Abstract: Inflation can be calculated from either the prices of consumer products or from salaries. This paper presents a logical exercise that shows it is easier to calculate inflation from salaries than from consumer products. While the prices of consumer products may change due to technological advancement, such as automation, which must be corrected for, salaries do not. If technological advancements are not accounted for within calculations based on consumer product prices, inflation can be confused with real wage changes, since both inflation and real wage changes affect the prices of consumer products. The method employed in this paper is a logical exercise. Logical arguments are presented that suggest the existence of many different feasible ways by which inflation can be determined. Then a short mathematical exercise will be presented which shows that one of these methods –using salaries – contains the fewest number of unknown parameters, and hence, is the preferred method, since the risk of mistakes is lower. From the results, it can be concluded that salaries, rather than consumer products, should be used to calculate inflation.
Abstract: This research studies the factors influencing the wages of native workers in Thailand's construction industry. The sample used comprised some 156 native construction workers from Songkhla Province, Thailand. The utilized research instrument was a questionnaire, with the data being analyzed according to frequency, percentage, and regression analysis. The results revealed that in general, native Thai construction workers are generally married males aged between 26 and 37 years old. They typically have four to six years of education, are employed as laborers with an average salary of 4,000–9,200 baht per month, and have fewer than five years of work experience. Most Thai workers work five days a week. Each establishment typically has 10–30 employees, with fewer than 10 of these being migrant workers in general. Most Thai workers are at a 20% to 40% risk from work, and they have never changed employer. The average wage of Thai workers was found to be 10,843.03 baht per month with a standard deviation of 4,898.31 baht per month. Hypothesis testing revealed that position, work experience, and the number of times they had switched employer were the factors most affecting the wages of native Thai construction workers. These three factors alone explain the salaries of Thai construction workers at 51.9%.
Abstract: New Zealand-s product markets experienced a surge in
import competition beginning from the late 1970-s when its
government began to promote a policy of more open markets. This
study considers how the trade liberalization aspect of the policy may
have influenced unionization and union-organizing success. For
describing the trade liberalization, a model shows how the removal of
import tariffs can lead to countervailing influences upon the union
membership of a domestic firm. The evidence supports the prediction
that union membership has been decreased rather than increased. In
the context of debates concerning globalization, it can be said that the
power of unions has been diminished.
Abstract: We intend to point out the differences which exist
between the classical Gini concentration coefficient and a proposed
bipolarization index defined for an arbitrary random variable which
have a finite support.
In fact Gini's index measures only the "poverty degree" for the
individuals from a given population taking into consideration their
wages. The Gini coefficient is not so sensitive to the significant
income variations in the "rich people class" .
In practice there are multiple interdependent relations between the
pauperization and the socio-economical polarization phenomena. The
presence of a strong pauperization aspect inside the population
induces often a polarization effect in this society. But the
pauperization and the polarization phenomena are not identical. For
this reason it isn't always adequate to use a Gini type coefficient,
based on the Lorenz order, to estimate the bipolarization level of the
individuals from the studied population.
The present paper emphasizes these ideas by considering two
families of random variables which have a linear or a triangular type
distributions. In addition, the continuous variation, depending on the
parameter "time" of the chosen distributions, could simulate a real
dynamical evolution of the population.
Abstract: This paper develops models to analyze the
relationship between leisure time and wage change. Using Thailand-s
Time Use Survey and Labor Force Survey data, the estimation of
wage changes in response to leisure time change indicates that media
receiving, personal care and social participation and volunteer
activities are the ones that significantly raise hourly wages. Thus, the
finding suggests the stimulation in time use for media access to
enhance knowledge and productivity, personal care for attractiveness
and healthiness in order to raise productivity, and social activities to
develop connections for possible future opportunities including wage
increase. These activities should be promoted for productive leisure
time and for welfare improvement.