The Effect Of Increasing Government Employment On Growth

Author : Johnny Ch Lok
Publisher : Independently Published
ISBN 13 : 9781792957994
Total Pages : 36 pages
Book Rating : 4.9/5 (579 download)

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Download or read book Abnormal Working Hours Can Raise Or Reduce written by Johnny Ch Lok and published by Independently Published. This book was released on 2018-12-31 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Any countrie's economic growth are usually calculated in real terms. i.e. inflation adjusted terms to eliminate the effect of inflation on the price of products produced. Economic growth has the indirect potential to reduce poverty, as a result of an increase in employment opportunities and increased labor productivity. However, employment is no guarantee of escaping poverty. The international labor organization estimates that is as many as 40% of workers are poor, not earning enough to keep families above the $2 a day poverty line. For instance, in India, poor are wage earner in formal employment because jobs are insecure and low paid and offer no chance to accumulate wealth to avoid risk, other countries found bigger benefits from focusing more no productivity improvement than low skilled work. Thus, increase in employment without increase in productivity lead to rise in the number of working poor and these countries don't apply the creation of quality and not quantity in labor market policies. In Vietnam, for example, employment growth has slowed when productivity growth has continued. Furthermore, productivity increases don't always lead to increase wages, e.g. United States, the gap between productivity and wages was been rising since the 1980 year. The overseas Development Institute study showed that other sectors were just as important in reducing unemployment as manufacturing.Nowadays, the services sector is most effective as translating productivity growth into employment growth in Hong Kong. The HK Government forecast (2012) indicated that "HK's economy has slowed, growing by 0.9% year-on year in the half of 2012 year, after expanding by 5% in 2011 year. For 2012 year, the economy is forecast to grow at 1-2%. Consumer prices increased by 5.3% in 2011 year and 4.7% year-on-year in the first half of 2012 year. The unemployment rate was 3.2% for April-June 2012 year, compared with 3.4% for 2011 year." Although, it seemed that unemployment rate decreased 0.2% for April to June 2012, but its unemployment was still existed. Moreover, HK's economy has slowed to grow by 0.9% only year-on-year in the first half of 2012 year and HK government forcast to grow at 1-2% for 2012. By United States Government statistic in 2006 year, the average man employed full time worked 8.4 hours mandatory minimum amount of paid time off for sickness or holiday. However, regular full time workers often have the opportunity to take about nine days off for various holiday. However, regular full time workers of skill leave and two weeks ( 10 business days) of paid holiday time with some workers receiving additional time after several years. Because of the pressure of working time with some workers receiving additional time after several years. It seems United States developed countries some workers still feel pressure of working shorten working hours can reduce the pressure of working. In fact, HK many professional workers put in longer hours than the forty hour standard per week. A forty hours work week is considered inadequate and may result in job loss or failure to be promoted. Although, these employers don't spend much salary expenditures to employ extra professional workers to share whose workload and who can perform to serve whose clients efficiently in the short time. But in the long time, it is possible that who will work pressure possibly due to who need to serve many clients every day, and whose working performance will become to be poor to cause inefficiently.