1.
Timeline of labor issues and events
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Timeline of organized labor history 16191619 Jamestown Polish craftsmen strike 1636 Maine Indentured Servants and Fishermans Mutiny. 1648 Boston Coopers and Shoemakers form guilds,1677 New York City Carters Strike. 1684 New York City Carters Strike,1741 New York City Bakers Strike. 1774 Hibernia, New Jersey, Ironworks Strike,1778 Journeymen printers in New York combine to increase their wages. 1791 Philadelphia carpenters conduct first strike in the trades in the United States. 1792 Philadelphia has first local union in the United States organized to conduct collective bargaining,1794 Federal Society of Journeymen Cordwainers formed in Philadelphia. 1797 Profit sharing originated at Albert Gallatins glassworks in New Geneva,1799 Combination Act outlawed trade unionism and collective bargaining by workers. 1805 Journeymen Cordwainers union includes a clause in its constitution in New York City. 1806 Commonwealth v. Pullis was the first known court case arising from a strike in the United States. After a three-day trial, the found the defendants guilty of a combination to raise their wages. 1816 Food riots broke out in East Anglia, Workers demanded a double wage and for the setting of triple prices for food. 1824 The Combination Act of 1799 was repealed,1824 Pawtucket, Rhode Island, Textile Strike. 1825 United Tailoresses of New York organized in New York City,1825 Boston House Carpenters Strike 1827 Mechanics Union of Trades Associations formed in Philadelphia. 1828 Workingmens Party was organized in Philadelphia by the Mechanics Union of Trades Associations and their efforts lead directly to the forming of the Workingmens Party of New York. 1829 Workingmens Party of New York formed,1831 New England Association of Farmers, Mechanics, and other Workingmen formed. Fifty-five workers in Norwich were convicted of breaking and rioting by one of the Special Commissions sent by the Whig Ministry to suppress insurgent workers. Three workers in Ipswich were convicted of extorting money by one of the Special Commissions sent by the Whig Ministry to suppress insurgent workers, twenty-six workers in Petworth were convicted of machine breaking and rioting by one of the Special Commissions sent by the Whig Ministry to suppress insurgent workers. Upwards of thirty workers in Gloucester were convicted of breaking and rioting by one of the Special Commissions sent by the Whig Ministry to suppress insurgent workers
2.
Socialism
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Social ownership may refer to forms of public, collective, or cooperative ownership, to citizen ownership of equity, or to any combination of these. Although there are varieties of socialism and there is no single definition encapsulating all of them. Socialist economic systems can be divided into both non-market and market forms, non-market socialism aims to circumvent the inefficiencies and crises traditionally associated with capital accumulation and the profit system. Profits generated by these firms would be controlled directly by the workforce of each firm or accrue to society at large in the form of a social dividend, the feasibility and exact methods of resource allocation and calculation for a socialist system are the subjects of the socialist calculation debate. Core dichotomies associated with these concerns include reformism versus revolutionary socialism, the term is frequently used to draw contrast to the political system of the Soviet Union, which critics argue operated in an authoritarian fashion. By the 1920s, social democracy and communism became the two dominant political tendencies within the international socialist movement, by this time, Socialism emerged as the most influential secular movement of the twentieth century, worldwide. Socialist parties and ideas remain a force with varying degrees of power and influence in all continents. Today, some socialists have also adopted the causes of social movements. The origin of the term socialism may be traced back and attributed to a number of originators, in addition to significant historical shifts in the usage, for Andrew Vincent, The word ‘socialism’ finds its root in the Latin sociare, which means to combine or to share. The related, more technical term in Roman and then medieval law was societas and this latter word could mean companionship and fellowship as well as the more legalistic idea of a consensual contract between freemen. The term socialism was created by Henri de Saint-Simon, one of the founders of what would later be labelled utopian socialism. Simon coined socialism as a contrast to the doctrine of individualism. They presented socialism as an alternative to liberal individualism based on the ownership of resources. The term socialism is attributed to Pierre Leroux, and to Marie Roch Louis Reybaud in France, the term communism also fell out of use during this period, despite earlier distinctions between socialism and communism from the 1840s. An early distinction between socialism and communism was that the former aimed to only socialise production while the latter aimed to socialise both production and consumption. However, by 1888 Marxists employed the term socialism in place of communism, linguistically, the contemporary connotation of the words socialism and communism accorded with the adherents and opponents cultural attitude towards religion. In Christian Europe, of the two, communism was believed to be the atheist way of life, in Protestant England, the word communism was too culturally and aurally close to the Roman Catholic communion rite, hence English atheists denoted themselves socialists. Friedrich Engels argued that in 1848, at the time when the Communist Manifesto was published, socialism was respectable on the continent and this latter branch of socialism produced the communist work of Étienne Cabet in France and Wilhelm Weitling in Germany
3.
