Thursday, January 30, 2020

Industrial Relations Essay Example for Free

Industrial Relations Essay Industrial relations has three faces: science building, problem solving, and ethical. [9] In the science building phase, industrial relations is part of the social sciences, and it seeks to understand the employment relationship and its institutions through high-quality, rigorous research. In this vein, industrial relations scholarship intersects with scholarship in labor economics, industrial sociology, labor and social history, human resource management, political science, law, and other areas. Industrial relations scholarship assumes that labor markets are not perfectly competitive and thus, in contrast to mainstream economic theory, employers typically have greater bargaining power than employees. Industrial relations scholarship also assumes that there are at least some inherent conflicts of interest between employers and employees (for example, higher wages versus higher profits) and thus, in contrast to scholarship in human resource management and organizational behavior, conflict is seen as a natural part of the employment relationship. Industrial relations scholars therefore frequently study the diverse institutional arrangements that characterize and shape the employment relationship—from norms and power structures on the shop floor, to employee voice mechanisms in the workplace, to collective bargaining arrangements at company, regional, or national level, to various levels of public policy and labor law regimes, to varieties of capitalism (such as corporatism, social democracy, and neoliberalism). When labor markets are seen as imperfect, and when the employment relationship includes conflicts of interest, then one cannot rely on markets or managers to always serve workers’ interests, and in extreme cases to prevent worker exploitation. Industrial relations scholars and practitioners therefore support institutional interventions to improve the workings of the employment relationship and to protect workers’ rights. The nature of these institutional interventions, however, differ between two camps within industrial relations. 10] The pluralist camp sees the employment relationship as a mixture of shared interests and conflicts of interests that are largely limited to the employment relationship. In the workplace, pluralists therefore champion grievance procedures, employee voice mechanisms such as works councils and labor unions, collective bargaining, and labor-management partnerships. In the policy arena, pluralists advocate for minimum wage laws, occupational health and safety standards, international labor standards, and other employment and labor laws and public policies. 11] These institutional interventions are all seen as methods for balancing the employment relationship to generate not only economic efficiency, but also employee equity and voice. [12] In contrast, the Marxist-inspired critical camp sees employer-employee conflicts of interest as sharply antagonistic and deeply embedded in the socio-political-economic system. From this perspective, the pursuit of a balanced employment relationship gives too much weight to employers’ interests, and instead deep-seated structural reforms are needed to change the sharply antagonistic employment relationship that is inherent within capitalism. Militant trade unions are thus frequently supported. History Industrial relations has its roots in the industrial revolution which created the modern employment relationship by spawning free labor markets and large-scale industrial organizations with thousands of wage workers. [9] As society wrestled with these massive economic and social changes, labor problems arose. Low wages, long working hours, monotonous and dangerous work, and abusive supervisory practices led to high employee turnover, violent strikes, and the threat of social instability. Intellectually, industrial relations was formed at the end of the 19th century as a middle ground between classical economics and Marxism, with Sidney Webb and Beatrice Webb’s Industrial Democracy (1897) being the key intellectual work. Industrial relations thus rejected the classical econ. Institutionally, industrial relations was founded by John R. Commons when he created the first academic industrial relations program at the University of Wisconsin in 1920. Early financial support for the field came from John D. Rockefeller, Jr. ho supported progressive labor-management relations in the aftermath of