Where can I find factory jobs?

What's better for a healthy society: a smaller number of good jobs, or a larger number of mediocre jobs?

  • A friend of mine works at a law office that does workplace claims, and she described a case where workers at one shady factory were suing the company for terrible working conditions, overtime abuse, etc. If they win the case, the management will have to improve conditions and pay them better — but with those added costs, the factory can't afford to employ as many people, so many will lose their jobs. Even worse is the fact that most employees are illegal immigrants and can't find work elsewhere, so the folks that get fired would be completely ruined. For that reason, my friend was beginning to question whether winning the suit would actually be the best outcome for the workers, despite the deplorable conditions they face now.  This back-and-forth struggle between the quantity and quality of jobs is behind every union dispute, every unemployment statistic, even every change in the distribution of wealth. Is there a happy medium somewhere between terrible wages and widespread unemployment? Do any countries approach this problem particularly well with subsidies or other interventions?

  • Answer:

    Both and more.  A healthy society has to work for everyone. There has to be a mix of jobs, some requiring low skills, some requiring mid-level skills, some requiring high level skills.  And there need to be jobs for all kinds of skills - academic, artistic, manual, etc.

Ed Caruthers at Quora Visit the source

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It is hard to define a job as mediocre jobs. There are many examples of people doing good at ordinary jobs. But let us consider here that by Mediocre jobs means where employee is not expected to be highly skilled or can easily be trained as per requirements. A perfect balanceFor an healthy society it is very important to have a perfect balance, small number of jobs where one needs to be extremely talented and smart helps to create new ideas which are salable. But if there are very few people doing jobs (good jobs) and no ordinary jobs the market will ultimately be small, there will be less appreciation of the idea and less transactions. With right amount of ordinary jobs more number of people are employed which makes market healthy and the ideas/product created by talented people will be sold and bought. This makes a perfect cash flow and healthy economy. A perfect Pyramid is necessary, where each section represent a type of job, higher you go the higher the demanding job. (Image source: unknown) Result of too many Mediocre Jobs Reduction in per hour wages Reduction in total weekly hours Less innovation Result of small amount of or only high skill jobs Unemployment and uncertainty among skilled people Less economic flow could result into depression Edit: When I first wrote the answer there was no description for the question, where as after the question what I see is the comparison between Mediocre and Good is in terms of money not exactly in terms of job profile. I believe this question is more of Labor Law related than Economics, But still much points I said holds good.

Koustubh Kulkarni

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