A Research about Labor Force Participation Rate and Growth Data
Studies on Balkan and Near Eastern Social Sciences, Rasim Yılmaz Günther Löschnigg, Editör, Peter Lang Publishing, Inc., Frankfurt, ss.25-35, 2017
- Yayın Türü: Kitapta Bölüm / Mesleki Kitap
- Basım Tarihi: 2017
- Yayınevi: Peter Lang Publishing, Inc.
- Basıldığı Şehir: Frankfurt
- Sayfa Sayıları: ss.25-35
- Editörler: Rasim Yılmaz Günther Löschnigg, Editör
- Ankara Yıldırım Beyazıt Üniversitesi Adresli: Evet
Özet
The classic wage fund theory claims that workers remain at the subsistence wage level in the long run. On the other hand, Marxist theory explains the similar phenomenon utilizing the concept of “reserve labor force”. Keynes stated that wages are sticky on downwards since of union effects as against the two explanations and their derivatives about wage prices are not sticky. With the decrease in the general level, absorbing the prices, which will be caused by the demand insufficiency created by the decrease in the money wages which can be brought through the increase in the labor force supply, it is considered that such prices will not have an effect over the reel prices. On the other hand, today “natural unemployment” is on the agenda which is considered as the sufficient unemployment level which is utilized to take control of the inflation rate. In short, in addition to that the increase in the labor force is the reason for economic growth within the economic theory.