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6 months ago
Write a short note on the Social Charter and European Labor Markets.
Textbook 
Business and Its Environment
Edition: 7th
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6 months ago
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The European Union adopted a Social Charter as part of the Treaty Establishing the European Community. The charter provides a vision for the free circulation of labor and the rights to fair wages, improvement of living and working conditions; social security; free association and collective bargaining; vocational training and education; equal treatment for men and women; information; consultation and participation for workers; health protection and safety in the workplace; protection for children, adolescents, and the elderly; and protection of the disabled.
Translating the vision of the Social Charter into law has been marked by several
disagreements between business and labor and by the reality of national policy differences. The SEA and other EU laws reflect the objectives of empowering labor and protecting individuals from risk and hardship through extensive social programs. Much of the European labor force is well educated and highly skilled, and labor costs in many EU member states are high. With labor costs in the new EU member states far lower than those in the other member states, two threats faced the high-wage countries. One was that jobs could flow east to take advantage of both low wages and low taxes. This would increase unemployment and force wage concessions in the west. The other was that workers would flow west seeking higher wages.
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