Labor relations: Striking a balance
A.) As an employee, what kind of voice would you like on a job? Would this make you more productive? Should whether or not you are more productive be the only criterion for whether or not you should have this voice in the workplace?
B.) Pareto optimality says that no one can be made better off without making someone else worse off. Otherwise, if someone can be made better off without harming someone else, the current situation is wasteful (efficiency). Do you agree or disagree? Why or why not?
C.) Think of jobs you or someone you know has had. What was undesirable about these jobs? Was the pay too low? Hours too long? Were you treated poorly? Which of the four schools of thought best explains the causes of these undesirable aspects? What would you try to do to redress these undesirable features?
Sample Solution