1.
Globalization
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Globalization or globalisation is the action or procedure of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. Advances in transportation and in telecommunications infrastructure have been factors in globalization, generating further interdependence of economic. Large-scale globalization began in the 1820s, in the late 19th century and early 20th century, the connectivity of the worlds economies and cultures grew very quickly. The term globalization is recent, only establishing its current meaning in the 1970s, further, environmental challenges such as global warming, cross-boundary water and air pollution, and overfishing of the ocean are linked with globalization. Globalizing processes affect and are affected by business and work organization, economics, socio-cultural resources, academic literature commonly subdivides globalization into three major areas, economic globalization, cultural globalization, and political globalization. The term globalization is derived from the word globalize, which refers to the emergence of a network of economic systems. One of the earliest known usages of the term as a noun was in a 1930 publication entitled Towards New Education, a related term, corporate giants, was coined by Charles Taze Russell in 1897 to refer to the largely national trusts and other large enterprises of the time. By the 1960s, both began to be used as synonyms by economists and other social scientists. Economist Theodore Levitt is widely credited with coining the term in an article entitled Globalization of Markets, However, the term globalization was in use well before this and had been used by other scholars as early as 1981. Levitt can be credited with popularizing the term and bringing it into the mainstream audience in the later half of the 1980s. Due to the complexity of the concept, research projects, articles, sociologists Martin Albrow and Elizabeth King define globalization as all those processes by which the people of the world are incorporated into a single world society. Globalization can be located on a continuum with the local, national and regional, without reference to such expansive spatial connections, there can be no clear or coherent formulation of this term. A satisfactory definition of globalization must capture each of these elements, extensity, intensity, velocity and it pertains to the increasing ease with which somebody on one side of the world can interact, to mutual benefit, with somebody on the other side of the world. The ideological dimension, according to Steger, is filled with a range of norms, claims, beliefs and they have also argued that four different forms of globalization can be distinguished that complement and cut across the solely empirical dimensions. According to James, the oldest dominant form of globalization is embodied globalization, a second form is agency-extended globalization, the circulation of agents of different institutions, organizations, and polities, including imperial agents. Object-extended globalization, a form, is the movement of commodities. He calls the transmission of ideas, images, knowledge, and information across world-space disembodied globalization and he asserted that the pace of globalization was quickening and that its impact on business organization and practice would continue to grow. Economist Takis Fotopoulos defined economic globalization as the opening and deregulation of commodity, capital and he used political globalization to refer to the emergence of a transnational elite and a phasing out of the nation-state
2.
Employment
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Employees in some fields or sectors may receive gratuities, bonus payment or stock options. In some types of employment, employees may receive benefits in addition to payment, benefits can include health insurance, housing, disability insurance or use of a gym. Employment is typically governed by employment laws or regulations or legal contracts, employers must balance interests such as decreasing wage constraints with a maximization of labor productivity in order to achieve a profitable and productive employment relationship. The main ways for employers to workers and for people to find employers are via jobs listings in newspapers and online. Employers and job seekers also find each other via professional recruitment consultants which receive a commission from the employer to find, screen. However, a study has shown that such consultants may not be reliable when they fail to use established principles in selecting employees, a more traditional approach is with a Help Wanted sign in the establishment. Evaluating different employees can be quite laborious but setting up different techniques to analyze their skill to measure their talents within the field can be best through assessments, employer and potential employee commonly take the additional step of getting to know each other through the process of job interview. Training and development refers to the effort to equip a newly hired employee with necessary skills to perform at the job. An appropriate level of training and development helps to improve job satisfaction. There are many ways that employees are paid, including by hourly wages, by piecework, by yearly salary, in sales jobs and real estate positions, the employee may be paid a commission, a percentage of the value of the goods or services that they have sold. In some fields and professions, employees may be eligible for a bonus if they meet certain targets, employee benefits are various non-wage compensation provided to employee in addition to their wages or salaries. In some cases, such as with workers employed in remote or isolated regions, employee benefits can improve the relationship between employee and employer and lowers staff turnover. Organizational justice is a perception and judgement of employers treatment in the context of fairness or justice. The resulting actions to influence the relationship is also a part of organizational justice. Employees can organize into trade or labor unions, which represent the force to collectively bargain with the management of organizations about working. Usually, either an employee or employer may end the relationship at any time and this is referred to as at-will employment. The contract between the two parties specifies the responsibilities of each when ending the relationship and may include such as notice periods, severance pay. In some professions, notably teaching, civil servants, university professors, and some jobs, some employees may have tenure
3.
