Buy custom Discuss the different perspectives of Corporate Social Responsibility (Management)
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Business
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| Number of pages / Number of words: |
6 / 1541 |
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The reason was obvious: many originally unemployed unskilled people now being employed, they contributed to the labour force, but not really to labour productivity. Compare to New Zealand, Austrlia has slightly higher unemployment rate (See Graph 3). Its labour productivity is rising while its real labour cost is falling (See Graph 4), which made their production more efficient than New Zealand...
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However, both countries are showing growing inequality of wages (See Gragh 5). The distribution of productive abilities may account to the distribution of employment incomes (King, 1990).
Graph 1
Graph 2
Graph 3
Source: Labour Force, Australia Treasury
Graph 4
Graph 5
The primary purpose of reforms is to increase number of goods and services available in order to raise living standards for citizens in the country...
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