Chapter 12 Book

Chapter 12 Book - Chapter 12 Employment Regulations...

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Chapter 12 Employment Regulations Unregulated Markets – “Glow Boys and Glow Girls” People working inside nuclear reactors were called glow boys and glow girls. Worked very little for a lot of money but the work was very dangerous. These employees were fully aware of the risks involved and had to sign special waivers saying they wouldn't sue if experienced health problems. Workers were openly willing to trade off the health risks for the money. Problem is that people don’t always know the full risks involved in their jobs. Good example is asbestos – market failure came as a result of workers working with asbestos every day and only receiving average wages because they did not know the full risks of their job. These market failures led to the Occupational Safety and Health Act – federal government plays a major role in providing workers with information of the risks of their jobs. Fair Labor Standards Fair Labor Standards Act (FLSA) – provides for a minimum wage for most Americans. Also mandates that employees working over 40 hours per week be paid over time. FLSA was passed during the great depression where there was 30% unemployment and employees had no bargaining power with employers (every one needed work so they would just take whatever they could get) Assured that employees would receive fair compensation and not be exploited by employers. Another goal was to make sure everyone who worked full time would earn enough to stay above the poverty level, but this is not happening today.
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There has been a significant push in congress to significantly raise the minimum wage to provide a “living wage” and many individual cities have already done this. FLSA does not prevent states or cities from mandating higher minimum wages. Employment at Will Expressed in 1884 by the Tennessee Supreme Court Employers are free to set virtually any personal or other standard for employment and employees that don’t abide by that standard can be fired. These standards do not have to have anything to do with the job or its performance. Flip side – employees are free to quit their job whenever they want for any reason. Don’t have to provide any legal notice to employer. State Court Intervention o State courts have been chipping away at this doctrine o Most prominent basis for state intervention is when discharge contravenes public policy (firing employees for missing work for jury duty). o Sabine Pilot Service Inc. v. Hanuck – held that an employee in Texas couldn’t be fired for refusing to perform a criminally illegal act ordered by his employer. o
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Chapter 12 Book - Chapter 12 Employment Regulations...

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