Tertiary sector of the economy
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The tertiary sector or service sector is the third of the three economic sectors of the three-sector theory. The others are the secondary sector, and the primary sector, the basic characteristic of this sector is the production of services instead of end products. Services include attention, advice, access, experience, and discussion, the production of information has long been regarded as a service, but some economists now attribute it to a fourth sector, the quaternary sector. The tertiary sector of industry involves the provision of services to businesses as well as final consumers. The goods may be transformed in the process of providing the service, however, the focus is on people interacting with people and serving the customer rather than transforming physical goods. It is sometimes hard to define whether a company is part of the secondary or tertiary sector. These governmental classification systems have a hierarchy that reflects whether the economic goods are tangible or intangible. Unlike governmental classification systems, the first level of market-based classification systems divides the economy into functionally related markets or industries, the second or third level of these hierarchies then reflects whether goods or services are produced. For the last 100 years, there has been a shift from the primary and secondary sectors to the tertiary sector in industrialised countries. The tertiary sector is now the largest sector of the economy in the Western world and these are not necessarily busboys and live-in maids. Many of them are in the professional category and they are earning as much as manufacturing workers, and often more. The first economy to follow path in the modern world was the United Kingdom. The speed at which other economies have made the transition to service-based economies has increased over time, historically, manufacturing tended to be more open to international trade and competition than services. Service providers face obstacles selling services that goods-sellers rarely face, services are intangible, making it difficult for potential customers to understand what they will receive and what value it will hold for them. Indeed, some, such as consultants and providers of investment services, since the quality of most services depends largely on the quality of the individuals providing the services, people costs are usually a high fraction of service costs. Whereas a manufacturer may use technology, simplification, and other techniques to lower the cost of goods sold, for example, how does one choose one investment adviser over another, since they are often seen to provide identical services. Charging a premium for services is usually an option only for the most established firms, who charge extra based upon brand recognition
4.
Information technology
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Information technology is the application of computers to store, study, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise. IT is considered a subset of information and communications technology, the term is commonly used as a synonym for computers and computer networks, but it also encompasses other information distribution technologies such as television and telephones. Several industries are associated with technology, including computer hardware, software, electronics, semiconductors, internet, telecom equipment. Leavitt and Thomas L. Whisler commented that the new technology not yet have a single established name. We shall call it information technology, based on the storage and processing technologies employed, it is possible to distinguish four distinct phases of IT development, pre-mechanical, mechanical, electromechanical, electronic. This article focuses on the most recent period, which began in about 1940, devices have been used to aid computation for thousands of years, probably initially in the form of a tally stick. Electronic computers, using either relays or valves, began to appear in the early 1940s, the electromechanical Zuse Z3, completed in 1941, was the worlds first programmable computer, and by modern standards one of the first machines that could be considered a complete computing machine. Colossus, developed during the Second World War to decrypt German messages was the first electronic digital computer, although it was programmable, it was not general-purpose, being designed to perform only a single task. It also lacked the ability to store its program in memory, programming was carried out using plugs, the first recognisably modern electronic digital stored-program computer was the Manchester Small-Scale Experimental Machine, which ran its first program on 21 June 1948. The development of transistors in the late 1940s at Bell Laboratories allowed a new generation of computers to be designed with reduced power consumption. The first commercially available stored-program computer, the Ferranti Mark I, by comparison the first transistorised computer, developed at the University of Manchester and operational by November 1953, consumed only 150 watts in its final version. Early electronic computers such as Colossus made use of punched tape, a strip of paper on which data was represented by a series of holes. IBM introduced the first hard drive in 1956, as a component of their 305 RAMAC computer system. Most digital data today is stored magnetically on hard disks. Until 2002 most information was stored on analog devices, but that year digital storage capacity exceeded analog for the first time. As of 2007 almost 94% of the data stored worldwide was held digitally, 52% on hard disks, 28% on optical devices and 11% on digital magnetic tape. It has been estimated that the capacity to store information on electronic devices grew from less than 3 exabytes in 1986 to 295 exabytes in 2007. Database management systems emerged in the 1960s to address the problem of storing and retrieving large amounts of data accurately and quickly, one of the earliest such systems was IBMs Information Management System, which is still widely deployed more than 50 years later
5.
