Inequality in the workplace\ Flashcards
What are characterisitics of a good job
Higher pay
job security
benefits
pensions
low risk
status
What are characteristics of bad jobs
lower pay
lacking job security
no benefits
limited pensions
higher risk
lower status
What is Human Capital Theory
Imagines that theres on big labour market out there and they argue that one of side of that labour market is the supply side, so potential employees, in theory those employees have wants and desires in terms of jobs but they also bring a set of skills into the labour market.
On the demand side are the potential employers they habe taks they need to carry u they are matching people.
What is the Human Capital Explanations of Labour-market based inequality
it suggests that individuals are sorted into good jobs and bad jobs on the basis of individual skill education and experience
those who invvest more into human capital will reap greater labour market rewards, especially higher incomes
What are the problems with human capital thoery
assums that there is free and open competition for good jobs and they everyone is on a level playing field when it comes to their aboility to invest in or use their education
What is Labour Market Segmentation Theory
Proposition that there is not a single, open labour market operating in our society
Segmentation theories also highlight the slim chances of mobility out of the secondary labour market into jobs in the primary labour market
What is polarization of workers as capitalism evovles
A reduction in the proportion of small business owners and hence a shrinking of the old middle class
increasing proportions of income going to the owners of large businesses and a reduction in the earnings of middle class workers
continued deskilling of work and corresponding increases in the alienation of workers
What is the capitalist executive class
they control both the labour power of others and the means of production
What does the old middle class comman
the means of production but not the labour power of others
what does new middle class control
controls the labour power of others but not the means of production
what does workoing class command
neither the labour power of others nor the means of production.
What was marx’s prediction and was he right
Fo rmuch of the 20th century it appeared his prediction regarding the shrinking middle class was right
since the 70s this trend has reversed
the most significant change over the past 20 to 30 years has been the increase in the proportion of the class structure that is held by the old middle class workers
What is non standard work
where the worker has one employer, works full time, year round on the employers premises, enjoys staturoy benefits and entitlements and expects to be employed indefinetly
thus employment that does not fit this definition has been characterized as non standard
what are the three types of non standard work
Partime
temp work
self employment
