Labor & Labor Relations Issues
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1. The argument that a free labor market is part and parcel of the economist's imagination has credence for the reason that labor in the classical model is more or less a structural component of the real core of the classical economist's interest: the competition of capital. The labor factor of economic activity inevitably imposes a moral content on the relationship between labor and capital, and the classical description of economic operations does not admit of moral content. That is, it is not normative but descriptive, and as such it cannot particularly take account of the needs and wants and intentions and psychology of the persons who make up the labor force. But the fact is that the adversarial psychology of labor and management impose an extra element of social reality on labor relations for which classical economics cannot account. For the social reality about labor is that it is persistently under the control of management, or the institution whereby labor is valued and paid for. It is true that Adam Smith's Wealth of Nations held that the labor force comprised such wealth. But Marcuse's discussion of Marx suggests that Marx understood the implication of objectifying the discussion of labor as if it had the same constituents as other elements of economics, such as supply, demand, competition, innovation, capital, etc. The core of Marx's argument is a distinction between "concrete" and "abstract" labor: The classical economists designated 'labor'
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tage for the reason that they could target segments of high tech management in a way that would compel the trade to remain onshore and to invest in the upscaling of worker skills on the domestic scene. This would probably require an upscaling of wage levels in a way that would increase the labor costs associated with high tech operations; however, the history of those costs at worker level is so low that the only disadvantage would be taken care of in profit margins, not in the difference between profit and loss. Further, industry repeatedly voices concern that its labor force is not well trained or literate. Industry sponsored training would upgrade skills and increase general levels of competence in the labor force. Long term, this would have the effect of retrenching the strength of the industry itself.
The Walton and McKersie behavior model of labor negotiations could be used by the union and company negotiators to develop their respective bargaining strategies if management were to bring labor into the process of strategic planning, and if labor were to seek access to management for purposes of setting and managing policy in a way that was not exclusively adversarial. That would mean integrating labor into the top of
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Some common words found in the essay are:
Supreme Court, Wagner Act, International Company, Traffic Controllers, Wealth Nations, Walton McKersie, Brookings Institution, , Affluent Society, Robert Reich, labor relations, labor force, labor management, labor contract, collective bargaining, mckersie robert, classical economics, wage scales, labor costs, assembly line, york basic books, training workers hic, social reality labor, classical economics account, noted unionized industries,
Approximate Word count = 3770
Approximate Pages = 15 (250 words per page)
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