"Stop slacking off!" Your parents may have said this to you when you were deep into a video-gaming marathon. Or maybe your roommate said it to you when you were lounging on the couch scrolling through Instagram. You may have even said it to yourself on days you did nothing. But what is so bad about slacking? Could it be that there's nothing bad about not making yourself useful? Against our hyper-productivity culture, Alison Suen critically interrogates our disapproval of slackers-individuals who do the bare minimum just to get by. She offers a taxonomy of slackers, analyzes common objections to slacking, and argues that each of these objections either fails or carries problematic assumptions. But while this book defends slacking, it does not promote the slacker lifestyle as the key to something better (such as cultural advancement and self-actualization), as some pro-leisure scholars have argued. In fact, Suen argues that slacking is unique precisely because it serves no noble cause. Slacking is neither a deliberate protest to social ills nor is it a path to autonomy. Slackers just slack. By examining the culture of hyper-productivity, Suen argues that it is in fact OK to be a slacker. Key Features Demonstrates the uniqueness of slacking, via a critical examination of six distinct "pro-leisure" philosophical accounts. Articulates a taxonomy of slackers, as well as in-depth examinations of Hollywood slackers and slackers in academia. Examines common objections to slacking (like the freeloading problem), and offers a rebuttal to each of them. Offers an understanding of our productivity culture from an existential perspective.

This book examines the linkages between exchange rates and India's merchandise trade since the 1990s. It looks at India's trade in the post-liberalisation period through its two main components: commodities and trading partners, and provides a bird's eye view through aggregate analyses accompanied by a historical narrative of the evolution of trade and exchange rate dynamics. Presenting a comprehensive analysis of bilateral and product-specific trade, the book explores the impact of exchange rate on labour intensive sectors and charts out major development. It also offers compelling evidence to suggest that if some commodities are identified as integral to India's export plans, then the impact of exchange rate must be weighed by the Reserve Bank of India (RBI) prior to a market intervention. This timely volume will be of interest to scholars and researchers of economics, business and finance, development studies, trade, business, and industry as well as practitioners, think-tanks, and policy makers.

A collection of essays by economists and political scientists, each with an interest in Austrian school arguments, Basic Income and the Free Market confronts the Basic Income Guarantee (BIG) concept. It outlines Austrian arguments for and against the BIG; critiques of Austrian theory from market-socialist and post-Keynesian perspectives that lead to defense of the BIG; critiques of BIG that consider Austrian and other heterodox theory; comparisons of the policy to proposals by others, such as Milton Friedman's negative income tax; pragmatic arguments for the policy; and proposals which discuss complex systems theory (which is embraced by 'left' and 'right' thinkers alike) and its relationship to Hayek's spontaneous order. The collection opens a dialog between Austrian and other heterodox economists as well as between 'classical liberal, ' libertarian, and left-leaning or socialist political scientists and policymakers. The authors discuss whether the BIG could offer an alternative to both laissez-faire and existing welfare systems in developed countries, which are often criticized by both advocates and critics of laissez-faire, opening a constructive dialog in policy discussion. Included in this discussion is a systematic critique of pure laissez-faire interpretations of Austrian theory, and the analysis of the addition of a BIG to pure laissez-faire in the place of existing interventionist systems. Proposals making this case form the first section, followed by rebuttals and proposals against the policy, and rejoinders.

In this book, the future of one of the world's most important industries is examined from the perspective of work structures and labour relations policies. The authors examine the restructuring of the world automobile industry in the 1980s, and draw data from an in-depth empirical study of three leading car companies in three different countries: the United States, the United Kingdom and Germany. They demonstrate that the different strategies employed by firms and trades unions in industrial relations, and different national characteristics, have had a major impact on the dismantling of Taylorism and Fordism and the introduction of new structures of work. This book is an important contribution to the study of change in mass production industries throughout the world. It will be of interest to students of industrial relations and industrial sociology, as well as specialists in government and business.