Economy
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An economy is an area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location. Economic agents can be individuals, businesses, organizations, or governments, Economic transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Monetary transactions only account for a part of the economic domain. Economic activity is spurred by production which uses resources, labor. It has changed over time due to technology, innovation such as that which produces intellectual property and these factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the domain is a social domain of human practices. A command-based economy is where political agents directly control what is produced and how it is sold, a green economy is low-carbon, resource efficient, and socially inclusive. Today the range of fields of the examining the economy revolve around the social science of economics, but may include sociology, history, anthropology. All professions, occupations, economic agents or economic activities, contribute to the economy, consumption, saving, and investment are variable components in the economy that determine macroeconomic equilibrium. There are three sectors of economic activity, primary, secondary, and tertiary. Alternate and long-standing terminology distinguishes measures of an economy expressed in real values, such as real GDP, the English words economy and economics can be traced back to the Greek word οἰκονόμος, a composite word derived from οἶκος and νέμω by way of οἰκονομία. The first recorded sense of the economy is in the phrase the management of œconomic affairs. Economy is later recorded in more senses, including thrift. The most frequently used current sense, denoting the system of a country or an area. As long as someone has been making, supplying and distributing goods or services, there has some sort of economy, economies grew larger as societies grew. The Babylonians and their city state neighbors developed forms of economics comparable to currently used civil society concepts and they developed the first known codified legal and administrative systems, complete with courts, jails, and government records. The ancient economy was based on subsistence farming. The Shekel referred to an ancient unit of weight and currency, the first usage of the term came from Mesopotamia circa 3000 BC. and referred to a specific mass of barley which related other values in a metric such as silver, bronze, copper etc
6.
Temporary work
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Temporary work or temporary employment refers to an employment situation where the working arrangement is limited to a certain period of time based on the needs of the employing organization. Temporary employees are sometimes called contractual, seasonal, interim, casual staff, outsourcing, freelance, in some instances, temporary, highly skilled professionals refer to themselves as consultants. Temporary workers may work full-time or part-time depending on the individual situation, in some instances, temporary workers receive benefits, but usually benefits are only given to permanent employees as a cost-cutting measure by the employer to save money. Not all temporary employees find jobs through an employment agency. A temporary work agency, temp agency or temporary staffing firm finds, other companies, in need of short-term workers, contract with the temporary work agency to send temporary workers, or temps, on assignments to work at the other companies. Temporary employees are used in work that has a cyclical nature. There has indeed been a paradigm shift since the 1940s in the way firms utilize the temporary worker. Throughout the Fordist era, temporary workers made up a rather marginal proportion of the labor force in North America. In contrast, in the Post-Fordist period, characterized by neoliberalism, deindustrialization and the dismantling of the welfare state, in this paradigm, the idea of the temporary worker as a stopgap solution to permanent labor became an entirely normative employment alternative to permanent work. As the market began to transform from Fordism to a regime of capital accumulation, the social regulation of labor markets. This transformation has been characterized by a restructuring that emphasized flexibility within spaces of work, labor markets, employment relationships, wages. Most governments in Western Europe started to deregulate temporary work, and indeed, global processes of neoliberalism and market rule contributed greatly to this increasing pressure put on local labor markets towards flexibility. This greater flexibility within labor markets is important at the level, particularly within OECD countries. The temporary labor industry is worth over €157 billion per year, the biggest temporary work agencies are most profitable in emerging economies of the Global North, and those that have undergone market liberalization, deregulation and regulation. The desire to market flexible, adaptable temporary workers has become a driving, through this process, the ideal temporary worker has today become largely imagined, produced and marketed by temporary agencies. The role of an agency is as a third party between client employer and client employee. This third party, handles remuneration, work scheduling, complaints, taxes, client firms request the type of job that is to be done, and the skills required to do it. Client firms can also terminate an assignment and are able to file a complaint about the temp, Work schedules are determined by assignment, which is determined by the agency and can last for an indeterminate period of time, extended to any point and cut short
7.
Entrepreneurship
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What appears as a real opportunity ex ante might actually be a non-opportunity or one that cannot be actualized by entrepreneurs lacking the necessary business skills, financial or social capital. Traditionally, an entrepreneur has been defined as a person who starts, organizes and manages any enterprise, especially a business, usually with considerable initiative and risk. Rather than working as an employee, an entrepreneur runs a business and assumes all the risk and reward of a given business venture, idea. The entrepreneur is commonly seen as a leader and innovator of new ideas. They act as the manager and oversee the launch and growth of an enterprise, Entrepreneurship is the process by which an individual identifies a business opportunity and acquires and deploys the necessary resources required for its exploitation. For Schumpeter, the changes and dynamic disequilibrium brought on by the innovating entrepreneur, the ‘norm’ of a healthy economy. Entrepreneurial spirit is characterized by innovation and risk-taking, for example, in the 2000s, the field of social entrepreneurship has been identified, in which entrepreneurs combine business activities with humanitarian, environmental or community goals. In the 2010s, entrepreneurship can be studied in college or university as part of the disciplines of management or business administration, Entrepreneur, is a loanword from French. First used in 1723, today the term entrepreneur implies qualities of leadership, initiative, economist Robert Reich has called team-building, leadership, and management ability essential qualities for the entrepreneur. Historically the study of entrepreneurship reaches back to the work in the late 17th and early 18th centuries of Richard Cantillon and Adam Smith, which was foundational to classical economics. In the 20th century, entrepreneurship was studied by Joseph Schumpeter in the 1930s and other Austrian economists such as Carl Menger, Ludwig von Mises, the term entrepreneurship was coined around the 1920s, while the loan from French of the word entrepreneur dates to the 1850s. According to Schumpeter, an entrepreneur is willing and able to convert a new idea or invention into a successful innovation, thus, creative destruction is largely responsible for long-term economic growth. The idea that leads to economic growth is an interpretation of the residual in endogenous growth theory. For Schumpeter, entrepreneurship resulted in new industries and in new combinations of currently existing inputs, Schumpeters initial example of this was the combination of a steam engine and then current wagon making technologies to produce the horseless carriage. In this case the innovation, the car, was transformational and it did not immediately replace the horse-drawn carriage, but in time, incremental improvements reduced the cost and improved the technology, leading to the modern auto industry. Despite Schumpeters early 20th-century contributions, traditional microeconomic theory did not formally consider the entrepreneur in its theoretical frameworks, in this treatment, the entrepreneur was an implied but unspecified actor, consistent with the concept of the entrepreneur being the agent of x-efficiency. For Schumpeter, the entrepreneur did not bear risk, the capitalist did, Schumpeter was of the opinion that entrepreneurs shift the Production Possibility Curve to a higher level using innovations. Cantillon emphasized the willingness of the entrepreneur to assume risk and to deal with uncertainty, thus, he draws attention to the function of the entrepreneur, and distinguishes clearly between the function of the entrepreneur and the owner who provides the money
8.
