Efficiency & employment

Through years in modern societies the maintaining low unemployment and sufficient job security was a vital part of governmental social policy. But in the latest days it has become hard to fullfill this function and employees all over the world are increasingly at risk. The chances of their jobs disappearing, of their incomes falling, of their homes being repossessed or being impossible to sell, of their families breaking up, of their networks of friendships disintegrating, have not been higher since the war.
On top of the long-standing concerns about the growing gap between rich and poor. But they are no longer the sole measures of inequality and lack of social well being, there is a new range of risks that are bringing fresh patterns of social distress and exclusion; with the rise of new forms of casualized, tempоrаrу and contract forms of employment, even those on average incomes and above can become victims of pressures beyon their control. They too can be left partially or completely excluded from their social networks.
The risk on workforces has increased as successive Employment Acts have reduced employee protection and as companies have come under intense and growing pressure from pension funds and insurance company shareholders to deliver the highest financial returns in the industrialized world. In times of fierce competition firms must be effective. Companies can profitably manage the еbb and flow of demand over the business cycle if they reduce their core staff to а minimum and hire additional workers on contracts which will allow them to be shed quickly if times get rough. The company bears less risk. The risk is borne by their fluctuating labour force. The famous example is of Burger King, where young workers clocked on when customers appeared; this reduced their wages to а derisory level but ensured that...

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