Research Business Environment Challenge Solution: Questions

By Johnny C.H. Lok

What factors cause the wage inequality in behavioral economy view?What do wages buy? How work force responses to an efficiency wage, productivity, turnover. For example, given the choice of what cause the wage inequality of difference between the America and German employment policies. I would take the German goverment policy system because it is more social and humane. Otherwise, I would take the America government policy system because American government understands capitalism of the free market. First, on the employment view, I think, due to the nowadays technological development factor, we need more labours who need own highly qualified and skillful labours and need motivated than in past employees who did not need own highly qualified and did not need motivated. Besides, in this regard, a preventative employment strategy is the best strategy to reduce the wage inequality. For example, these three countries, such as Japan, China and America were, it would be a different employing matter strategy to cause these two countries themselve wage inequality.Second, on the education view, for example, Japanese with more schooling obtain jobs that have higher incomes and more promotion than with those with less schooling obtain jobs. In Japan, who are coupled with a low level of mobility and a seniority has based wage system. For this research, the life time income of a Japanese worker will be highly affected by their education level and whose career development in a profitable company. Then which is usually large amount of Japan companies which use educational attainment to screen applicants. So, one Japanese' educational attainment determines whether or not who gains employment in a good company. So, one Japanese's life studying time determines whose job opportunities whether who can earn high income in Japan commonly. What factors cause the differences of income inequality to Japan, China, America three countries in macro econoy view?Following, I shall indicate what factors cause the differences of income inequality to Japan, China, America three countries. First, Japan and China Asia both countries have similar factors to cause the income (wage) inequalities. These two countries' employers usually divide the income class that have the top and bottom income classes in their societicies. In fact, Japan and China income gap are similar widening. The Japanese and Chinese have negative perceptions about the income gap because labours perceive whose wages to be influenced by talent, academic background or luck and this perception seems relatively uncommon in the another Western countries, such as America. A large percentage of Japanese and Chinese also think one' income is decided by talent, ademic background or luck, although it should not be. The reason is possible caused by Japan and China societies both have experienced changes in the population structure, family structure and mobility among the income classes during the last three decades.By past income statistics indication, the income inequality of single member householders are ususally lower than those householders with two or more members in Japan and China country. So, it seems the family aging population structure factor can influence wage inequality in Japan and China both countries. The past statistics also indicated that the income inequality in Japan and China have been greater within older group. This life long gap starts widening around the age of 40, when the speed of job promotions begins to differ among employees. Otherwise, America many have addressed skill-biased technicial change and globalization of the economy as the potential causes of the widening income inequality. It seems America inequality wage challenge is caused by these two factors:

• Format: Paperback
• Language: English
• ISBN: B08RBTQW79
• ISBN13: 9798587114272
• Release Date: January 1
• Publisher: Independently Published
• Length: 78 Pages
• Weight: 0.45 lbs.
• Dimensions: 0.2" x 8.5" x 11.0"