LABOR PROBLEMS

International studies recorded that the labor problem is the economics term broadly used
toward the turn of the 20th century with many applications. It has been explained in various
ways like the problem of enhancing the situations of employment of the wage-earning classes.
Studies also recorded that various firms/companies globally face rising pressure to comply with
international labor and human rights standards, these scenarios cause great concern among
corporate leaders for good reason. In addition to potential harm to workers, failing to manage
labor and human rights risks can have a significant, long-lasting impact on their business
strategies, legal risk profile and brand reputations. Companies are also realizing the advantages
of addressing these challenges and making a conscious effort to promote basic rights among
their workforces.
Types of Labor
1. Permanent
2. Part time
Factor that affect labor markets
1. Size of Population growth
2. Age distribution
3. Globalization / global environment
Labor market indicators
1. Unemployment rate
2. Labor force
3. Labor force participation
4. Labor productivity
5. Average working hours labor in production
Major problems
1. Alters in Production Level
2. Technological Advancement
3. Quality of Human Resources
4. Growing numbers of companies in market
5. Government rules and regulations
6. Seasonality of work
7. Migration
8. Work place
9. Unequal distribution of wage
10. Illiteracy
11. Working environment (religious/ regional disparity)
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