Anarcho-syndicalism
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The basic principles of anarcho-syndicalism are solidarity, direct action and direct democracy, or workers self-management. The end goal of anarcho-syndicalism is to abolish the wage system, Anarcho-syndicalist theory therefore generally focuses on the labour movement. Reflecting the anarchist philosophy from which it draws its primary inspiration, hubert Lagardelle wrote that Pierre-Joseph Proudhon laid out fundamental ideas of anarcho-syndicalism, and repudiated both capitalism and the state in the process. He viewed free economic groups and struggle, not pacifism as dominant in humans, the CNT started small, counting 26,571 members represented through several trade unions and other confederations. In 1911, coinciding with its first congress, the CNT initiated a strike that provoked a Barcelona judge to declare the union illegal until 1914. That same year of 1911, the union officially received its name. From 1918 on the CNT grew stronger, the CNT had an outstanding role in the events of the La Canadiense general strike, which paralyzed 70% of industry in Catalonia in 1919, the year the CNT reached a membership of 700,000. Around that time, panic spread among employers, giving rise to the practice of pistolerismo and these pistoleros are credited with killing 21 union leaders in 48 hours. In 1922 the International Workers Association was founded in Berlin, the CNT joined immediately, however, the following year, with the rise of Miguel Primo de Riveras dictatorship, the labor union was outlawed, once again. The first secretaries of the International included the writer and activist Rudolph Rocker, along with Augustin Souchy. Following the first congress, other groups affiliated from France, Austria, Denmark, Belgium, Switzerland, Bulgaria, Poland and Romania. Later, a bloc of unions in the USA, Colombia, Peru, Ecuador, Guatemala, Cuba, Costa Rica and El Salvador also shared the IWAs statutes. The biggest syndicalist union in the USA, the IWW, considered joining but eventually ruled out affiliation in 1936, citing the IWAs policies on religious and political affiliation. The Industrial Workers of the World, although not anarcho-syndicalist, were informed by developments in the revolutionary syndicalist milieu at the turn of the 20th century. Although the terms anarcho-syndicalism and revolutionary syndicalism are often used interchangeably, the Biennio Rosso was a two-year period, between 1919 and 1920, of intense social conflict in Italy, following the first world war. The Biennio Rosso took place in a context of crisis at the end of the war, with high unemployment. It was characterized by strikes, worker manifestations as well as self-management experiments through land. In Turin and Milan, workers councils were formed and many factory occupations took place under the leadership of anarcho-syndicalists, the agitations also extended to the agricultural areas of the Padan plain and were accompanied by peasant strikes, rural unrests and guerilla conflicts between left-wing and right-wing militias
4.