the bloody strike at a Rockefeller-owned coal mine in Colorado. In Britain, another progressive industrialist, Montague Burton, endowed chairs in industrial relations at Leeds, Cardiff and Cambridge in 1930, and the discipline was formalized in the 1950s with the formation of the Oxford School by Allan Flanders and Hugh Clegg. [13] Industrial relations was formed with a strong p roblem-solving orientation that rejected both the classical economists’ laissez faire solutions to labor problems and the Marxist solution of class revolution. It is this approach that underlies the New Deal legislation in the United States, such as the National Labor Relations Act and the Fair Labor Standards Act. Industrial relations scholars have described three major theoretical perspectives or frameworks, that contrast in their understanding and analysis of workplace relations. The three views are generally known as unitarism, pluralist and radical. Each offers a particular perception of workplace relations and will therefore interpret such events as workplace conflict, the role of unions and job regulation differently. The radical perspective is sometimes referred to as the conflict model, although this is somewhat ambiguous, as pluralism also tends to see conflict as inherent in workplaces. Radical theories are strongly identified with Marxist theories, although they are not limited to these. Pluralist perspective In pluralism, the organization is perceived as being made up of powerful and divergent sub-groups, each with its own legitimate loyalties and with their own set of objectives and leaders. In particular, the two predominant sub-groups in the pluralist perspective are the management and trade unions. Consequently, the role of management would lean less towards enforcing and controlling and more toward persuasion and co-ordination. Trade unions are deemed as legitimate representatives of employees, conflict is dealt by collective bargaining and is viewed not necessarily as a bad thing and, if managed, could in fact be channeled towards evolution and positive change. Unitarist perspective In unitarism, the organization is perceived as an integrated and harmonious whole with the ideal of one happy family, where management and other members of the staff all share a common purpose, emphasizing mutual cooperation. Furthermore, unitarism has a paternalistic approach where it demands loyalty of all employees, being predominantly managerial in its emphasis and application. Consequently, trade unions are deemed as unnecessary since the loyalty between employees and organizations are considered mutually exclusive, where there cant be two sides of industry. Conflict is perceived as disruptive and the pathological result of agitators, interpersonal friction and communication breakdown. Marxist/Radical perspective This view of industrial relations looks at the nature of the capitalist society, where there is a fundamental division of interest between capital and labour, and sees workplace relations against this background. This perspective sees inequalities of power and economic wealth as having their roots in the nature of the capitalist economic system. Conflict is therefore seen as inevitable and trade unions are a natural response of workers to their exploitation by capital. Whilst there may be periods of acquiescence, the Marxist view would be that institutions of joint regulation would enhance rather than limit managements position as they presume the continuation of capitalism rather than challenge it Industrial relations today By many accounts, industrial relations today is in crisis. 14][15][16] In academia, its traditional positions are threatened on one side by the dominance of mainstream economics and organizational behavior, and on the other by postmodernism. In policy-making circles, the industrial relations emphasis on institutional intervention is trumped by a neoliberal emphasis on the laissez faire promotion of free markets. In practice, labor unions are declining and fewer companies have industrial relations functions. The number of academic programs in industrial relations is therefore shrinking, and scholars are leaving the field for other areas, especially human resource management and organizational behavior. The importance of work, however, is stronger than ever, and the lessons of industrial relations remain vital. The challenge for industrial relations is to re-establish these connections with the broader academic, policy, and business worlds.