Telecommuting
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Telecommuting is a work arrangement in which employees do not commute or travel to a central place of work, such as an office building, warehouse or store. Although the concepts of telecommuting and telework are closely related, there is a difference between the two, all types of technology-assisted work conducted outside of a centrally located work space are regarded as telework. Telecommuters often maintain an office and usually work from an alternative work site from 1 to 3 days a week. Telecommuting refers more specifically to work undertaken at a location that reduces commuting time, in the 1990s, telecommuting became the subject of pop culture attention. In 1995, the motto that work is something you do, variations of this motto include, Work is something we DO, not a place that we GO and Work is what we do, not where we are. Telecommuting has been adopted by a range of businesses, governments, organizations may use telecommuting to reduce costs. Some organizations adopt telecommuting to improve quality of life, as teleworking typically reduces commuting time and time stuck in traffic jams. As well, teleworking may make it easier for workers to balance their work responsibilities with family roles, some organizations adopt teleworking for environmental reasons, as telework can reduce congestion and air pollution, as it can reduce the number of cars on the roads. Telecommuting is also called remote work, telework, or teleworking, a person who telecommutes is known as a telecommuter, teleworker, and sometimes as a home-sourced, or work-at-home employee. Many telecommuters work from home, while others, sometimes called nomad workers work at coffee shops or other locations, the terms telecommuting and telework were coined by Jack Nilles in 1973. The number of reported to have worked from their home on their primary job in 2010 has been reported as 9.4 million, though. Very few companies employ large numbers of home-based full-time staff, the call center industry is one notable exception, several U. S. call centers employ thousands of home-based workers. For many employees, the option to work from home is available as an employee benefit, studies show that at-home workers are willing to earn up to 30% less and experience heightened productivity. In 2009, the United States Office of Personnel Management reported that approximately 103,000 federal employees were teleworking, however, less than 14,000 were teleworking three or more days per week. On December 9,2010, the U. S, for example, telework allows employees to better manage their work and family obligations and thus helps retain a more resilient Federal workforce better able to meet agency goals. Study results from the 2013 Regus Global Economic Indicator were published in September 2013, the study engaged over 26,000 business managers across 90 countries, with 55% of respondents stating that the effective management of remote workers is an attainable goal. A living list of fully distributed companies can be found here, forrester Research’s US Telecommuting Forecast reporting that 34 million Americans work from home and the number is expected to reach a staggering 63 million – or 43% of the U. S. workforce – by 2016. Cisco reports that the company has generated an annual savings of $277 million in productivity by allowing employees to telecommute
9.
