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The claim that labor market flexibility—the lack of regulations and collective bargaining constraints on employers—is essential to maximizing employment, minimizing unemployment, and obtaining growth does not have empirical support. That the claim lacks evidence can be seen by tracing how the market fundamentalist assertions made in the initial OECD Jobs Strategy in 1994 have been reversed by the OECD and by other international financial institutions. The OECD now notes that new evidence “shows that countries with policies and institutions that promote job quality, job quantity, and greater inclusiveness perform better than countries where the focus of policy is predominantly on enhancing market flexibility.” It has also rejected the argument that collective bargaining defends the interest of “insiders” against “outsiders” in the labor market. While OECD reports previously made almost indiscriminate calls for lowering labor standards to increase labor market flexibility, they now caution that irregular work can be a danger.

The minimum wage contour job workers and similar workers employed in the other jobs are compared for their wage gap using the data from the National Longitudinal Survey of Youth, the United States. It is found with the rise in the minimum wage the wage gap widening has been slowed down.

Today, the U.S. economy is facing one of its greatest challenges in decades. The recent seven-year economic expansion netted a record for producing the fewest jobs since Herbert Hoover was [...]

'Water, water everywhere, nor any drop to drink.'--Samuel Taylor Coleridge, The Rime of the Ancient Mariner IN 1960 AMERICAN WORKERS PRODUCED A GROSS DOMESTIC Product of $13,847 (in year 2000 [...]

PRESIDENT BUSH HAS DECIDED there's a crisis within the Social Security system. Among the many ways in which his supporters justify the need for immediate action, there's this one: Social [...]

The article presents information on the wage gap that persists in the racist labour market. According to the Scores on the Armed Forces Qualification Test which is based on standard human capital wage equation, the education and standard human capital characteristics are one-half of the black-white wage gap. The quality and the quantity of education are different among the black and white people. A study finds that both pre-market and labour market played an important role in the black-white wage gap.

We assess whether occupational segregation in metropolitan labor markets is associated with the wages of, and contributes to racial/ethnic wage disparities among, less-educated men. To measure occupational segregation in metropolitan low wage markets, we create a segregation index measuring segregation between white, black, and Latino male high school-only educated workers and high school dropouts in 95 metropolitan labor markets utilizing a unique dataset of the structural characteristics of the ninety-five largest US metropolitan labor markets. We use regression, fixed effects, and generalized least squares estimation techniques to test whether this index is associated with wages and racial wage inequality among these men. The analyses reveal that in metropolitan labor markets characterized by more racial and ethnic segmentation in the low wage market, wages are lower among black and Latino men in particular, and racial-ethnic wage disparities among similarly less-educated white, black, and Latino men are higher. [ABSTRACT FROM AUTHOR]