German and European immigration policies have only recently begun to cope with the inevitable: growing labor demand in the face of high unemployment and a shrinking labor force due to demographic change. Despite the implementation of Germany's first immigration act and several European initiatives towards legal harmonization at the EU level, an actively controlling immigration policy, which would be needed to master the challenges ahead, is not yet in sight. Against this background, the book draws conclusions from the German history of immigration policy. It analyzes the country's future demand for immigration and develops an economic model for the effective selection and integration of labor migrants that could provide the foundation for a joint European immigration strategy.

This volume contains new important research on worker well-being in a changing economy. Topics include employee compensation, human capital investment, women's wages, unemployment, and the effects of government policies. Among the questions answered are: Does free-trade (particularly regarding NAFTA) affect women's wages relative to men's? Can guaranteeing college scholarships raise high school students' grade-point averages? Does increasing wage dispersion within a plant induce workers to put out more effort; or does it decrease comradery among employees, thereby lowering productivity? Does deferring worker pay really affect productivity on the job? Do firms manipulate fringe benefits (job characteristics) to adequately compensate workers for dangerous jobs? Do business cycles influence the terms of effort-enhancing labor contracts? How can workers signal their potential quality when displaced by plant closings? How severe are the detrimental effects of long-term joblessness? And finally, how do changes in welfare laws affect recipients' time allocation at home?

The transformation of China's economy from a centrally planned to a market-oriented system has had a profound impact on management systems and practices at the firm level, particularly changes to the organization of work. One of the consequences of this is increasing social disparity reflected through inequality of employees' income and employment conditions. This book, based on extensive original research including interviews and questionnaire surveys in different regions of China, explores the exact nature of these changes and their effects. It examines state-owned enterprises, foreign-owned enterprises and domestic private enterprises, discusses the extent to which employees are satisfied with their employment conditions and whether they think their employment conditions are fair and outlines how managers and employees in China expect conditions to change in future.

Dwindling innovation and deteriorating economic conditions are caused by a major force, a systemic shift in the American economy. In this gripping book, Dr. Samli makes the case that the US economy is shifting for the worse, tilting towards a finance-driven economy, and argues that investing in innovation will bring us out of the recession and back to a successful, market-driven economy. While the US is cost-cutting by sending jobs abroad, reducing education budgets, and redirecting government funds to military involvement, American innovation has been suffering and stifled. Dr. Samli explores the roots of the recession from this viewpoint and offers an 'innovative' solution for disciplining economic, political, and social activities to come out of the recession and restore the tilt towards the 99-percent.

First published in 1920. This study examines the science of industrial work and the advances in its application to the economic life of the community. The author commences this volume with a brief explanation of the general principles of Theoretical Mechanics which have been applied in the study of the Human Motor. Space has also been devoted to the explanation of the laws of thermo-dynamics and of the Conservation of Energy. These provide the reader with the means by which muscular work and fatigue can be measured. This title will be of interest to students of economics and business.

Over the past few decades, the world economy has undergone radical transformations, in part connected to the expansion of the 'digital economy', in part to the growing interconnection via the internet of the world of objects and physical processes. This 'great transformation' poses the dilemma on the capitalism's ability to reconcile economic and social value, keeping together economic well-being, social cohesion and political freedom. The Economy of Collaboration can offer a contribution in this direction but requires courageous policies to mediate the various interests at stake, as well as to rethink and make more sustainable its development, by increasing the benefits not only for businesses but also for workers and consumers. In short, to create shared value. This book refers to a mode of organizing the production, distribution and consumption of goods and services based on cooperative relations. The main reference is to activities linked to the digital economy, since they are the emerging forms of a definitely older phenomenon, but which is expanding on an ever-wider scale thanks to new technologies. These collaborative activities can be regulated differently, along a continuum that ranges from the pole of market exchanges to that of generalized reciprocity, with various intermediate mixed forms.

