EVALUATING PURE NEOCLASSICAL WAGE EXPLOITATION AMONG WORKFORCE DIFFERENTIATED BY GENDER AND OCCUPATIONS IN SINGAPORE
Abstract: The exploitation of workers can have disastrous consequences for society since their employers’ wage exploitation may adversely influence living standards. Under such circumstances, the percentage of poverty and crime would rise. Due to the importance of adverse impacts of wage exploitation on workers’ livelihoods, this study analyzes the concept of pure exploitation in Singapore during the period from 2011 to 2018. To accomplish this aim, the marginal revenue product (MRP) and average revenue product (ARP) of the gender and occupational groups defined by this study are compared to the groups’ wages. The existence of pure exploitation among the groups, according to the obtained results, has been demonstrated. The findings also indicate that the female groups’ degree of wage exploitation has been more significant than the male groups’ figure.
[ FULL TEXT PDF 1-9 ] DOI: 10.30566/ijo-bs/2020.40
CONSEQUENCES OF UNEMPLOYMENT IN ASIA PACIFIC COUNTRIES AFTER THE ATTACK OF COVID-19
Mohammad Akbar Hossen; Smaria, Ibnali Issah Kulo, Sunusi Ahmad Abdullahi
Abstract: The unemployment rate remains a significant issue worldwide for the most recent couple of years for both developed and developing nations. It has consistently been an exceptionally engaged issue making a country lose its monetary and budgetary commitment. This study aims to forecast the changes in the unemployment rate after the attack of COVID-19. This study recommends an incorporated methodology dependent on direct and nonlinear models that can anticipate the unemployment rates. The projected crossbreed model of the unemployment rate can improve their estimates by mirroring the unemployment rate’s irregularity. The model’s purposes have been demonstrated after the attack of COVID-19, utilizing seven unemployment rate informational collections from different nations, in particular, United Arab Emirates, Saudi Arabia, Azerbaijan, Malaysia, South Korea, and Kazakhstan.
The outcomes for asymptotic stationarity of the anticipated mixture move toward utilizing Markov chains and nonlinear time arrangement investigation strategies are given. This paper ensures that the future model can’t illustrate ‘hazardous’ conduct or developing change after some time.
[ FULL TEXT PDF 1-7 ] DOI: 10.30566/ijo-bs/2020.39