Child labour
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This practice is considered exploitative by many international organisations. Legislation across the world prohibit child labour, Child labour has existed to varying extents, through most of history. During the 19th and early 20th centuries, many children aged 5–14 from poorer families still worked in Europe and these children mainly worked in agriculture, home-based assembly operations, factories, mining and in services such as news boys. Some worked night shifts lasting 12 hours, with the rise of household income, availability of schools and passage of child labour laws, the incidence rates of child labour fell. In developing countries, with poverty and poor schooling opportunities. In 2010, sub-saharan Africa had the highest incidence rates of child labour, worldwide agriculture is the largest employer of child labour. Vast majority of labour is found in rural settings and informal urban economy, children are predominantly employed by their parents. Poverty and lack of schools are considered as the cause of child labour. Globally the incidence of child labour decreased from 25% to 10% between 1960 and 2003, according to the World Bank. Nevertheless, the number of child labourers remains high, with UNICEF. Child labour forms a part of pre-industrial economies. In pre-industrial societies, there is rarely a concept of childhood in the modern sense, Children often begin to actively participate in activities such as child rearing, hunting and farming as soon as they are competent. In many societies, children as young as 13 are seen as adults, the work of children was important in pre-industrial societies, as children needed to provide their labour for their survival and that of their group. In pre-industrial societies, there was little need for children to attend school and this is especially the case in non literate societies. Most pre-industrial skill and knowledge were amenable to being passed down through direct mentoring or apprenticing by competent adults, with the onset of the Industrial Revolution in Britain in the late 18th century, there was a rapid increase in the industrial exploitation of labour, including child labour. Industrial cities such as Birmingham, Manchester and Liverpool rapidly grew from small villages into large cities and these cities drew in the population that was rapidly growing due to increased agricultural output. This process was replicated in other industrialising counties, the Victorian era in particular became notorious for the conditions under which children were employed. Children as young as four were employed in factories and mines working long hours in dangerous, often fatal
5.
Occupational safety and health
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These terms of course also refer to the goals of this field, so their use in the sense of this article was originally an abbreviation of occupational safety and health program/department etc. The goals of occupational safety and health programs include to foster a safe, OSH may also protect co-workers, family members, employers, customers, and many others who might be affected by the workplace environment. In the United States, the occupational health and safety is referred to as occupational health and occupational and non-occupational safety. In common-law jurisdictions, employers have a common law duty to take care of the safety of their employees. As defined by the World Health Organization occupational health deals with all aspects of health, Health has been defined as a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity. Occupational health is a field of healthcare concerned with enabling an individual to undertake their occupation. Health has been defined as It contrasts, for example, with the promotion of health and safety at work, since 1950, the International Labour Organization and the World Health Organization have shared a common definition of occupational health. It was adopted by the Joint ILO/WHO Committee on Occupational Health at its first session in 1950, the concept of working culture is intended in this context to mean a reflection of the essential value systems adopted by the undertaking concerned. Such a culture is reflected in practice in the systems, personnel policy, principles for participation, training policies. Professionals advise on a range of occupational health matters. The research and regulation of safety and health are a relatively recent phenomenon. As labor movements arose in response to concerns in the wake of the industrial revolution. The initial remit of the Inspectorate was to police restrictions on the hours in the textile industry of children. The commission sparked public outrage resulted in the Mines Act of 1842. Otto von Bismarck inaugurated the first social insurance legislation in 1883, similar acts followed in other countries, partly in response to labor unrest. Although work provides many economic and other benefits, an array of workplace hazards also present risks to the health. Personal protective equipment can protect against many of these hazards. Physical hazards affect many people in the workplace, Falls are also a common cause of occupational injuries and fatalities, especially in construction, extraction, transportation, healthcare, and building cleaning and maintenance
6.