Pensions
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The terms retirement plan and superannuation tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, called retirement plans in the United States, they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans in Australia and New Zealand. Retirement pensions are typically in the form of a life annuity. A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension, labor unions, the government, or other organizations may also fund pensions. Occupational pensions are a form of deferred compensation, usually advantageous to employee, many pensions also contain an additional insurance aspect, since they often will pay benefits to survivors or disabled beneficiaries. Other vehicles may provide a stream of payments. The common use of the pension is to describe the payments a person receives upon retirement. A recipient of a retirement pension is known as a pensioner or retiree, a retirement plan is an arrangement to provide people with an income during retirement when they are no longer earning a steady income from employment. Often retirement plans require both the employer and employee to contribute money to a fund during their employment in order to receive defined benefits upon retirement and it is a tax deferred savings vehicle that allows for the tax-free accumulation of a fund for later use as a retirement income. Funding can be provided in other ways, such as labor unions, government agencies. Pension plans are therefore a form of deferred compensation, a SSAS is a type of employment-based Pension in the UK. Some countries also grant pensions to military veterans, military pensions are overseen by the government, an example of a standing agency is the United States Department of Veterans Affairs. Ad hoc committees may also be formed to investigate specific tasks, Commission on Veterans Pensions in 1955–56. In early 2017, the Wall Street Journal reported the percentage of American private-sector workers who have a pension is 13%. Many countries have created funds for their citizens and residents to provide income when they retire, typically this requires payments throughout the citizens working life in order to qualify for benefits later on. A basic state pension is a contribution based benefit, and depends on an individuals contribution history, for examples, see National Insurance in the UK, or Social Security in the United States of America. Many countries have put in place a social pension. These are regular, tax-funded non-contributory cash transfers paid to older people, over 80 countries have social pensions
10.
Unemployment
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During periods of recession, an economy usually experiences a relatively high unemployment rate. According to International Labour Organization report, more than 200 million people globally or 6% of the workforce were without a job in 2012. There remains considerable debate regarding the causes, consequences and solutions for unemployment. Classical economics, new classical economics, and the Austrian School of economics argue that market mechanisms are reliable means of resolving unemployment, Keynesian economics emphasizes the cyclical nature of unemployment and recommends government interventions in the economy that it claims will reduce unemployment during recessions. This theory focuses on recurrent shocks that suddenly reduce aggregate demand for goods and services, Keynesian models recommend government interventions designed to increase demand for workers, these can include financial stimuli, publicly funded job creation, and expansionist monetary policies. Structural arguments emphasize causes and solutions related to disruptive technologies and globalization, Causes and solutions for frictional unemployment often address job entry threshold and wage rates. Behavioral economists highlight individual biases in decision making, and often involve problems and solutions concerning sticky wages, for centuries, experts have predicted that machines would make workers obsolete and increase unemployment. The state of being without any work both for an educated & uneducated person, for earning ones livelihood is meant by unemployment, some additional types of unemployment that are occasionally mentioned are seasonal unemployment, hardcore unemployment, and hidden unemployment. Though there have been several definitions of voluntary and involuntary unemployment in the economics literature, voluntary unemployment is attributed to the individuals decisions, whereas involuntary unemployment exists because of the socio-economic environment in which individuals operate. In these terms, much or most of frictional unemployment is voluntary, on the other hand, cyclical unemployment, structural unemployment, and classical unemployment are largely involuntary in nature. So, in practice, the distinction between voluntary and involuntary unemployment is hard to draw and this happens with cyclical unemployment, as macroeconomic forces cause microeconomic unemployment which can boomerang back and exacerbate these macroeconomic forces. Classical, or real-wage unemployment, occurs when real wages for a job are set above the market-clearing level causing the number of job-seekers to exceed the number of vacancies. On the other hand, some argue that as wages fall below a livable wage many choose to drop out of the labor market. This is especially true in countries where low-income families are supported through public welfare systems, in such cases, wages would have to be high enough to motivate people to choose employment over what they receive through public welfare. Wages below a livable wage are likely to result in lower labor market participation in above stated scenario, in addition it must be noted that consumption of goods and services is the primary driver of increased need for labor. Higher wages leads to workers having more available to consume goods. Therefore, higher wages increase general consumption and as a result need for labor increases, many economists have argued that unemployment increases with increased governmental regulation. For example, minimum wage laws raise the cost of some low-skill laborers above market equilibrium, laws restricting layoffs may make businesses less likely to hire in the first place, as hiring becomes more risky
11.
