SOSC 1000 Lecture Notes - Underemployment, Nairu
1 Apr 2013
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Gilbert> there was no greater modern illusion than the use of the single term of work to cover for somewhat is dreary, painful and socially demeaning and for what others is enjoyable, and economically rewarding. More fortunate suppressing notion that they are favored class. Work has profound impact on those who perform it, adults spend 1/3 of per day on job and it penetrate the very core of their personality. Cannot help but spill over on the nominal spheres of life. Russel- there are only two kinds of work: altering the position of matter, telling others to do stuff. Adam smith- an activity requiring the worker to gave up his tranquility, freedom and happiness in order to work. Anderson- work is the continuous employment of production of goods and services for enumeration. Work is restricted to work for pay (everything else is labor. Reinhart-any activity that entails the provision of goods and services for others.