Strike action
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Strike action, also called labor strike, labour strike, or simply strike, is a work stoppage caused by the mass refusal of employees to work. A strike usually takes place in response to employee grievances, Strikes became common during the Industrial Revolution, when mass labor became important in factories and mines. In most countries, strike actions were made illegal, as factory owners had far more power than workers. Most Western countries partially legalized striking in the late 19th or early 20th centuries, Strikes are sometimes used to pressure governments to change policies. Notable examples are the 1980 Gdańsk Shipyard or 1981 Warning Strike, official publications have typically used the more neutral words work stoppage or industrial dispute. The first historically certain account of action was towards the end of the 20th dynasty. The artisans of the Royal Necropolis at Deir el-Medina walked off their jobs because they had not been paid, the Egyptian authorities raised the wages. An early predecessor of the strike may have been the secessio plebis in ancient Rome. In the Outline Of History, H. G. Wells characterized this event as the strike of the plebeians, the plebeians seem to have invented the strike. The strike action became a feature of the political landscape with the onset of the Industrial Revolution. For the first time in history, large numbers of people were members of the working class, they lived in cities. By the 1830s, when the Chartist movement was at its peak, in 1842 the demands for fairer wages and conditions across many different industries finally exploded into the first modern general strike. Instead of being a spontaneous uprising of the masses, the strike was politically motivated and was driven by an agenda to win concessions. Probably as much as half of the industrial work force were on strike at its peak – over 500,000 men. The local leadership marshalled a growing working class tradition to organize their followers to mount an articulate challenge to the capitalist. Friedrich Engels, an observer in London at the time, wrote, by its numbers, this class has become the most powerful in England, the English proletarian is only just becoming aware of his power, and the fruits of this awareness were the disturbances of last summer. Karl Marx has condemned the theory of Proudhon criminalizing strike action in his work The Poverty of Philosophy, in 1937 there were 4,740 strikes in the United States. This was the greatest strike wave in American labor history, the number of major strikes and lockouts in the U. S. fell by 97% from 381 in 1970 to 187 in 1980 to only 11 in 2010
7.
Australian Labor Party
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The Australian Labor Party is a political party in Australia. The party has been in opposition at federal level since the 2013 election, Bill Shorten has been the partys federal parliamentary leader since 13 October 2013. The party is a party with branches in each state. Labor is in government in the states of Victoria, Queensland, Western Australia, South Australia, the party competes against the Liberal/National Coalition for political office at the federal and state levels. Labors current National Platform describes the party as a social democratic party, the party of opportunity and security for working people. The ALP was not founded as a party until after the first sitting of the Australian Parliament in 1901. Nevertheless, it is regarded as descended from labour parties founded in the various Australian colonies by the labour movement in Australia. Labor is thus the countrys oldest political party, colonial labour parties contested seats from 1891, and federal seats following Federation at the 1901 federal election. Labor was the first party in Australia to win a majority in either house of the Australian Parliament, internationally, the ALP is a member of the Progressive Alliance network of social-democratic parties, having previously been a member of the Socialist International. The Australian Labor Party has its origins in the Labour parties founded in the 1890s in the Australian colonies prior to federation, Labor tradition ascribes the founding of Queensland Labour to a meeting of striking pastoral workers under a ghost gum tree in Barcaldine, Queensland in 1891. The Balmain, New South Wales branch of the party claims to be the oldest in Australia, Labour as a parliamentary party dates from 1891 in New South Wales and South Australia,1893 in Queensland, and later in the other colonies. The first election contested by Labour candidates was the 1891 New South Wales election, the major parties were the Protectionist and Free Trade parties and Labour held the balance of power. It offered parliamentary support in exchange for policy concessions, the United Labor Party of South Australia was founded in 1891, and three candidates were that year elected to the South Australian Legislative Council. The first successful South Australian House of Assembly candidate was John McPherson at the 1892 East Adelaide by-election, at the 1893 South Australian elections the ULP was immediately elevated to balance of power status with 10 of 54 lower house seats. The liberal government of Charles Kingston was formed with the support of the ULP, so successful, less than a decade later at the 1905 election, Thomas Price would form the worlds first stable Labor government. John Verran led Labor to form the states first of many majority governments at the 1910 election, in 1899, Anderson Dawson formed a minority Labour government in Queensland, the first in the world, which lasted one week while the conservatives regrouped after a split. The colonial Labour parties and the unions were mixed in their support for the Federation of Australia. They feared that federation would further entrench the power of the conservative forces, the first Labour leader and Prime Minister, Chris Watson, however, was a supporter of federation
8.
