ADMS 1000 Lecture Notes - Lecture 2: Perfect Competition, Precarious Work, Collective Bargaining

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Indira Somwaru

Document Summary

What is a(cid:374) (cid:862)e(cid:373)plo(cid:455)ee(cid:863) (cid:272)o(cid:373)pared to a(cid:374) i(cid:374)depe(cid:374)de(cid:374)t co(cid:374)tra(cid:272)tor: degree of control. What is a(cid:374) (cid:862)e(cid:373)plo(cid:455)ee(cid:863) (cid:272)o(cid:373)pared to an independent contractor: degree of economic risk. What is a(cid:374) (cid:862)e(cid:373)plo(cid:455)ee(cid:863) (cid:272)o(cid:373)pared to a(cid:374) i(cid:374)depe(cid:374)de(cid:374)t co(cid:374)tra(cid:272)tor: degree to which worker performs an essential service for an organization. What is a(cid:374) (cid:862)e(cid:373)plo(cid:455)ee(cid:863) (cid:272)o(cid:373)pared to a(cid:374) i(cid:374)depe(cid:374)de(cid:374)t co(cid:374)tra(cid:272)tor: degree to which the organization provides the necessary tools. Not entitled to as many social protections. Government and unions should not interfere in business. Competitive markets and supply and demand will allow: Have adequate information to understand what is in their best interests. Businesses and workers share a common interest: for the business to be a success. Management will treat workers well in order for workers to be productive. U(cid:374)io(cid:374)s are (cid:374)ot (cid:374)eeded (cid:271)e(cid:272)ause (cid:373)a(cid:374)age(cid:373)e(cid:374)t will look out for e(cid:373)plo(cid:455)ees(cid:859) (cid:272)o(cid:374)(cid:272)er(cid:374)s. Interests of workers and owners are in conflict.