ADMS 1000 Lecture Notes - Employment Contract, Visible Minority, Glass Ceiling
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ADMS 1000 Full Course Notes
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Employment - exchange between two parties (labour + wages) Characterized by regular, full-time hours at a single employer. Employees working under ser receive periodic pay raises, sometimes health benefits. Unemployment and workers" compensation benefits funded by mandatory employer contributions. Less stable, part time, temporary, fewer hours, lower wages. Many workers are young, recent entrants into labour force. 3 perspectives about governance of work in canada: neo classical labour markets should be driven by market forces, supply and demand, little or no government intervention. Competitive markets as best means of organizing economies and societies. State should focus on ensuring legal system is in place to protect property rights and to enforce contracts, and prohibit anti-competitive practices, otherwise should keep taxes low, and govt regulation minimal. Neoclassicalist would argue employment laws are not necessary to protect workers. Believe most successful businesses provide good wages and benefits, and good working conditions. An economic interest to look out for employees" concerns.