Labour Party (UK)
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The Labour Party is a centre-left political party in the United Kingdom. Labour later served in the coalition from 1940 to 1945. Labour was also in government from 1964 to 1970 under Harold Wilson and from 1974 to 1979, first under Wilson and then James Callaghan. The Labour Party was last in government from 1997 to 2010 under Tony Blair and Gordon Brown, beginning with a majority of 179. Having won 232 seats in the 2015 general election, the party is the Official Opposition in the Parliament of the United Kingdom, the party also organises in Northern Ireland, but does not contest elections to the Northern Ireland Assembly. The Labour Party is a member of the Party of European Socialists and Progressive Alliance. In September 2015, Jeremy Corbyn was elected Leader of the Labour Party, the first Lib–Lab candidate to stand was George Odger in the Southwark by-election of 1870. In addition, several small socialist groups had formed around this time, among these were the Independent Labour Party, the intellectual and largely middle-class Fabian Society, the Marxist Social Democratic Federation and the Scottish Labour Party. In the 1895 general election, the Independent Labour Party put up 28 candidates, Keir Hardie, the leader of the party, believed that to obtain success in parliamentary elections, it would be necessary to join with other left-wing groups. Hardies roots as a lay preacher contributed to an ethos in the party led to the comment by 1950s General Secretary Morgan Phillips that Socialism in Britain owed more to Methodism than Marx. The motion was passed at all stages by the TUC, the meeting was attended by a broad spectrum of working-class and left-wing organisations—trades unions represented about one third of the membership of the TUC delegates. This created an association called the Labour Representation Committee, meant to coordinate attempts to support MPs sponsored by trade unions and it had no single leader, and in the absence of one, the Independent Labour Party nominee Ramsay MacDonald was elected as Secretary. He had the task of keeping the various strands of opinions in the LRC united. The October 1900 Khaki election came too soon for the new party to campaign effectively, only 15 candidatures were sponsored, but two were successful, Keir Hardie in Merthyr Tydfil and Richard Bell in Derby. Support for the LRC was boosted by the 1901 Taff Vale Case, the judgement effectively made strikes illegal since employers could recoup the cost of lost business from the unions. In their first meeting after the election the groups Members of Parliament decided to adopt the name The Labour Party formally, the Fabian Society provided much of the intellectual stimulus for the party. One of the first acts of the new Liberal Government was to reverse the Taff Vale judgement, the Peoples History Museum in Manchester holds the minutes of the first Labour Party meeting in 1906 and has them on display in the Main Galleries. Also within the museum is the Labour History Archive and Study Centre, the governing Liberals were unwilling to repeal this judicial decision with primary legislation
9.
Labour Party (Netherlands)
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The Labour Party is a social-democratic political party in the Netherlands. The party was founded in 1946 as a merger of the Social Democratic Workers Party, the Free-thinking Democratic League, Prime Ministers from the Labour Party have been Willem Drees, Joop den Uyl, and Wim Kok. Since 2012, the PvdA is the partner in the Second Rutte cabinet with the Peoples Party for Freedom. Since 2016, Lodewijk Asscher has been Leader of the Labour Party, the party won 9 seats in the House of Representatives in the 2017 general election. The Labour Party is a member of the European Party of European Socialists, in the European Parliament, where the Labour Party has 3 seats, it is part of the parliamentary group Progressive Alliance of Socialists and Democrats. They were joined by individuals from Catholic resistance group Christofoor and the Protestant parties Christian Historical Union, the founders of the PvdA wanted to create a broad party, breaking with the historic tradition of Pillarisation. This desire to come to a new system was called the Doorbraak. The party combined socialists with liberal democrats and progressive Christians, however, the party was unable to break Pillarisation. Instead the new party renewed the ties that SDAP had with other socialist organisations. In 1948 some conservative members, led by former VDB leader Pieter Oud, together with the Freedom Party, they formed the Peoples Party for Freedom and Democracy, a conservative-liberal party. Between 1946 and 1958, the PvdA formed coalition governments with the Catholic Peoples Party, the KVP and the PvdA together had a large majority in parliament. Since 1948, these cabinets were led by PvdA Prime Minister Willem Drees, under his leadership the Netherlands recovered from the war, began to build its welfare state and Indonesia became independent. After the cabinet crisis of 1958, the PvdA was replaced by the VVD, the PvdA was in opposition until 1965. The electoral support of PvdA voters began to decline, in 1965 a conflict in the KVP-ARP-CHU-VVD cabinet made continuation of the government impossible. The three confessional, Christian-influenced parties turned towards the PvdA, together they formed the Cals cabinet. This cabinet was also lived and conflict ridden. The conflicts culminated in the fall of the Cals cabinet over economic policy, meanwhile, a younger generation was attempting to gain control of the PvdA. A group of young PvdA members, calling themselves the New Left, prominent New Left members were Jan Nagel, André van der Louw and Bram Peper
10.