Artificial intelligence and the autonomous robots of the Fourth Industrial Revolution will render certain jobs and competences obsolete but will also create new roles, which in turn require new sets of skills. They will also transform how we produce, distribute and consume, as well as how we think. Rather than a linear understanding of evolutionary processes, we will develop a more interactive and circular interpretation. This book offers a unique and holistic perspective on the future of work in the context of industry 4.0. It discusses the globalization of capital markets, how artificial intelligence can help organizations to be more competitive and the new role of leadership in this technological landscape. The author argues that there are four categories of competences, which will be required in order to maintain the relevance of human skills and expertise in the innovation economy. The new jobs that come into being will lend themselves to a particular set of skills. General competences will be necessary for roles involving the 4Cs of communication, creativity, collaboration and change. Specific or STEM competences will be called for across the science, technology, engineering and mathematics sectors. Human competences will lend themselves to positions comprising the SELC framework of social, emotional, leadership and cultural skills. Critical or REVE competences will be in demand for roles embracing reflection, ethics, values and the environment. The book provides a human-centric view of the current technological advancements of artificial intelligence and robotics and offers a positive outlook for human actors seeking continued relevance. It will appeal to scholars and students of the innovation economy, the knowledge society and the coming Fourth Industrial Revolution.

This book presents statistical methods for analysis of the duration of events. The primary focus is on models for single-spell data, events in which individual agents are observed for a single duration. Some attention is also given to multiple-spell data. The first part of the book covers model specification, including both structural and reduced form models and models with and without neglected heterogeneity. The book next deals with likelihood based inference about such models, with sections on full and semiparametric specification. A final section treats graphical and numerical methods of specification testing. This is the first published exposition of current econometric methods for the study of duration data.

This book examines unemployment insurance policy through a survey, taking stock of the theoretical work in the field of labor economics. It closely follows and assesses developments in the modelling of optimal unemployment insurance (UI) policies, beginning with the initial analytical findings produced in the second half of the 1970s. A main part of the survey is devoted to the two basic strands of analysis about, respectively, the optimal level of UI benefits and the optimal time profile of UI policy. The book has two different objectives. The first is to provide an essential summary of the individual models, with the intention of underscoring how a number of specific messages for the policy-maker can be derived from analytical constructions. It further emphasizes and comments on what the models deliver to UI policy-makers. The second objective is to stress the importance and extension of open questions in the field of the theoretical approach to the unemployment insurance issue. The survey discusses the multiplicity of heterogeneities of the labor world in particular as relevant for UI issues on the one side, and on the other hand, the independence of the two basic choices of UI policy, its meaning and its limits, and the possible forms of complementarity between these choices. The book is a must-read for researchers, students, and policy-makers interested in a better understanding of the field of labor economics in general, as well as unemployment insurance policies in particular.

Originally published in 1992, this book examines the development of employers' human resource management and industrial relations policies in Britain. It adopts a broad historical perspective, beginning with the inheritance from the nineteenth century and ending with an analysis of human resource management policies. It focuses on how managers organise the employment relationship, how they control work relations, and how they deal with trade unions and industrial relations. The author examines these in the context of the market within which the firm operates, and the strategy, structure and hierarchy of industrial enterprise. The book shows that historically British employers tended to adopt market-based strategies rather than internal ones.

Avoiding prejudice will be critical to economic success in the fourth industrial revolution. It is not the new and innovative technology that will matter in the next decade, but what we do with it. Using technology properly, with diverse decision making, is the difference between success and failure in a changing world. This will require putting the right person in the right job at the right time. Prejudice stops that happening. Profit and Prejudice takes us through the relationship between economic success and prejudice in labour markets. It starts with the major changes that occur in periods of economic upheaval. These changes tend to be unpopular and complex - and complexity encourages people to turn to the simplistic arguments of 'scapegoat economics' and prejudice. Some of the changes of the fourth industrial revolution will help fight prejudice, but some will make it far worse. The more prejudice there is, the harder it will be for companies and countries to profit from the changes ahead. Profit is not the main argument against prejudice, but can certainly help fight it. This book tells a story of the damage that prejudice can do. Using economics without jargon, students, investors and the public will be able to follow the narrative and see how prejudice can be opposed. Prejudice is bad for business and the economy. Profit and Prejudice explains why.

