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Humanities/Arts Exam  >  Humanities/Arts Questions  >  Moving from self employment and regular emplo... Start Learning for Free
Moving from self employment and regular employment to temporary work is referred to as:
  • a)
    Casualization of workforce
  • b)
    Frictional unemployment
  • c)
    Structural unemployment
  • d)
    Informalisation of workfare
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Moving from self employment and regular employment to temporary work i...
The process of moving from self-employment and regular salaried employment to casual wage work is known as casualisation of workforce.
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Moving from self employment and regular employment to temporary work i...
Casualization of Workforce

Casualization of workforce refers to the shift from permanent, stable employment to temporary, casual work arrangements. This transition often involves moving from self-employment or regular employment to short-term or contract-based roles. Here are some key points to understand casualization of workforce:

- Increased Flexibility: Casualization of workforce offers employers more flexibility in managing their labor force. They can easily adjust staffing levels based on business needs without the long-term commitment of permanent positions.

- Cost Savings: Temporary workers are often paid by the hour or project, which can be more cost-effective for employers compared to providing benefits and job security to permanent employees.

- Job Insecurity: Casualization of workforce can lead to job insecurity for workers, as they may not have the stability or benefits associated with permanent positions. This can result in financial instability and stress for individuals.

- Impact on Labor Market: The casualization of workforce can impact the overall labor market by contributing to a rise in non-standard forms of employment. This can lead to challenges in terms of income security, career progression, and social protections for workers.

- Policy Implications: Governments and organizations may need to address the implications of casualization of workforce through policies that protect workers' rights, ensure fair wages, and promote job security in the changing labor market.

Overall, casualization of workforce represents a shift towards more temporary and flexible work arrangements, which can have both benefits and challenges for both employers and workers.
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Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?

Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What happened in Poland after the initial success of the shock therapy?

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Moving from self employment and regular employment to temporary work is referred to as:a)Casualization of workforceb)Frictional unemploymentc)Structural unemploymentd)Informalisation of workfareCorrect answer is option 'A'. Can you explain this answer?
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