Labour Party (Malta)
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The Labour Party is a social-democratic political party in Malta. Along with the Nationalist Party, the Labour Party is one of two major political parties in Malta. It is the party in the Maltese House of Representatives following its victory over the Nationalist Party in the March 2013 general election. The Labour Party is a member of the Party of European Socialists, the General Conference is largely made up of delegates from the Partys other constituent structures and is the Partys highest organ. The National Executive brings together the Party Administration as well as elected representatives of other constituent structures, the Party Congress is made up of all members of the Party and elects the Leader and the two Deputy Leaders and determines the Partys broad policy outlines. The Party Administration is made of the Party Leader, Deputy Leaders, the Parliamentary Group and the Councillors Section bring together the Partys elected representatives in parliament and local councils. The Party is organised geographically in the committees and district. Finally, the Branches of the Party include the womens, youth, senior, although not formally part of the Partys structures, the PL owns a number of media and communication outlets. The Labour Party was founded as the Chamber of Labour in 1921 by one of the union affiliated with the Imperial Government Workers Union. Band clubs and other organisations were invited to send delegates to the Partys founding meeting on 15 March 1921, significantly, led by Colonel William Savona, the Party contested the general elections held in 1921 and 1924 under the new Constitution that gave the country a measure of self-government. The Labour-Constitutional alliance won the 1927 general elections, but Labour lost ground, gaining 13. 9% of votes, Labour leader Savona was not elected, and the leadership of the Labour parliamentary group was temporarily entrusted to Colonel Michael Dundon. The Presidency of the Party and leadership of the group was taken up by Paul Boffa later that year. Labour gained nine seats out of ten in the elections held during November,1945, in which, contrarily to previous elections, the Partys electoral programme, for the first time in Labours history, did not make any reference to religion. However, Labour deputies resigned from their posts in July 1946 due to mass redundancies at the Dockyards, in the meantime, the MacMichael Constitution had been introduced, granting self-government to the Maltese. Labours participation in the subsequent October,1947 elections was again supported by the General Workers Union. The Party won 59. 9% of the vote and twenty-four seats out of the possible forty within the Legislative Assembly, Paul Boffa became Prime Minister whilst Dom Mintoff became Deputy Prime Minister and Minister for Reconstruction. The Labour Government introduced Income Tax and Social Services for the first time in Malta, the Labour Party was re-founded in 1949 as a successor to the Labour Party founded in 1921. Boffa formed the Malta Workers Party while Mintoff re-organized the Labour Party as the Malta Labour Party, the Malta Labour Party contested its first elections for the Malta Legislative Assembly the following year
11.
