Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the Labour-Discipline Model (LDM),the employer sets the wage to minimise the cost of effort.Using the LDM, illustrate and explain how a change in conditions

In the Labour-Discipline Model (LDM),the employer sets the wage to minimise the cost of effort.Using the LDM, illustrate and explain how a change in conditions affect the employee's best response function (BRF) in the following hypothetical cases:

  1. The manufacturing firm you work for increases its use of monitoring and AI in the workplace. Only about 30 percent of other firms within this fast-growing manufacturing sector are also using similar technologies to track their employees. Currently, there are no specific privacy-surveillance laws on a firm's usage of AI monitoring technology.

  1. You work in a customer-facing firm in an advanced capitalist country, where the economy is certain to sustain its low (3.7%) unemployment rate. With much planning, your employer is in a unique position in this sector to introduce a more 'fluid' working arrangement, rather than opting for a strict 4-day workweek.

Also, note the following:

To support your answer in Q3a, refer to following articles:

  1. Bridges,Alicia (2022) "Artificial intelligence can monitor workplaces for safety breaches. Experts say privacy laws are lagging", ABC Radio Perth, July 25th, available:https://www.abc.net.au/news/2022-07-25/ai-workplace-surveillance-tech-raises-concerns/101263028
  2. Shaw, Elise (2023) "Do you trust AI to do your job?", Forbes, February 22nd, available:https://www.forbes.com.au/news/innovation/do-you-trust-ai-to-do-your-job/

To support your answer in Q3b, refer to following news articles:

  1. Taylor,Catherine (2023) "With the new frontier in workplace flexibility, is the nine-to-five office work day dead at last?", ABC News, January 16th, available:https://www.abc.net.au/news/2023-01-17/remote-work-four-day-week-chronotype-fluid-hours-work-from-home/101791266
  2. Christian,Alex (2023) "Four-day workweek trial: The firms where it didn't work", BBC, March 20th, available:https://www.bbc.com/worklife/article/20230319-four-day-workweek-trial-the-firms-where-it-didnt-work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sociology Of Economic Innovation

Authors: Francesco Ramella

1st Edition

1317621344, 9781317621348

More Books

Students also viewed these Economics questions