Wednesday, January 22, 2020

Analysis of A.E. Housman’s Terence, this is stupid stuff Essay

A.E. Housman’s â€Å"Terence, this is stupid stuff† is a poem that starts out as a friend of Terence talking to him, but it then shifts to Terence talking to his friends. Then shifts from a humorous tone to a more serious tone. It also shifts in setting, time, place, and idea. This poem demonstrates figurative language which is language employing figures of speech; language that cannot be taken literally or only literally. This poem also has several different poetic devices, which is a device that contributes to content and poetic structure that does not involve meaning in term of language. This poem in certain lines is very hard to follow without knowing the background.   Ã‚  Ã‚  Ã‚  Ã‚  The first verse of this poem Terence friend is speaking to him about how sad all his poems are; all of them are about death. His friend is telling him he needs to lighten up and get drunk. His friend says, â€Å"It gives a chap the belly-ache. . .To hear such tunes as killed the cow†. Terence’s friend is referring to Terence’s poetry. He is also referring to his poetry that it killed the cow because it was so sad. These are both an example of a hyperbole (overstatement) that is a figure of speech in which exaggeration is used in the service of truth. All the verses in this poem have a rhythm, which is any wavelike recurrence of motion or sound. The rhythm is eight beats per line.   Ã‚  Ã‚  Ã‚  Ã‚  The second verse in the poem Terence is talking to his friends about getting drunk and having a good time. He also say... Analysis of A.E. Housman’s Terence, this is stupid stuff Essay A.E. Housman’s â€Å"Terence, this is stupid stuff† is a poem that starts out as a friend of Terence talking to him, but it then shifts to Terence talking to his friends. Then shifts from a humorous tone to a more serious tone. It also shifts in setting, time, place, and idea. This poem demonstrates figurative language which is language employing figures of speech; language that cannot be taken literally or only literally. This poem also has several different poetic devices, which is a device that contributes to content and poetic structure that does not involve meaning in term of language. This poem in certain lines is very hard to follow without knowing the background.   Ã‚  Ã‚  Ã‚  Ã‚  The first verse of this poem Terence friend is speaking to him about how sad all his poems are; all of them are about death. His friend is telling him he needs to lighten up and get drunk. His friend says, â€Å"It gives a chap the belly-ache. . .To hear such tunes as killed the cow†. Terence’s friend is referring to Terence’s poetry. He is also referring to his poetry that it killed the cow because it was so sad. These are both an example of a hyperbole (overstatement) that is a figure of speech in which exaggeration is used in the service of truth. All the verses in this poem have a rhythm, which is any wavelike recurrence of motion or sound. The rhythm is eight beats per line.   Ã‚  Ã‚  Ã‚  Ã‚  The second verse in the poem Terence is talking to his friends about getting drunk and having a good time. He also say...