More than 190 million children under 15 are working in the world today. Academic and policy research on child labor and related questions about how children spend their time in low income countries has boomed in recent years. This volume contains fresh knowledge to help better understand the relationship between child labor and the transition between school and work. It contains 11 original research papers by authors from Africa, Asia, Latin America as well as the United States and Europe. These papers offer insights and answers to issues such as: how to measure child labor; how the returns to education in the adult labor market affect children's school enrollment; how cash transfer programs affect schooling and children's participation in market and non-market activities; how child labor and schooling affect health; why children participate in activities that are labeled worst forms of child labor; how children's time is allocated along gender lines; what role local labor demand plays in shaping the work and schooling decisions of children; and, how many hours of work can be undertaken before negative effects on school attendance are observed.

Emerging in the throes of a global pandemic that threatens Europe's economies and food security, International Labour Migration to Europe's Rural Regions combines a diverse range of empirically rich, in-depth case studies, analysis of their rural context specificities, and insights from labour market and migration theories, to critically examine the conditions and implications of rural labour migration. Despite its growing political, economic and social importance, our understanding of international labour migration to Europe's rural regions remains limited. This edited volume provides intricate descriptions of lived experience, critical theoretical analyses, analytical synthesis, and policy recommendations for this novel and developing phenomenon that has the potential to transform the lives of international migrants and local communities. The book's 25 authors represent a wide range of social science disciplines, with coverage of a vast range of Europe's rural regions, and diverse types of rural labour in areas such as horticulture, shepherding, wild berry picking and fish processing. The volume will be of interest to policy makers at local, regional, national and European levels, and scholars and students in a broad range of areas, including migration, labour markets, and rural studies. This book is available for free in PDF format as Open Access from the individual product page at www.routledge.com.

First published in 1997, this volume responds to a world in the midst of a telecommunications revolution. What this means is that societies throughout the world are now provided with new opportunities to solve nagging problems. One problem which is the focus of this book is the continual pockets of poverty that exist in countries around the world. In this regard, welfare reform has been slow in coming as nations struggle for allocating limited resources for meeting the needs of all citizens within its boundaries. This book describes a welfare model that is quite innovative, imaginative, but also practical. It can be readily implemented in any country in the world, although the example used in this book is that of one country. The welfare reform model suggested here is all about freedom, opportunity and equity. At its conclusion, it challenges the reader to take welfare reform to the next level.

After three decades of economic reform, China is experiencing substantial demographic changes and a steady structural transformation toward a market economy. These phenomena pose major challenges for the Chinese labor market, which are at the center of the booming academic and policy research in recent years. This volume presents fresh knowledge on labor market issues in China. It contains eight original research articles which offer insights and answers to question such as: Which are the most important challenges of the Chinese labor market? How does rural-urban migration affect occupational choice in rural China? Does urban occupational mobility differ across gender? Which is the cost of job displacement in urban labor markets? Is over-qualification affecting the hiring probability across educational groups? How does the social insurance system perform in terms of coverage of urban workers? Which are the incentive problems in the new rural pension program?

A deeply personal call to action for women of color to find power from within and to join together in community, advocating for a new corporate environment where we all belong-and are accepted-on our own terms. Women of color comprise one of the fastest-growing segments in the corporate workforce, yet often we are underrepresented-among the first, few, or only ones in a department or company. For too long, corporate structures, social zeitgeist, and cultural conditioning have left us feeling exhausted and downtrodden, believing that in order to "fit in" and be successful, we must hide or change who we are. As a former senior partner at a large global services firm, Deepa Purushothaman experienced these feelings of isolation and burnout. She met with hundreds of other women of color across industries and cultural backgrounds, eager to hear about their unique and shared experiences. In doing so, she has come to understand our collective setbacks-and the path forward in achieving our goals. Business must evolve-and women of color have the potential to lead that transformation. We must begin by pushing back against toxic messaging-including the things we tell ourselves-while embracing the valuable cultural viewpoints and experiences that give us unique perspectives at work. By fully realizing our own strengths, we can build collective power and use it to confront microaggressions, outdated norms, and workplace misconceptions; create cultures where belonging is never conditional; and rework corporations to be genuinely inclusive to all. The First, the Few, the Only is a road map for us to make a profound impact within and outside our organizations while ensuring that our words are heard, our lived experiences are respected, and our contributions are finally valued.

