What are some of the consequences of the changing economy in
What are some of the consequences of the changing economy in the 21st century?
disposable workforce
part-time, nonstandardized, temporary work
unemployment
all of the above
poverty-level wages
| A. | disposable workforce | |
| B. | part-time, nonstandardized, temporary work | |
| C. | unemployment | |
| D. | all of the above | |
| E. | poverty-level wages |
Solution
21st century is characterised by the casualisation of work force, and due to use of capital intensive techniques in production , unemployment level is also on rise.
competition among the wage earner is pushing wage rate down.
Right answer is (D)
