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Labor Relations In China
As the economy of China has rapidly developed, issues of labor relations have evolved. Prior to this reform, Chinese citizens were only allowed to work where they originated from. Since 1978 when China began labor force reforms the overwhelming majority of the labor force were either working at State owned enterprises or as farm workers in the rural countryside. However, over time China began to reform and by the late 90's many had moved from the countryside into the cities in hopes of higher paying jobs and more opportunities. The only connection between the countryside and the city soon became that there was a huge floating population connecting them. Independent unions are illegal in China with only the All-China Federation of Trade Unions permitted to operate. China has been the largest exporter of goods in the world since 2009. Not only that, in 2013 China became the largest trading nation in the world. As China moved away from their planned economy and more towards a market ...
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VM 4645 Wuchang - Workers Wanted
VM may stand for: Businesses and organizations *VM Motori, a diesel engine manufacturer * VMware, Inc., an American technology company *Vauxhall Motors, a British car maker *Viaggio Air (IATA airline designator VM), a private airline in Sofia, Bulgaria *Virgin Media, a cable provider in the United Kingdom *Virgin Mobile, a mobile phone service *Virgin Money (London Stock Exchange symbol VM), a bank * Voice of Music (V-M), an audio equipment manufacturer Science and technology * VM reactor, various series of nuclear pressurized water reactors * VM (nerve agent), a chemical weapon agent a.k.a. edemo * VM (operating system), IBM's virtual machine operating system * Membrane potential, in a cell * Molar volume, symbol ''V''m * Variola major, smallpox * Vascular malformation, in medicine * Vasculogenic mimicry, in medicine * Ventromedial prefrontal cortex * Virtual machine, an emulation of a computer system * Virtual memory, a memory management technique * Voicemail * Vm, from virg ...
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Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired m ...
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Collective Bargaining
Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs. The union may negotiate with a single employer (who is typically representing a company's shareholders) or may negotiate with a group of businesses, depending on the country, to reach an industry-wide agreement. A collective agreement functions as a labour contract between an employer and one or more unions. Collective bargaining consists of the process of negotiation between representatives of a union and ...
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Social Benefits
Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. most pension systems), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being through free or subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and publ ...
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Income
Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. Income is difficult to define conceptually and the definition may be different across fields. For example, a person's income in an economic sense may be different from their income as defined by law. An extremely important definition of income is Haig–Simons income, which defines income as ''Consumption + Change in net worth'' and is widely used in economics. For households and individuals in the United States, income is defined by tax law as a sum that includes any wage, salary, profit, interest payment, rent, or other form of earnings received in a calendar year.Case, K. & Fair, R. (2007). ''Principles of Economics''. Upper Saddle River, NJ: Pearson Education. p. 54. Discretionary income is often defined as gross income minus taxes and other deductions (e.g., mandatory pension contributions), and is widely used as a basis to ...
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Wage
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as ''minimum wage'', '' prevailing wage'', and ''yearly bonuses,'' and remunerative payments such as ''prizes'' and ''tip payouts.'' Wages are part of the expenses that are involved in running a business. It is an obligation to the employee regardless of the profitability of the company. Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to ...
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Trade Union
A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits (such as holiday, health care, and retirement), improving working conditions, improving safety standards, establishing complaint procedures, developing rules governing status of employees (rules governing promotions, just-cause conditions for termination) and protecting the integrity of their trade through the increased bargaining power wielded by solidarity among workers. Trade unions typically fund their head office and legal team functions through regularly imposed fees called ''union dues''. The delegate staff of the trade union representation in the workforce are usually made up of workplace volunteers who are often appointed by members in democratic elections. The trade union, through an elected leadership and bargaining committ ...
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Kenichi Ohmae
is a Japanese organizational theorist, management consultant, Former Professor and Dean of UCLA Luskin School of Public Affairs, and author, known for developing the 3C's Model. Biography Born in 1943 in Kitakyūshū, Ohmae earned a BS in chemistry in 1966 from Waseda University, an MS in nuclear physics in 1968 from the Tokyo Institute of Technology, and a doctorate in nuclear engineering from the Massachusetts Institute of Technology in 1970. Witzel, Morgen. ''Fifty key figures in management''. Routledge, 2004. p. 237. After graduation, Ohmae subsequently worked as a senior design engineer for Hitachi from 1970 to 1972. From 1972 to 1995 he worked for McKinsey & Company. As a senior partner he ran the company's Japan operations for a number of years. He co-founded its strategic management practice, and served companies in a wide spectrum of industries, including industrial and consumer electronics, finance, telecommunications, food and chemicals. In 1995 he ran f ...
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National Bureau Of Statistics Of China
The National Bureau of Statistics (), abbreviated as NBS, is an deputy-cabinet level agency directly under the State Council of the People's Republic of China. It is responsible for collection, investigation, research and publication of statistics concerning the nation's economy, population and other aspects of the society. Ning Jizhe is the commissioner of the bureau since 2016. Responsibilities The bureau's authority and responsibilities are defined in ''China's Statistics Law''. It is responsible for the research of the nation's overall statistics and oversee the operations of its local counterparts. Organizations The bureau is led by a commissioner, with several deputy commissioners (currently four), a chief methodologist, a chief economist, and a chief information officer. It is composed of 18 departments, oversees 12 affiliated institutions and manages 32 survey organizations stationed in respective provinces. It also operates China Statistics Press. The national b ...
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Seventh National Population Census Of The People's Republic Of China
The Seventh National Population Census of the People's Republic of China (), also referred to as the 2020 Chinese Census, was the seventh national census conducted by the National Bureau of Statistics of the People's Republic of China. Census work began on November 1, 2020 and continued through December 10, 2020, involving seven million census workers. The 2020 Chinese census covers all Chinese citizens living in mainland China, as well as those living abroad on temporary visas. Foreigners who live in the mainland for more than six months are also recorded in the data. The preliminary results were released on May 11, 2021, with a news conference being held on the same day. The release was originally planned to be in early April, but was delayed by a month. Census result The population of mainland China was 1,411,778,724 as of 1 November 2020. In addition, Hong Kong's population was 7,474,200 (provided by the Hong Kong SAR Government at the end of 2020) and Macau's populati ...
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Private Enterprise
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (4 ...
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Tertiary Sector Of Economic Activity
The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector ( raw materials) and the secondary sector (manufacturing). The tertiary sector consists of the provision of services instead of end products. Services (also known as " intangible goods") include attention, advice, access, experience and affective labor. The production of information has been long regarded as a service, but some economists now attribute it to a fourth sector, called the quaternary sector. The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution and sale of goods from a producer to a consumer, as may happen in wholesaling and retailing, pest control or entertainment. The goods may be transformed in the process of providing the service, as happens in ...
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