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Definition. Karl Marx defined socialization as a general phenomenon where the labor process comes to embody the capabilities and constraints developed in society as opposed to private experiences, with objective socialization of the forces of production being the deepening of the social division of labor including specialization of skills and deepening interdependence between industries and ...
Unemployment should be aimed to be reduced to 3%. Beveridge claimed that the upward pressure on wages, due to the increased bargaining strength of labour, would be eased by rising productivity, and kept in check by a system of wage arbitration. The cooperation of workers would be secured by the common interest in the ideal of full employment.
Another way of articulating the definition of social exclusion is as follows: Social exclusion is a multidimensional process of progressive social rupture, detaching groups and individuals from social relations and institutions and preventing them from full participation in the normal, normatively prescribed activities of the society in which ...
e. Surplus labour ( German: Mehrarbeit) is a concept used by Karl Marx in his critique of political economy. It means labour performed in excess of the labour necessary to produce the means of livelihood of the worker ("necessary labour"). The "surplus" in this context means the additional labour a worker has to do in their job, beyond earning ...
The insider-outsider theory is a theory of labor economics that explains how firm behavior, national welfare, and wage negotiations are affected by a group in a more privileged position. [1] The theory was developed by Assar Lindbeck and Dennis Snower in a series of publications beginning in 1984. [1] [2] [3] Wages set by insiders [4] The ...
Moreover, by definition, the objective interests of classes are fundamentally in opposition; consequently, these opposing interests and consciousnesses eventually lead to class conflict. Marx first saw the development of class conflict confined to individual factories and capitalists.
Efficiency wage. The term efficiency wages (also known as "efficiency earnings") was introduced by Alfred Marshall to denote the wage per efficiency unit of labor. [1] Marshallian efficiency wages are those calculated with efficiency or ability exerted being the unit of measure rather than time. [1] That is, the more efficient worker will be ...
Added worker effect. The added worker effect refers to an increase in the labor supply of married women when their husbands become unemployed. Underlying the theory is the assumption that married women are secondary workers with a less permanent attachment to the labor market than their partners. As statistics show, married women do not always ...