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Lecture 10

PLSC 389E Lecture Notes - Kim Young-Sam, Root Mean Square, Byrsonima Crassifolia
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3 Pages
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Spring 2016

Department
Political Science
Course Code
PLSC 389E
Professor
Yoonkyung Lee
Lecture
10

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3/22 Lecture
Lecture Note 11: The Financial Crisis and Irregular Workers
Economic growth and (in)equality
We have dierent needs in order to work but also live; and we want these instances to be covered monetarily
when you’re talking about labor: human beings
that’s why we need paid sick leave
we get old and we can’t work the same way forever
retirement and social security
we get sick and need to get better
health leave
we want to get married but want to come back to our job
Parental/Paternal/Maternal Leave
need to spend time with kids
one extreme: social welfare, social protection implemented via taxes implemented by
income, throw social protection policy
other extreme: you only get paid for wages but you have to deal with everything
Another extreme: company takes away wages and puts into social protection, gives you
benefits out of that money
What about South Koreans?
healthcare originally benefitting certain groups to expand support bases
but now universal health care even when certain services not completely covered.
social welfare has been expanding in recent years, particularly since financial crisis
large number of unemployed people
capitalism hinges on inequality though
Kuznet’s Inverse U chart
x-axis: Time 1, Time 2, Time 3
as economy develops, people have more education and the resources to educate children more. with
increased educational levels and skill levels, paid better, more politically empowered, more demand
for social protection via state institution.
trickle-down from peak point.
SK had nothing too, but earned a lot from nothing

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Description
3/22 Lecture Lecture Note 11: The Financial Crisis and Irregular Workers Economic growth and (in)equality We have different needs in order to work but also live; and we want these instances to be covered monetarily when you’re talking about labor: human beings that’s why we need paid sick leave we get old and we can’t work the same way forever retirement and social security we get sick and need to get better health leave we want to get married but want to come back to our job Parental/Paternal/Maternal Leave need to spend time with kids one extreme: social welfare, social protection implemented via taxes implemented by income, throw social protection policy other extreme: you only get paid for wages but you have to deal with everything Another extreme: company takes away wages and puts into social protection, gives you benefits out of that money What about South Koreans? healthcare originally benefitting certain groups to expand support bases but now universal health care even when certain services not completely covered. social welfare has been expanding in recent years, particularly since financial crisis large number of unemployed people capitalism hinges on inequality though Kuznet’s Inverse U chart x-axis: Time 1, Time 2, Time 3 as economy develops, people have more education and the resources to educate children more. with increased educational levels and skill levels, paid better, more politically empowered, more demand for social protection via state institution. trickle-down from peak point. SK had nothing too, but earned a lot from nothing Beginning of the late 70’s: Globalization, internationalization (Segehwa), neoliberal shift cutting requirements of organizations progressive? i think not less jurisdiction of the government extreme: everything should be left to market forces other extreme: government needs to be involved. 70’s was too much government intervention. moving towards liberalizing and opening up financial market Liberalization of trade and finance, deregulation, privatization of SOE, and flexibility in the market if you’re working for the world bank or IMF, what advice would you give for advocacy for labor market and employment? paid leave, etc? the Opposite. all are trying to benefit increasing flexibility in the global market in effect, the meaning is strip off all the protection you would provide for workers. paying hourly wage is good enough unemployment coverage, welfare are usually stipulated in law bc whe
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