The contributors to this edited collection argue that a flexible Job Guarantee program able to react to an economy's fluctuating need for work would stabilize the labor standard, the value of employment in relation to money. During economic downturns, the program would expand to provide more public sector jobs in response to private sector layoffs. It would then contract when economic growth offered private sector employment opportunities. This flexible full employment program would create a balanced, perpetually active labor force, providing the macroeconomic stability necessary to define a functioning labor standard. Just as the gold standard measured the worth of money against gold reserves, John Maynard Keynes argued, so a labor standard ought to measure the value of money in terms of its labor equivalent. However, he failed to account for the fact that, unlike a gold standard, a labor standard does not have any kind of surety that money will continue to match its value in paid work over time. Together, the contributors argue that full employment would provide this missing security and allow authorities to define the value equivalencies of money and labor, the way that money once represented its exact equivalent in gold.

Originally published in 2004. Growth, income distribution, and labour markets are issues of pivotal importance in the Latin American context. Examining unique theoretical issues and the empirical evidence, this book provides a critical analysis of the key elements of income distribution determinants, labour market functions, trade policies, and their interrelations. As the advance of globalization becomes seemingly unstoppable, this book provides an important reappraisal of the impact of this new phenomenon, and in particular, the pernicious impact it may have on income growth and distribution. The key objective of the volume is to integrate more fully the analysis of trade and labour market economists, in order to better understand the labour market and income distribution implications of globalization and international integration. Forty years after the early calls to appropriately investigate the micro foundations of macroeconomics, the separation of the two at the policy level is more damaging than ever before - particularly for developing regions; this volume therefore makes an important contribution at the theoretical and policy levels by bringing together macroeconomic and microeconomic analyses.

When Poland and Ukraine introduced their political, social and economic system reforms at the beginning of the 1990s, both economies were at a similar level of economic development (GDP $9,500 per capita). However, in 2018, Ukrainian GDP per capita had remained at the same levels since 1991, while in Poland, it had increased significantly, to more than $27,000 per capita. This book assesses the reasons for the growing gap between the level of economic development in Ukraine and Poland. It examines the course of events and evaluates the effectiveness of the system transformations, both in the context of the economy, as a whole, and in individual regions (Polish 'voivodeships' (provinces) and Ukrainian 'oblasts'). It also analyzes the consequences of the 2008-2009 Ukrainian-Russian gas conflict and 2013-2014 Euromaidan events for the Ukrainian economy. Additionally, the authors offer an insight into the migration movements, which have recently been observed in Poland and Ukraine. This is the first comprehensive, comparative analysis concerning the spatial diversification of economic development in these two countries, and the authors highlight the ways in which these reforms have proved effective in Poland and hardly effective in Ukraine. This analysis helps to identify the basic interrelations between the core macroeconomic variables at the regional level and the impact of political events from both a national and regional perspective. The book will appeal to academics, researchers and policy makers interested in the economic and political changes in these two countries, in a comparative setting and on national and regional levels, as well as those working on issues of EU integration.

This volume contains eight new and innovative research articles relevant to researchers and policy makers. Each chapter deals with an aspect of human welfare and is authored by an expert in the field. One deals with how technological change affects the distribution of earnings, two deal with how workers advance through corporate hierarchy, four deal with how incentives motivate workers, and the final chapter deals with how one immigrant group is far more successful than even the native population. Among the questions answered are: What accounts for the relative rise in skilled worker salaries? Which workers advance more quickly up the corporate ladder? Are workers hired from outside the company as successful as internally promoted workers? Does performance-based pay affect worker absenteeism? Do retirement incentives to workers really help the firm? Do unexpected decreases in retirement income decrease retiree life satisfaction? Do more stringent divorce laws increase cohabitation? What causes immigrants to really succeed in their new country?