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Exact(9)
"Will employment accelerate when the market starts to grow?
Unless you are among the lucky few who are bringing on the change, what will employment look like?
The decline of labor unions has left almost all working Americans captives of "at will" employment, a judicially created fiction that European workers would find intolerable.
"The government repeatedly told us that if chaebol grow, so will employment, exports and our country's credit ratings, and the benefit will trickle down to us," said Hong Ji-gwang, 47, owner of a cosmetics shop who is leading a campaign to drive a Home Plus hypermarket out of the Hapjeong district in Seoul.
The United States has an "at will" employment system which allows for the dismissal of workers for any reason, or for no reason at all.
The economic claim is that if you lower prices, spending will increase and so will employment.
Similar(51)
It has left the United States as one of only a handful of countries embracing at-will employment, which allows employers to terminate employees with or without cause (for reasons as absurd as the employee's private sex life or the color of their clothing).
He acknowledges that just cause employment rules are costly, but believes that avoidance of those costs, in favor of more efficient at-will employment relations, will motivate employers to be more generous in their wage offers.
The debate over at-will employment is a debate not about what employers and employees ought or ought not to do, but instead about the merits of taking the terms of employment continuation out of the realm of contract and into the realm of public policy.
At-will employment thus constitutes a default contract it is the agreement that obtains between employers and employees absent an agreement to the contrary (e.g., a union contract).
This is known as at-will employment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com