MHR 522 Lecture 3: Lecture 3

• School: Ryerson University
• Department: Human Resources
• Course: MHR 522
• Professor: Tingting Zhang

Document Summary

Neoclassical perspective of ir emphasizes the market power. Market can adjust itself to achieve optimum efficiency because of individual rational choice. Labour is treated as one type of input. Radical perspective of ir focuses on the power imbalance between workers and capital. The industrialization causes workers to be alienated from work. The only social power of the workers is the number. Treat employees as part of the system. Invisible hands of labour market: low wages vs. influx of labour. Maximize efficiency: long working hours, small deskilled tasks, min. human interactions; max. productivity. Individual rational decision making: accepting low wages vs. gaining experience. Positive reaction to the technology vs. automation replacing labour. Crystallized labour: feeling empty; suicide; low wages. Emphasis is on the elimination of inequality and injustice. Disti(cid:374)guish (cid:271)et(cid:449)ee(cid:374) (cid:858)(cid:272)ore(cid:859) a(cid:374)d (cid:858)peripher(cid:455)(cid:859) se(cid:272)tors of the e(cid:272)o(cid:374)o(cid:373)(cid:455) Unions assist in promoting equality in the core sectors of the labour market, but their effectiveness is limited in the periphery.