Tuesday, January 14, 2020

Power and Control in Hawk Roosting Essay

GRADE G In Shakespeare’s play a man called Macbeth kills the king to get his power. Ted Hughes’s poem ‘Hawk Roosting’ is about a hawk who thinks he is powerful. GRADE F In _Macbeth_ Shakespeare writes about Macbeth and Lady Macbeth who have a plan to kill the king and take over. â€Å"Hail, King thou shalt be.† Ted Hughes writes about a hawk and how powerful he is: â€Å"My manners are tearing off heads.† GRADE E Shakespeare shows that Lady Macbeth wants to be a powerful character because she wants to kill the king so that Macbeth can become the new king: ‘You can putt this night’s great business into my dispatch.† Ted Hughes also writes about power, but from the point of view of a hawk. We know that the hawk has a high opinion of itself: ‘I kill where I please because it is all mine.’ GRADE D The theme of power/ambition is explored in _Macbeth_ and ‘Hawk Roosting.’ Shakespeare focuses on Lady Macbeth’s relationship with Macbeth. When Lady Macbeth learns about the witches’ prophecy that Macbeth will become king, she hatches a plan to make it happen. Ted Hughes also writes about ambition because the hawk in the poem wants to be the best: â€Å"Now I hold Creation in my foot.† A difference between them is that the hawk is very confident about his own power, but Macbeth is too  loyal to the king to be able to reach his ambition.: â€Å"We will proceed no further in this business. He hath honoured me of late.† Lady Macbeth is more ambitious than her husband. GRADE C Ted Hughes’s poem ‘ Hawk Roosting’ shows the world as seen from a hawk’s point of view. The hawk seems very determined and powerful. Shakespeare also presents the theme of power and determination, but the difference is that he presents is with a husband and wife who plot to murder the king and take his crown. The hawk also has thoughts of murder: ‘in sleep rehearse perfect kills’. The word ‘rehearse’ suggests that the hawk enjoys killing, and practises to make himself perfect – even when asleep. This also suggests that he is proud of himself. Similarly, in _Macbeth_ Lady Macbeth is proud of her ambitious nature: ‘O never/Shall sun that morrow see.’ She has murderous thoughts and she will kill the king that night. GRADE B _Macbeth_ and ‘Hawk Roosting’ both seem to be about power and ambition. In ‘Hawk Roosting’ the speaker is a hawk who describes his view of the world: ‘The earth’s face upward for my inspection.’ This image suggests how the hawk is very confident that the world is there to suit his needs. It is in the form of a statement, which adds to the feelings of the hawk’s confidence. Lady Macbeth is also very powerful at the beginning of the play. She wants Macbeth to entertain the guests while she prepares to kill King Duncan. When hatching the plan, she says to her husband, ‘Leave all the rest to me’. This implies that she feels that she is more capable to commit the crime than Macbeth. The audience will see her as more ambitious at this point. GRADE A Although _Macbeth_ and ‘Hawk Roosting’ differ in form, there are distinct links that can be drawn between them. They both concern power and ambition  and how a character’s persona is formed by their self-belief, and what they are prepared to do to achieve their aims. In both texts we are given an insight into the characters’ innermost thoughts. In ‘Hawk Roosting’, because the poem is written in the first person, in the form of a dramatic monologue, we gain a great insight into the speaker’s confidence. The hawk starkly portrays how he feels that the world is there for his ‘convenience’. He arrogantly describes how the ‘air’s buoyancy’ and ‘sun’s ray’ are ‘of advantage’ to him. Similarly, Lady Macbeth initially believes that the crown is her right, and shows her desire for achieving it: ‘Take my milk for gall, you murd’ring ministers.’ The fact that she is calling on spirits to give her the strength to act implies that she will stop at nothing to achieve her aim. An audience may view this as a shocking, evil and ruthlessly ambitious act. GRADE A* _Macbeth_ and ‘Hawk Roosting’ share some common ground in that they are concerned with the unpleasant side of power and ambition. The main characters in both texts appear to be overly confident and assured. ‘Hawk Roosting’ is a dramatic monologue spoken by a non-human voice, a hawk. We are provided with a series of images which depict the hawk’s arrogance and pride. Indeed. The hawk is brimming with superiority: ‘It took the whole of Creation/To produce my foot, my each feather.’ The hawk is seemingly bragging and delighting in how magnificent it appears. This can be directly compared to Lady Macbeth. The way she belittles her husband, referring to him as ‘afeard’ and ‘a coward’ reveals her merciless ambition to become queen. She, like the hawk, feels that she deserves to be ‘great’, and wants her husband to share the power; he calls her ‘My dearest partner of greatness.’ COMPARING _MACBETH_ AND _HAWK ROOSTING_ – SAMPLE ANSWERS (THEME = POWER AND AMBITION) 1. Although _Macbeth_ and ‘Hawk Roosting’ differ in form, there are distinct links that can be drawn between them. They both concern power and ambition and how a character’s persona is formed by their self-belief, and what they are prepared to do to achieve their aims. In both texts we are given an insight into the characters’ innermost thoughts. In ‘Hawk Roosting’, because the poem is written in the first person, in the form of a dramatic monologue, we gain a great insight into the speaker’s confidence. The hawk starkly portrays how he feels that the world is there for his ‘convenience’. He arrogantly describes how the ‘air’s buoyancy’ and ‘sun’s ray’ are ‘of advantage’ to him. Similarly, Lady Macbeth initially believes that the crown is her right, and shows her desire for achieving it: ‘Take my milk for gall, you murd’ring ministers.’ The fact that she is calling on spirits to give her the strength to act implies that she will stop at nothing to achieve her aim. An audience may view this as a shocking, evil and ruthlessly ambitious act. 2. The theme of power/ambition is explored in _Macbeth_ and ‘Hawk Roosting.’ Shakespeare focuses on Lady Macbeth’s relationship with Macbeth. When Lady Macbeth learns about the witches’ prophecy that Macbeth will become king, she hatches a plan to make it happen. Ted Hughes also writes about ambition because the hawk in the poem wants to be the best: â€Å"Now I hold Creation in my foot.† A difference between them is that the hawk is very confident about his own power, but Macbeth is too loyal to the king to be able to reach his ambition: â€Å"We will proceed no further in this business. He hath honoured me of late.† Lady Macbeth is more ambitious than her husband. 3. _Macbeth_ and ‘Hawk Roosting’ both seem to be about power and ambition. In ‘Hawk Roosting’ the speaker is a hawk who describes his view of the world: ‘The earth’s face upward for my inspection.’ This image suggests how the hawk is very confident that the world is there to suit his needs. It is in the form of a statement, which adds to the feelings of the hawk’s confidence. Lady Macbeth is also very powerful at the beginning of the play. She wants Macbeth to entertain the guests while she prepares to kill King Duncan. When hatching the plan, she says to her husband, ‘Leave all the rest to me’. This implies that she feels that she is more capable to commit the crime than Macbeth. The audience will see her as more ambitious at this point. 4. Shakespeare shows that Lady Macbeth wants to be a powerful character because she wants to kill the king so that Macbeth can become the new king: ‘You can putt this night’s great business into my dispatch.† Ted Hughes also writes about power, but from the point of view of a hawk. We know that the hawk has a high opinion of itself: ‘I kill where I please because it is all mine.’ 5. _Macbeth_ and ‘Hawk Roosting’ share some common ground in that they are concerned with the unpleasant side of power and ambition. The main characters in both texts appear to be overly confident and assured. ‘Hawk Roosting’ is a dramatic monologue spoken by a non-human voice, a hawk. We are provided with a series of images which depict the hawk’s arrogance and pride. Indeed. The hawk is brimming with superiority: ‘It took the whole of Creation/To produce my foot, my each feather.’ The hawk is seemingly bragging and delighting in how magnificent it appears. This can be directly compared to Lady Macbeth. The way she belittles her husband, referring to him as ‘afeard’ and ‘a coward’ reveals her merciless ambition to become queen. She, like the hawk, feels that she deserves to be ‘great’, and wants her husband to share the power; he calls her ‘My dearest partner of greatness.’ 6. In _Macbeth_ Shakespeare writes about Macbeth and Lady Macbeth who have a plan to kill the king and take over. â€Å"Hail, King thou shalt be.† Ted Hughes writes about a hawk and how powerful he is: â€Å"My manners are tearing off heads.† 7. In Shakespeare’s play a man called Macbeth kills the king to get his  power. Ted Hughes’s poem ‘Hawk Roosting’ is about a hawk who thinks he is powerful. 8. Ted Hughes’s poem ‘Hawk Roosting’ shows the world as seen from a hawk’s point of view. The hawk seems very determined and powerful. Shakespeare also presents the theme of power and determination, but the difference is that he presents is with a husband and wife who plot to murder the king and take his crown. The hawk also has thoughts of murder: ‘in sleep rehearse perfect kills’. The word ‘rehearse’ suggests that the hawk enjoys killing, and practises to make himself perfect – even when asleep. This also suggests that he is proud of himself. Similarly, in _Macbeth_ Lady Macbeth is proud of her ambitious nature: ‘O never/Shall sun that morrow see.’ She has murderous thoughts and she will kill the king that night.