World War II
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World War II, also known as the Second World War, was a global war that lasted from 1939 to 1945, although related conflicts began earlier. It involved the vast majority of the worlds countries—including all of the great powers—eventually forming two opposing alliances, the Allies and the Axis. It was the most widespread war in history, and directly involved more than 100 million people from over 30 countries. Marked by mass deaths of civilians, including the Holocaust and the bombing of industrial and population centres. These made World War II the deadliest conflict in human history, from late 1939 to early 1941, in a series of campaigns and treaties, Germany conquered or controlled much of continental Europe, and formed the Axis alliance with Italy and Japan. Under the Molotov–Ribbentrop Pact of August 1939, Germany and the Soviet Union partitioned and annexed territories of their European neighbours, Poland, Finland, Romania and the Baltic states. In December 1941, Japan attacked the United States and European colonies in the Pacific Ocean, and quickly conquered much of the Western Pacific. The Axis advance halted in 1942 when Japan lost the critical Battle of Midway, near Hawaii, in 1944, the Western Allies invaded German-occupied France, while the Soviet Union regained all of its territorial losses and invaded Germany and its allies. During 1944 and 1945 the Japanese suffered major reverses in mainland Asia in South Central China and Burma, while the Allies crippled the Japanese Navy, thus ended the war in Asia, cementing the total victory of the Allies. World War II altered the political alignment and social structure of the world, the United Nations was established to foster international co-operation and prevent future conflicts. The victorious great powers—the United States, the Soviet Union, China, the United Kingdom, the Soviet Union and the United States emerged as rival superpowers, setting the stage for the Cold War, which lasted for the next 46 years. Meanwhile, the influence of European great powers waned, while the decolonisation of Asia, most countries whose industries had been damaged moved towards economic recovery. Political integration, especially in Europe, emerged as an effort to end pre-war enmities, the start of the war in Europe is generally held to be 1 September 1939, beginning with the German invasion of Poland, Britain and France declared war on Germany two days later. The dates for the beginning of war in the Pacific include the start of the Second Sino-Japanese War on 7 July 1937, or even the Japanese invasion of Manchuria on 19 September 1931. Others follow the British historian A. J. P. Taylor, who held that the Sino-Japanese War and war in Europe and its colonies occurred simultaneously and this article uses the conventional dating. Other starting dates sometimes used for World War II include the Italian invasion of Abyssinia on 3 October 1935. The British historian Antony Beevor views the beginning of World War II as the Battles of Khalkhin Gol fought between Japan and the forces of Mongolia and the Soviet Union from May to September 1939, the exact date of the wars end is also not universally agreed upon. It was generally accepted at the time that the war ended with the armistice of 14 August 1945, rather than the formal surrender of Japan
12.
Retirement
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Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours, an increasing number of individuals are choosing to put off this point of total retirement, by selecting to exist in the emerging state of Pre-tirement. In most countries, the idea of retirement is of recent origin, being introduced during the late 19th, previously, low life expectancy and the absence of pension arrangements meant that most workers continued to work until death. Germany was the first country to introduce retirement, in 1889, nowadays, most developed countries have systems to provide pensions on retirement in old age, which may be sponsored by employers and/or the state. In many poorer countries, support for the old is still provided through the family. Today, retirement with a pension is considered a right of the worker in many societies, in many western countries this right is mentioned in national constitutions. Retirement, or the practice of leaving ones job or ceasing to work after reaching an age, has been around since around the 18th century. Prior to the 18th century, the life expectancy of people was between 26 and 40 years. Due to this, only a percentage of the population were reaching an age where physical impairments began to be obstacles to working. Retirement as a government policy began to be adopted by countries during the late 19th century, a person may retire at whatever age they please. However, a countrys tax laws and/or state old-age pension rules usually mean that in a country a certain age is thought of as the standard retirement age. The standard retirement age varies from country to country but it is generally between 50 and 70, in some countries this age is different for males and females, although this has recently been challenged in some countries, and in some countries the ages are being brought into line. The table below shows the variation in eligibility ages for public benefits in the United States and many European countries. Notes, Parentheses indicate eligibility age for women when different, 1–2, OECD Pensions at a Glance, Cols. 3–6, Tabulations from HRS, ELSA and SHARE, square brackets indicate early retirement for some public employees. * In France, the retirement age has been extended to 62 and 67 respectively, for those turning 65 in 2008, full benefits will be payable beginning at age 66. Public servants are not covered by Social Security but have their own pension programs. Military members of the US Armed Forces may elect to retire after 20 years of active duty and their retirement pay is calculated on total number of years on active duty, their final pay grade and the retirement system in place when they entered service
13.
We Can Do It!
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We Can Do It. is an American wartime propaganda poster produced by J. Howard Miller in 1943 for Westinghouse Electric as an inspirational image to boost worker morale. The poster was very little during World War II. It was rediscovered in the early 1980s and widely reproduced in many forms, but also called Rosie the Riveter after the iconic figure of a strong female war production worker. Image was used to promote feminism and other political issues beginning in the 1980s, the image made the cover of the Smithsonian magazine in 1994 and was fashioned into a US first-class mail stamp in 1999. It was incorporated in 2008 into campaign materials for several American politicians, the poster is one of the ten most-requested images at the National Archives and Records Administration. After its rediscovery, observers assumed that the image was always used as a call to inspire women workers to join the war effort. However, during the war the image was strictly internal to Westinghouse, displayed only during February 1943, after she saw the Smithsonian cover image in 1994, Geraldine Hoff Doyle said that she was the subject of the poster. Doyle thought that she had also captured in a wartime photograph of a woman factory worker. Conflating her as Rosie the Riveter, Doyle was honored by organizations including the Michigan Womens Historical Center. However, in 2015, the woman in the photograph was identified as 20-year-old Naomi Parker. Doyles notion that the photograph inspired the poster cannot be proved or disproved, so first Doyle, after the Japanese attack on Pearl Harbor, the U. S. government called upon manufacturers to produce greater amounts of war goods. The workplace atmosphere at large factories was often tense because of resentment built up between management and labor unions throughout the 1930s, directors of companies such as General Motors sought to minimize past friction and encourage teamwork. The poster read, Together We Can Do It. and Keep Em Firing, the intent of the poster project was to raise worker morale, to reduce absenteeism, to direct workers questions to management, and to lower the likelihood of labor unrest or a factory strike. Each of the more than 42 posters designed by Miller was displayed in the factory for two weeks, then replaced by the one in the series. Most of the featured men, they emphasized traditional roles for men and women. One of the posters pictured a smiling male manager with the words Any Questions About Your Work, no more than 1,800 copies of the 17-by-22-inch We Can Do It. The targeted factories were making plasticized helmet liners impregnated with Micarta, mostly women were employed in this enterprise, which yielded some 13 million helmet liners over the course of the war. The upbeat image served as propaganda to boost employee morale
14.
