are endowed with or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own.
In the 1970s, following the civil rights movement, the Labor Department under Secretary George P. Shultz made a concerted effort to promote racial diversity in unions. [11] In 1978, the Department of Labor created the Philip Arnow Award, intended to recognize outstanding career employees such as the eponymous Philip Arnow. [12]
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In economics, the new international division of labour (NIDL) is an outcome of globalization.The term was coined by theorists seeking to explain the spatial shift of manufacturing industries from advanced capitalist countries to developing countries—an ongoing geographic reorganisation of production, which finds its origins in ideas about a global division of labor. [1]
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The Bureau of International Labor Affairs was formed October 10, 1947, during the administration of President Harry S. Truman under the direction of Lewis B. Schwellenbach as a means to formally institutionalize the international directives of the Department of Labor. [4]
United States Department of Labor publications (1 C, 5 P) Pages in category "United States Department of Labor" The following 37 pages are in this category, out of 37 total.
The social division of labor also creates trade markets and prices, which operate in part by comparing the cost and time required to make each product. This type of relationship can be socially and economically advantageous; however, too much specialization can also lead to major disadvantages.