Monday, January 6, 2020

Inflation Cause, Effects and Remedies - 11320 Words

Inflation It’s causes, effect and remedies. By: Subrat Choudhury Inflation and Deflation I INTRODUCTION Inflation and Deflation, in economics, terms used to describe, respectively, a decline or an increase in the value of money, in relation to the goods and services it will buy. Inflation is the pervasive and sustained rise in the aggregate level of prices measured by an index of the cost of various goods and services. Repetitive price increases erode the purchasing power of money and other financial assets with fixed values, creating serious economic distortions and uncertainty. Inflation results when actual economic pressures and anticipation of future developments cause the demand for goods and services to exceed the supply available†¦show more content†¦This differs from the CPI in that price subsidization, profits, and taxes may cause the amount received by the producer to differ from what the consumer paid. There is also typically a delay between an increase in the PPI and any eventual increase in the CPI. Producer price index measures the pressure being put on producers by the costs of their raw materials. This could be passed on to consumers, or it could be absorbed by profits, or offset by increasing productivity. In India and the United States, an earlier version of the PPI was called the Wholesale Price Index. Commodity price indices, which measure the price of a selection of commodities. In the present commodity price indices are weighted by the relative importance of the components to the all in cost of an employee. Core price indices: because food and oil prices can change quickly due to changes in supply and demand conditions in the food and oil markets, it can be difficult to detect the long run trend in price levels when those prices are included. Therefore most statistical agencies also report a measure of core inflation, which removes the most volatile components (such as food and oil) from a broad price index like the CPI. Because core inflation is less affected by short run supply and demand conditions in specific markets, central ba nks rely on it to better measure the inflationary impact of current monetaryShow MoreRelatedInflation Cause, Effects and Remedies11309 Words   |  46 PagesInflation It’s causes, effect and remedies. By: Subrat Choudhury Inflation and Deflation I INTRODUCTION Inflation and Deflation, in economics, terms used to describe, respectively, a decline or an increase in the value of money, in relation to the goods and services it will buy. Inflation is the pervasive and sustained rise in the aggregate level of prices measured by an index of the cost of various goods and services. Repetitive price increases erode the purchasing power of money and otherRead MoreInflation1301 Words   |  6 PagesInflation, Types, Causes, Impacts and Remedies Inflation In  economics,  inflation  is a rise in the general  level of prices of goods and services in an  economy  over a period of time.  When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects an erosion in the  purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy  A chief measure of price inflation is the inflation rateRead MoreThe Keynesian Model Of Economics Essay897 Words   |  4 Pagesreserve, regulating the level of government expenditures, creating private property rights, and setting tax rates.† () A government will implement policies to help control, or in some case, help remedy an economic crisis. This essay will be inclusive of three governmental policies, implemented after 1970, to remedy and economic crisis, as well as evaluate the policies effectiveness. This essay will alp provide a brief explanation of how the Keynesian model of economics was applied to the economic crisesRead MoreThe International Economy And Its Far Reaching Financial Crises864 Words   |  4 Pagesthere is a need for an LOLR (international lender of last resort) due to the fact that international capital flows are not only immensely volatile but also influential in destabilizing other countries. Many argue that an LOLR can help mitigate the effects of instability and help countries facing a crisis to restabilize. In industrialized countries, domestic central banks have the ability to do this with the lender of last resort operation in which the central bank lends freely during a financial crisisRead MoreThe Impact Of Neoclassical Economics On The Economy Essay1344 Words   |  6 PagesEconomic theory. Smith suggested that minimal intervention should be required regarding government policy as the laws of supply and demand will be self-correcting. John Maynard Keynes was an important figure that worked to apply fi scal policy that would remedy an economic depression. Keynes’s idea of fiscal policy is the means by which government adjusts its spending levels and tax rates to monitor and influence the economy. Further, Keynes is known as the father of â€Å"Mixed Economy†, in which both the privateRead MoreEvaluating Fiscal Policy Alternatives1270 Words   |  6 Pages Fiscal policy is whenever the government changes government spending or taxation as a means of influencing the market economy. This change takes place to stimulate or to restrain inflation. Fiscal policy is the manipulation of trends in the economy by the government. The content of this paper will discuss the effects of the changes in fiscal policy based on the evaluating fiscal policy alternatives simulation. Well Ruled The first part of the simulation for the year 2xx6 showed the decisionRead MoreEconomic Effects of a Budget Deficit754 Words   |  4 PagesThe immediate effect of a budget deficit is the negative perception of the general public, both local and international, on the ability of government to manage its fiscal affairs which seriously impairs its financial and credit rating including its ability to borrow more money to service the country’s foreign debt. Government is unable then to forthwith address the deficit and, as in the Philippines, starts blaming everybody else but itself for its budgetary woes. Still, during times of a budgetRead MoreThe Monetary Policy Is The Rule Of The Interest Rate And Money Supply Of A Country957 Words   |  4 Pagesstability – low inflation – and, subject to that, to support the Government’s economic objectives including those for growth and employment. Price stability is defined by the Government’s inflation target of 2%† (Bank of England). One of the most influential econometrics tools to define monetary policy is the Taylor rule. â€Å"This rule sets the interest rate above or below some ‘neutral’ level to a degree which depends on (i) the difference between current inflation and target inflation, and (ii) theRead MoreThe Effects Of Inflation On The Economy1129 Words   |  5 Pagesago, many economists did not believe that inflation –the escalation of prices that makes the money to be less valuable in the market- (Newnan, Eschenbach, Lavelle, 2014) could rise together with unemployment beca use they stood in the wide belief of a direct relation between economic growth and employment. That is to say that when the nation’s economy is in its healthy moments, the rate of unemployment will decrease, and in the other part the inflation will increase because people have more incomeRead MoreUnemployment Trends around the World1521 Words   |  6 PagesReference Business Economics. Rob Dransfield, 2014, Routledge: London Office for national statistics. Release: regional labour market statistic, 19 march 2014 Structural unemployment in Western Europe: reasons and remedies. Edited by martin Werding. 2006. Massachusetts institute of technology. Unemployment in Europe: Problems and Policies. VALERIE SYMES, 1995, Routledge: London Youth studies, An Introduction. By Andy Foulong, 2013, Routledge: London References Crisis in Australia which way out. Edited