Rosie the Riveter
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Rosie the Riveter is a cultural icon of the United States, representing the American women who worked in factories and shipyards during World War II, many of whom produced munitions and war supplies. These women sometimes took entirely new jobs replacing the workers who were in the military. Rosie the Riveter is used as a symbol of feminism and womens economic power, similar images of women war workers appeared in other countries such as Britain and Australia. Rosie the Riveter became the subject and title of a song, during World War I women across the United States were employed in jobs previously done by men. Nearly 19 million women held jobs during World War II, many of these women were already working in a lower paying job or were returning to the work force after being laid off during the depression. Only three million new workers entered the workforce during the time of the war. Although most women took on male dominated trades during World War II, one government advertisement asked women, Can you use an electric mixer. If so, you can learn to operate a drill, propaganda was also directed at their husbands, many of whom were unwilling to support such jobs. Many of the women who took jobs during World War II were mothers and these women with children at home pooled together in their efforts to raise their families. They assembled into groups and shared such chores as cooking, cleaning and washing clothes, many who did have young children shared apartments and houses so they could save time, money, utilities and food. If they both worked, they worked different shifts so they could take turns babysitting. Taking on a job during World War II made people unsure if they should urge the women to keep acting as full-time mothers, being able to support the soldiers by making all different products made the women feel very accomplished and proud of their work. Over 6 million women got war jobs, African American, Hispanic, White, in the book A Mouthful of Rivets Vi Kirstine Vrooman shares about the time when she decided to take action and become a riveter. She got a job building B-17s on a line, she shares just how exciting it was saying. You cant believe the feeling we had, once women accepted the challenge of the workforce they continued to make strong advances towards equal rights. In 1944, when victory seemed assured for the United States, later, many women returned to traditional work such as clerical or administration positions, despite their reluctance to re-enter the lower-paying fields. However, some of these women continued working in the factories, the overall percentage of women working fell from 36% to 28% in 1947. The term Rosie the Riveter was first used in 1942 in a song of the name written by Redd Evans
15.
Knowledge worker
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Knowledge workers are workers whose main capital is knowledge. Examples include software engineers, physicians, pharmacists, architects, engineers, scientists, public accountants, lawyers, Knowledge work can be differentiated from other forms of work by its emphasis on non-routine problem solving that requires a combination of convergent, divergent, and creative thinking. But despite the amount of research and literature on knowledge work, mosco and McKercher outline various viewpoints on the matter. It should thus be acknowledged that the knowledge worker can be quite broad in its meaning. Knowledge workers spend 38% of their time searching for information and they are also often displaced from their bosses, working in various departments and time zones or from remote sites such as home offices and airport lounges. As businesses increase their dependence on technology, the number of fields in which knowledge workers must operate has expanded dramatically. Managing knowledge workers can be a difficult task, most knowledge workers prefer some level of autonomy, and do not like being overseen or managed. Those who manage knowledge workers are often knowledge workers themselves, or have been in the past, projects must be carefully considered before assigning to a knowledge worker, as their interest and goals will affect the quality of the completed project. Knowledge workers must be treated as individuals, the manner in which each of the creative applications is applied is dependent on the role of the creative workers. This type of work includes a combination of skill sets or ‘creative knowledge work capacities. Other sector-related creative applications include a connection in the advertising sector. Creative workers also require abilities and aptitudes, linking these abilities and capacities are collaborative ways of working, which the findings from this study have identified. The two modes of working ranged from individual to collaborative where a worker might be doing either or both depending on the specific activity, the abilities to traverse between these two work modes alongside the relevant creative application are part of the complexity of this style of working. Creative workers also require an understanding of forms of knowledge. These are related to such as those from the humanities. Creative knowledge workers also require technical-related knowledge such as mathematics and computer sciences, in the IT software sector, technical knowledge of software languages is especially significant for programmers as ascertained in the findings. The technical know-how for a creative director relates only to the understanding of the possibilities of technologies in order to capitalise on the technical wizardry, the technical specialists are then required to execute the creative directors vision. As ascertained in the findings, there was other non-disciplinary knowledge, interviewees mentioned tacit experiences from their past work and life experiences, which they used to draw upon in performing their creative knowledge work
16.