New Zealand Labour Party
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The New Zealand Labour Party, or simply Labour, is a centre-left political party in New Zealand. With its historic rival, the New Zealand National Party, Labour has dominated New Zealand governments since the 1930s, Labour currently promotes a social-democratic platform. It is a participant of the international Progressive Alliance, the New Zealand Labour Party was formed in 1916 by various socialist parties and trade unions. It is thus the countrys oldest political party still in existence, there have been five Labour governments. The party was first in power from 1935 and 1949, when it established New Zealands welfare state and it governed most recently from 1999 to 2008 with Helen Clark as party leader and Prime Minister. Since the partys defeat in the 2008 general election, Labour has comprised the second-largest caucus represented in the New Zealand Parliament, on 18 November 2014 Andrew Little was confirmed outside of Parliament and in a press conference as the new Labour leader. Labours 1916 policy objectives called for the socialisation of the means of production, distribution and exchange, up to the 1980s Labour remained a party that believed in a strong role for governments in economic and social matters. However, it had transformed from a trade union-dominated, socialist-oriented movement to a moderate social-democratic party. The Labour Government of the 1980s deviated sharply from a social-democratic path, in a series of economic reforms dubbed Rogernomics, the Government removed a swathe of regulations and subsidies, privatised state assets and introduced corporate practices to state services. Equal access to all social, economic, cultural, political and legal spheres, co-operation as the main governing factor in economic relations, to ensure a just distribution of wealth. Universal rights to dignity, self-respect and the opportunity to work, the right to wealth and property, subject to the provisos of regarding people as always more important than property and the obligations of the state to ensure a just distribution of wealth. The Treaty of Waitangi as the document of New Zealand, and its honouring in the Party, government, society. The promotion of peace and social justice throughout the world by international co-operation, Equality in human rights regardless of race, sex, marital status, sexual orientation, gender identity, age, religious faith, political belief or disability. Its origins lie in the British working class movement, heavily influenced by Australian radicalism and it is the oldest surviving New Zealand political party. The New Zealand Labour Party was an amalgamation of a number of early groups, the process of unifying these diverse groups into a single party was difficult, with tensions between different factions running strong. At the turn of the century, the side of New Zealand working class politics was represented by the Socialist Party. The more moderate leftists were generally supporters of the Liberal Party and this established the basic dividing line in New Zealands left-wing politics – the Socialists tended to be revolutionary and militant, while the moderates focused instead on progressive reform. In 1910, the Independent Political Labour League was relaunched as a called the Labour Party
12.
Labour economics
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Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour markets or job markets function through the interaction of workers and employers, Labour economics looks at the suppliers of labour services and the demanders of labour services, and attempts to understand the resulting pattern of wages, employment, and income. In economics, labour is a measure of the work done by human beings and it is conventionally contrasted with such other factors of production as land and capital. There are theories which have developed a concept called human capital, there are two sides to labour economics. Labour economics can generally be seen as the application of microeconomic or macroeconomic techniques to the labour market, microeconomic techniques study the role of individuals and individual firms in the labour market. Macroeconomic techniques look at the interrelations between the market, the goods market, the money market, and the foreign trade market. It looks at how these interactions influence macro variables such as employment levels, participation rates, aggregate income, the labour force is defined as the number of people of working age, who are either employed or actively looking for work. The participation rate is the number of people in the force divided by the size of the adult civilian noninstitutional population. The unemployment level is defined as the labour force minus the number of people currently employed, the unemployment rate is defined as the level of unemployment divided by the labour force. The employment rate is defined as the number of people currently employed divided by the adult population, in these statistics, self-employed people are counted as employed. Variables like employment level, unemployment level, labour force, and they can be contrasted with flow variables which measure a quantity over a duration of time. Changes in the force are due to flow variables such as natural population growth, net immigration, new entrants. Technological advancement often reduces frictional unemployment, for example, internet search engines have reduced the cost, structural unemployment – This reflects a mismatch between the skills and other attributes of the labour force and those demanded by employers. The process of globalization has contributed to changes in labour markets. Natural rate of unemployment – This is the summation of frictional and structural unemployment and it is the lowest rate of unemployment that a stable economy can expect to achieve, given that some frictional and structural unemployment is inevitable. Economists do not agree on the level of the rate, with estimates ranging from 1% to 5%. The estimated rate varies from country to country and from time to time, demand deficient unemployment – In Keynesian economics, any level of unemployment beyond the natural rate is probably due to insufficient goods demand in the overall economy. During a recession, aggregate expenditure is deficient causing the underutilisation of inputs, neoclassical economists view the labour market as similar to other markets in that the forces of supply and demand jointly determine price and quantity
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