Group items tagged

This article discusses how a flexible labor market model can only lead to less permanent-job contracts, lower wages, and even lead to eventual unemployment. For example, the share of employees with temporary contracts is much higher in the EU than in Romania, however, it has been noted that the EU has higher unemployment rates than Romania... Further consequences of the implementation of a flexible labor market model are also evaluated. Link to "What is a Flexible Labour Market?": http://tutor2u.net/economics/revision-notes/a2-macro-flexible-labour-markets.html

USA: this article discusses how, following the most recent recession, the US labor market improved throughout the country, driven by rising retail sales and "solid growth" in manufacturing. "Labor market conditions continued to strengthen modestly, with all Districts reporting some degree of improvement," The article also goes on to discuss labor demand and growing economies.

This article considers the possible measures that the Maldives should consider in order to develop its not yet fully matured economy. Today, government intervention to reduce or diminish market failure takes many forms: direct controls, government regulation, government subsidies, taxation of negative externality engendering goods, etc. However, it has been strongly suggested that for a developing country such as the Maldives, "and given that there is no one perfect model of state involvement in the economy, effective and well managed Public Enterprises need to play a vital and integral role of the national economy." Further solutions for market failure in the Maldives are also discussed.

The article discusses the price mechanism as a signal for allocation of resources in two markets - consumers goods and stock market. A rational perspective would assume that as demand rises, suppliers are attracted to the particular product as they see incentive for profit and thus supply extends and prices rise. This then has the opposite effect as since prices are high, demand contracts. This self-correcting mechanism is in place for the market of consumer goods, as the article discusses. Eventually, price will return to equilibrium. However, in the case of stocks, as prices of stocks rise, investors are more attracted to the stock as they see incentive for capital gain. Thus demand extends, contrary to the rational model observed in the market for consumer goods. Nevertheless, the article provides supports the notion that as demand rises, prices rise and more of that particular good/service is supplied to the market.

This article discusses how the labor market in Germany has improved over the past year, especially recently in January and February 2011. Unemployment has declined sharply by over 75,000!

The labor market in Germany has improved and unemployment declined thanks to the country's solid economic upswing.

This article discusses how Germany's labor market improved sharply in February and unemployment declined by much more than expected, owing to the country's solid economic upswing and increase in aggregate demand for jobs in the country. And demand for employees continues to increase...

The article discusses the reason why India's private sector employment is relatively low given the high economic development and prosperity. Wages are said to not have risen to levels suggested by per capita income figures and this has been attributed to the plethora of cumbersome laws and regulations that govern Indian labour markets. Due to the inflexibility, private sector employers respond by not hiring too many workers in the first place due to fear of disputes. At least 45 laws exist at the national level, and up to 4 times as many at the state level. The author cites a change in government's attitudes to labour market as the remedy to India's unemployment.

In this article Is vividly shown UK's 2010 labor market and here is also discussion whether its good or not

This article applied the concept of a labor market to baseball. It suggested that infielders are better hitter s than outfilders and explain this in economic term.

The article states that Verizon's revenue dropped 2.9% in the third quarter of 2010 to $26.5 Bn. Although this surpassed analysts expectations, it was poor in comparison to AT&T's (Verizon's rival) earnings for the third quarter. The success of AT&T in this quarter was attributed to sales of the iPhone in the wireless mobile devices market. Verizon has therefore opted to shift supply to concentrate more on the growing smartphone market, investing heavily in 4G data transmission infrastructure to compete with AT&T. A new tiered pricing model is also being introduced to entice customers to purchase smart phones from Verizon. This aptly demonstrates the price mechanism as a signal to producers in a market economy - if competitors are supplying a profitable product/service, other firms in the industry will also shift supply to produce that product/service to attract high profits.

In India, new cars are being registered at a rate of nearly two million per year. The Indian auto industry has become the world's seventh largest, now having overtaken every European country except for Germany. This exponential rate of production comes at an opportunity cost however. A mixed externality takes place. The stimulation in the auto industry increases the demand, and therefore the possession of cars in the country, which will hence increase the amount of green house gases released by general motor transport, aggravating atmospheric pollution.

WE, as consumers have a lot of power. Businesses just want to maximize profits -- and we can make it profitable for them to be more sustainable. This article discusses this statement in more detail, suggesting that amongst the methods that can be used to counter market failures of consumption and production which accelerate environmental phenomenon such as global warming, is rethinking and prioritizing the choices of consumption that we make on a daily basis. Businesses respond to consumer demand. If we demand more environmentally oriented products... wouldn't that make a difference?

America has done a better job keeping GDP up than almost any other developed nation affected by the Great Recession. But it's done a far worse job keeping unemployment down. Why? America has a very weak labor union movement. An underconsumption of labor union movements here engenders market failure. This article discusses this idea in further detail.

this article discusses that the unique nature of an investment in education results in a market failure for student loans.

There has been a recent decline in newspapers, and it is speculated to be caused by market failure. This article explores that idea in depth, with reference to different arguments from different groups including the FTC (Federal Trade Commission).

South Africa has been, for quite a while now, experiencing significant market failure caused by state-owned enterprises (SOEs) falling over their feet to emulate private sector models (at the same time suffering from maladministration, waste, subversion of corporate governance, power struggles and managers caring more for their glamorous images and fringe benefits than service to community). The pressure for SOEs to be genuine development agents hardly came to be, as efforts in this direction were never really enforced. The New Growth Plan (NGP) implicitly and explicitly acknowledges these failures and is in haste to fill the gap by seeking to drive growth in jobs via the creation of new sectors as well as lifting the energy of old, sluggish and declining sectors and industries. It's a race against time. More about this NGP is discussed in the article.

This article is about market failure and government involvement. It discusses these two economic terms briefly and offers some examples.

This article is interesting since it not only brings up the housing market failure in 2010 but also brings up the negative effects of all the foreclosures happening. With foreclosures comes a lot of crime, including people breaking into foreclosed homes to live in and use as shelter.

it is not an official news article but this guy comes up with a case of auction and many people discusses about this

This is an article by the New York Times addressing the issue of gender equality in the job market. Married women who have children must take time off work and the employment business is harsh in terms of promotion and pay when it comes to taking time off work - naturally women are disadvantaged in our society today. The articles dives in to explore the situation.

Over the weekend there were proposals that Germany and the other 5 AAA-rated nations of Europe might start jointly issuing 'Elite' bonds. Pound rates are today being driven by attitude to risk - and what a morning it has been. Equity markets have surged, and risk associated currencies such as the Australian dollar have moved higher.