Marketplace
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A market, or marketplace, is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a place may be described as a souk, bazaar. Some markets operate on most days, others may be once a week. The term, market comes from the Latin mercatus, the exact phrase was “Ic wille þæt markete beo in þe selue tun, ” which roughly translates as “I want to be at that market in the good town. ”Markets have existed since ancient times. Open air, public markets were known in ancient Babylonia and Assyria and these markets were typically situated in the towns centre where they were surrounded by alleyways occupied by skilled artisans, such as metal-workers and leather workers. These artisans may have sold wares directly from their premises, in ancient Greece markets operated within the agora, and in ancient Rome the forum. In the Graeco-Roman world, the market primarily served the local peasantry. They would sell small surpluses from their farming activities, purchase minor farm equipment. Major producers such as the estates were sufficiently attractive for merchants to call directly at their farm-gates. The very wealthy landowners managed their own distribution, which may have involved exporting, the nature of export markets in antiquity is well documented in ancient sources and archaeological case studies. At Pompeii multiple markets served the population of approximately 12,000, produce markets were located in the vicinity of the Forum, while livestock markets were situated on the citys perimeter, near the amphitheatre. A long narrow building at the north-west corner of the Forum was some type of market, on the opposite corner stood the macellum, thought to have been a meat and fish market. Market stall-holders paid a tax for the right to trade on market days. Some archaeological evidence suggests that markets and street vendors were controlled by local government, a graffito on the outside of a large shop documents a seven-day cycle of markets, Saturn’s day at Pompeii and Nuceria, Sun’s day at Atella and Nola, Moon’s day at Cumae. etc. The presence of an official commercial calendar suggests something of the importance to community life. Markets were also important centres of social life, in early Western Europe, markets developed close to monasteries, castles or royal residences. Priories and aristocratic manorial households created considerable demand for goods and services - both luxuries and necessities and these centres of trade attracted sellers and would stimulate the growth of the town. A charter would protect trading privileges in return for an annual fee, from the 11th and 12th century, the number of markets and fairs burgeoned
17.
International Labour Organization
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The International Labour Organization is a United Nations agency dealing with labour problems, particularly international labour standards, social protection, and work opportunities for all. The ILO has 187 member states,186 of the 193 UN member states plus the Cook Islands are members of the ILO, the ILO registers complaints against entities that are violating international rules, however, it does not impose sanctions on governments. Unlike other United Nations specialized agencies, the International Labour Organization has a governing structure – representing governments, employers. The rationale behind the structure is the creation of free and open debate among governments. The ILO secretariat is referred to as the International Labour Office, juan Somavía was the ILOs director-general from 1999 until October 2012, when Guy Ryder was elected as his replacement. This governing body is composed of 28 government representatives,14 workers representatives, ten of the government seats are held by member states that are nations of chief industrial importance, as first considered by an impartial committee. The nations are Brazil, China, France, Germany, India, Italy, Japan, the Russian Federation, the United Kingdom, the terms of office are three years. The ILO organizes the International Labour Conference in Geneva every year in June, also known as the parliament of labour, the conference also makes decisions about the ILOs general policy, work programme and budget. Each member state has four representatives at the conference, two government delegates, a delegate and a worker delegate. All of them have individual voting rights, and all votes are equal, the employer and worker delegates are normally chosen in agreement with the most representative national organizations of employers and workers. Usually, the workers delegates coordinate their voting, as do the employers delegates, all delegate have the same rights, and are not required to vote in blocs. Through July 2011, the ILO has adopted 189 conventions, if these conventions are ratified by enough governments, they become in force. However, ILO conventions are considered international labour standards regardless of ratification, when a convention comes into force, it creates a legal obligation for ratifying nations to apply its provisions. Every year the International Labour Conferences Committee on the Application of Standards examines a number of alleged breaches of international labour standards, governments are required to submit reports detailing their compliance with the obligations of the conventions they have ratified. Conventions that have not been ratified by member states have the legal force as do recommendations. In 1998, the 86th International Labour Conference adopted the Declaration on Fundamental Principles, the ILO asserts that its members have an obligation to work towards fully respecting these principles, embodied in relevant ILO Conventions. The ILO Conventions which embody the principles have now been ratified by most member states. Recommendations do not have the force of conventions and are not subject to ratification
