fatherofcaitlyn
CAGiversary!
- Feedback
- 82 (100%)
Anybody want to guess what happens to wages when demand for a position is artificially increased?
Let's weave a world around Koggit's idea:
Everybody who is unemployed or underemployed is spending 40 hours a week submitting applications. Right now, that's about 20% of workers out there.
How time should be spent reviewing applications? A second per application? A minute? 5 minutes? 30 minutes?
Let's say five minutes. That means for every 12 people applying, there is a person fully employed reviewing applications. Considering that applicant might be filling out 40 applications per week, that applicant is wasting the reviewer's time 97.5% of the time. So, there is a huge heap of waste right there.
Remember that 20% early? Yeah, they're effectively being forced to take a job they have no interest in. http://gmj.gallup.com/content/14545/gallup-study-unhappy-workers-unhealthy-too.aspx
These people forced into an unpleasant position definitely will not be "engaged". So, your quality per worker drops.
http://www.rtoonline.com/content/article/oct06/EmployeeSatisfactionSurvey102506.asp
"New research shows that 66 percent of employees go to work wishing they were in a different job."
With 20 additional percent of people applying and, presumably, getting hired, I'm betting that percentage goes up. It may not be 86 percent, but it won't be lower than 66 percent.
Let's go back to the opening line: When happens to wages when more people are forced to apply for a job?
http://upload.wikimedia.org/wikipedia/en/thumb/0/07/Wage_labour.svg/380px-Wage_labour.svg.png
If the point on the supply of labor is fixed and the point on the demand of labor goes further to the right, wages decrease.
If you're a business, lower wages are great. If you're a worker, not so much.
But this only matters if you're looking for work, right?
I don't believe so. If a business is awash in applicants, what is to stop said business from reevaluating how much it pays a current worker?
If a current worker costs twice as much as a new worker, the only thing stopping the business is the cost of training a new worker. Unless training takes 6 months of pay in resources, the business is ahead in under a year. Of course, the business could just force the current worker to take a pay cut or be laid off.
To combat this, the working population has be trying to improve their current situation. To keep up with the efforts of the unemployed, the working population will have to spend 40 hours applying for jobs. Now, you have a person spending 40 hours working, 40 hours applying for job because his or her employer can easily find a replacement from the forced labor pool.
Let's review: Koggit's opinion involves creating a bunch of waste, more pissed off workers, another weapon in the businesses' arsenal for screwing over their workers and an environment where there is no job security.
How is this an improvement?
Let's weave a world around Koggit's idea:
Everybody who is unemployed or underemployed is spending 40 hours a week submitting applications. Right now, that's about 20% of workers out there.
How time should be spent reviewing applications? A second per application? A minute? 5 minutes? 30 minutes?
Let's say five minutes. That means for every 12 people applying, there is a person fully employed reviewing applications. Considering that applicant might be filling out 40 applications per week, that applicant is wasting the reviewer's time 97.5% of the time. So, there is a huge heap of waste right there.
Remember that 20% early? Yeah, they're effectively being forced to take a job they have no interest in. http://gmj.gallup.com/content/14545/gallup-study-unhappy-workers-unhealthy-too.aspx
These people forced into an unpleasant position definitely will not be "engaged". So, your quality per worker drops.
http://www.rtoonline.com/content/article/oct06/EmployeeSatisfactionSurvey102506.asp
"New research shows that 66 percent of employees go to work wishing they were in a different job."
With 20 additional percent of people applying and, presumably, getting hired, I'm betting that percentage goes up. It may not be 86 percent, but it won't be lower than 66 percent.
Let's go back to the opening line: When happens to wages when more people are forced to apply for a job?

http://upload.wikimedia.org/wikipedia/en/thumb/0/07/Wage_labour.svg/380px-Wage_labour.svg.png
If the point on the supply of labor is fixed and the point on the demand of labor goes further to the right, wages decrease.
If you're a business, lower wages are great. If you're a worker, not so much.
But this only matters if you're looking for work, right?
I don't believe so. If a business is awash in applicants, what is to stop said business from reevaluating how much it pays a current worker?
If a current worker costs twice as much as a new worker, the only thing stopping the business is the cost of training a new worker. Unless training takes 6 months of pay in resources, the business is ahead in under a year. Of course, the business could just force the current worker to take a pay cut or be laid off.
To combat this, the working population has be trying to improve their current situation. To keep up with the efforts of the unemployed, the working population will have to spend 40 hours applying for jobs. Now, you have a person spending 40 hours working, 40 hours applying for job because his or her employer can easily find a replacement from the forced labor pool.
Let's review: Koggit's opinion involves creating a bunch of waste, more pissed off workers, another weapon in the businesses' arsenal for screwing over their workers and an environment where there is no job security.
How is this an improvement?