It’s funny that despite being such an important part of the economy and our lives, not much thought is given to why we work. It is generally taken as a given while economists focus on more important work. It is usually assumed that work is something that people don’t want to do and they must be compensated with money to make them do it. No one would work unless they had to, its only the need of money that gets people up in the money. It is an article of faith among economists that people respond to incentives and this usually refers to monetary incentives. After all, didn’t the Soviet Union fall because people weren’t paid enough and therefore motivated enough to work? Simply, if you want to motivate someone to work, you must pay them to do so. Continue reading “What Motivates People To Work?”
Many economists like to think of the markets as a place where equals negotiate and bargain to find mutually beneficial deals. Employers and workers need each other and so come to a deal that benefits them both. As these agreements are reached voluntarily, there can be no injustice in the system, as otherwise why would they have agreed to it? There is therefore no need for government intervention as people are well able to look after themselves. Unfortunately, in the real world, things are very different. In the real world, employers have market power over workers that prevent the market reaching a fair balance. It is for this reason that strong unions and government intervention is needed. Continue reading “The Power Of Employers”
Some things happen in life that are so strange, that you wonder if they really happened. Some things happen that are so horrible you wish they didn’t. Some things are like a living nightmare that you can’t escape. My following story is a mix of all of the above and is so strange and awful that I can’t come up with a title that isn’t sensationalist and clichéd (so I went to the other extreme of understatement). I was so shaken by the whole event that it’s only now that I am far away that I feel comfortable telling it (I’m getting very shaky again just remembering it all while writing this).
It all began three months ago Continue reading “A Less Than Pleasant Working Experience”
In Ireland it is common for people to go abroad towards the end of college to somewhere warm and work for the summer. J1 visas are easy to get and it’s a great experience. You get a job for the summer, go drinking and do a bit of travelling. I was no different and this summer I sent 3 months in America with a group of my Irish friends. There were seven of us in a 2 bed apartment house, which was a smaller group than most Irish; it was more common to have 10-15 people in a house. It was a fantastic experience and I don’t regret it a bit, but this post is not about my J1, but rather one part of it, my job. Continue reading “Overworked and Constantly Shouted At – My J1 Working Experience”
There are few things in life as soul-crushing and depressing as being unemployed. In our modern society, people are defined by their work; your job is who you are. Those without a job are therefore excluded from society and feel as though their very identity is in question. Words cannot fully express the overwhelming sense of shame and humiliation that the unemployed feel. Even in times of severe recession they still blame themselves. There is a severe stigma attached to unemployment that makes them outsiders in society. Unemployment is a social curse that robs people of their dignity and self-respect. Continue reading “The Shame Of Unemployment”
Back in 1930 Keynes predicted that in the future people would only work 15 hours a week. We would become so productive that we could produce everything we needed while only working a short amount of time. Our lives could then be devoted to things we love and enjoy. Instead we are in a world of extremes. Some are lost in a sea of despair and hopelessness, ashamed that they cannot find work. Others are on the verge of burnout from overwork and stress, with no time for their friends or family. We need to stop and relax and enjoy things that really matter. The solution is to reduce the working week, initially to four days and then after several years to three days. There are 3 main reasons for this, it will reduce unemployment, reduce consumerism and increase leisure time. Continue reading “Three Day Working Week”