<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Interesting and challenging is not exactly that economic thinking is divided between those who admit that labour would be a good negotiated on its specific market segment and those who don’t, but other two-three aspects. The one is that those who do admit it are classic, neoclassic and (interestingly!) Marxian schools. The last thinkers certainly see it as pejorative. Interesting is equally that those who ‘reject labour market concept’ work around the Keynesian thinking school. The author of ‘General Theory…’ rejected the idea that employer and employee could ever be economically equal to each other and that labour could keep any real market supply specific behaviour. Thirdly, Keynes was the first one who pointed to unemployment as a real modern problem, but also interestingly his view on the same unemployment wasn’t satisfactory for our present.</p><p>At present, unemployment is a problem and even an unsolved one for the European economy and for the EU Organization. The EU documents might indicate it as a problem (and not only economic) and a policy priority, together with the wages issue, but basically employment and wages cannot make any policy priority against economic targets like productivity, cost reduction and industrial efficiency.</p></abstract>

Interesting and challenging is not exactly that economic thinking is divided between those who admit that labour would be a good negotiated on its specific market segment and those who don’t, but other two-three aspects. The one is that those who do admit it are classic, neoclassic and (interestingly!) Marxian schools. The last thinkers certainly see it as pejorative. Interesting is equally that those who ‘reject labour market concept’ work around the Keynesian thinking school. The author of ‘General Theory…’ rejected the idea that employer and employee could ever be economically equal to each other and that labour could keep any real market supply specific behaviour. Thirdly, Keynes was the first one who pointed to unemployment as a real modern problem, but also interestingly his view on the same unemployment wasn’t satisfactory for our present.At present, unemployment is a problem and even an unsolved one for the European economy and for the EU Organization. The EU documents might indicate it as a problem (and not only economic) and a policy priority, together with the wages issue, but basically employment and wages cannot make any policy priority against economic targets like productivity, cost reduction and industrial efficiency.

Labour Market, Wages and Their Policies in the EU Area

Economic Forecasting Institute of the Romanian Academy

National University of Political Studies and Public Administration

HOLISTICA – Journal of Business and Public Administration

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Labour Market, Wages and Their Policies in the EU Area"}

Interesting and challenging is not exactly that economic thinking is divided between those who admit that labour would be a good negotiated on its specific...

Labour Market, Wages and Their Policies in the EU Area

Published Online: Apr 16, 2018

Page range: 35 - 48

DOI: https://doi.org/10.1515/hjbpa-2018-0003

Keywords
EU, labor market, wage, industrial efficiency

© 2018 Dalina Andrei et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Labour Market, Wages and Their Policies in the EU Area

Published Online: Apr 16, 2018

Page range: 35 - 48

DOI: https://doi.org/10.1515/hjbpa-2018-0003

KeywordsEU, labor market, wage, industrial efficiency

© 2018 Dalina Andrei et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
EU, labor market, wage, industrial efficiency