Proiect engleza

Today we want to talk about a very important constant in the lives of all people, namely money,
especially about money and its power, being the link between all the economic constants of our day.

“Power is money” is an article posted in 2nd June, in “The Economsit” online newspaper. This article
talks about productivity and the influence of wages on employees’s performance and productivity itself.

Also, the text discusses, mainly, the power of money, the labor market struggle for the labor force,
obtaining maximum results with the least investment and effort. There are presented numerous ways in
which the work of the employees can be improved and the productivity reaches the highest peaks.
Furthermore, there is talked about the importance of introducing workers into different unions and
about how the wage gap influences their belonging to such groups.

First of all, if we look closely at the period 1979-2016, we can see that the workers salary has undergone
a strong and long-lasting stagnation. However, this stagnation leads to a better understanding of the
relationship between productivity, pay and power.

Thus, even if wages have not increased in recent years, we should not neglect benefits such as the
health insurance, retirement account contribution, tuition reimbursment provided by employers.
Maybe these things make them not raise wages, but at least compensate for this.

Further, if we think about productivity, then we need to know that this is the central point of the
economy,the point that really matters. Also, we find that people's salaries are proportionate to the work
they make and the benefits they bring to employers and the businesses they work for (or at least that
should be). Their wages are, at the same time, the reason for the struggle between employers, because
each one wants to have the best team, using as efficiently as possible any resource.

But employees have to meet certain conditions, isn t it? They must be well prepared to be hired first and
then promoted to higher positions. However, how can workers become better and more professional?

The government has a major contribution to their rise, and so on productivity itself. Thus, investing in
education and training workers, eliminating,as much as possible the move from one employer to
another and laws which apply noncompetitive clauses in employment contracts, means motivation,
which leads to the achievement of goals by both sides. When productivity-enhancing strategies are not
enough, the government needs to fill in the reduced revenues as efficiently as possible. Economists, on
the other hand, support wage subsidies, such as the negative income tax, because it determines
employees to stay in work to qualify and makes them much easier to administer.

Wage organization is not a simple task, and figures prove it. Although productivity in America grew by
75%, median pay barely increased by 10% and the average wage increased by less than 50 %. In
addition, raising the minimum wage would immediately reduce the employment and overpaid workers
will become unemployed.
 Contrary to this algorithm, both Anna Stansbury and Lawrence Summers consider that a rise in wages
leads to an increase in productivity, which would appear to be the closest to reality.

An economy is normal when it comes to profit. Both employees and employers deserve to benefit from
this profit, but employers' power creates a discrepancy between how employees are paid and how it
should actually be.

Why is power on the side of employers? In the article “Whistling In The Wind”, we were able to find the
answers we were looking for. Firstly, the number of the employers will be always higher than the
number of the employees; secondly, even in the best of times there are people who are not employed,
and they are willing to do any kind of work to survive; thirdly employers have the greatest resources and
can last longer than anyone else.