ADMS 1000 Lecture Notes - Lecture 1: Precarious Work, Freedom Of Movement, Perfect Competition

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Natalie Guriel

Document Summary

There is an exchange of labour for compensation. The employer has control over: the methods of production how much to produce and the right to direct the employee in how to do his or her job. The four legal" factors that determine whether or not an employee exists include the: degree of control. Degree to which the worker performs an essential service for an organization. Degree to which the organization provides the necessary tools. Other types of people that perform work: Not entitled to as many social protections. The role of bargaining power in the employment relationship. The role of unions and collective bargaining. The neoclassical perspective assumes: labour markets are perfectly competitive. Government and unions should not interfere in business. Competitive markets and supply and demand will allow: optimal assignment of skills. People are motivated by self-interests. have adequate information to understand what is in their best interests.