Explain three ways in which governments shape labour markets and Essay

Explain three ways in which governments shape labour markets and Explain, using examples, three dimensions of the relationship between paid and unpaid work - Essay Example nt base in order to instill more confidence in the workforce and â€Å"focus on the context for investment† (Lecture 3, p.3) thus creating a congenial environment for business while addressing the social concern of employment. In the current economic situation where the role of government in protecting labor has been reduced to the bare minimum due to globalization and advancements in technology, it is flexibility of the job market that is more in perspective than formulation of laws to safeguard labor. However, the scope of employment also raises the issue of work where salary is high that consequently raises the standard of living and another type of work where workers are paid low wages leading to social disparity and discontent. The issue of low wages is compounded by globalization that firms use as bargaining chip to tame labor with threats of outsourcing, giving business the upper hand as trade unions have largely been marginalized in an environment where technology has reduced manpower. The government is not only responsible to oversee a strong and vibrant economy but also to ensure equitable living conditions for every citizen in general, and the weaker sections of society in particular. There are some countries like the Scandinavian nations where the citizens enjoy generous social packages even if they are unemployed. There are other nations where 5 percent of the population enjoys 95 percent of the nation’s wealth, whereas 95 percent of the population survives on 5% of the country’s resources. It may not be possible for every country to satisfy every citizen with generous social schemes, but it is necessary to create conditions where everyone feels cared for. Generally, the government is noncommittal when it comes to the interest of workers in the lowly paid services basically for two reasons: one, the government wants to encourage new entrepreneurs to rise to the occasion and take advantage of working conditions under the new technological order