Norma Rae- Havlyn Ehrich
Both government regulation and the free market have their advantages and disadvantages, and the optimal approach depends on the specific circumstances of the industry or market in question. Government regulation can be beneficial in ensuring that businesses operate in a fair and responsible manner, protecting workers and consumers from harm, and ensuring that businesses do not engage in poor competitive practices. Regulation can also be important in protecting the environment, promoting public health and safety, and ensuring that the benefits of economic growth are shared fairly. Too much regulation however, can lead to many innovators losing their passion and creating a lack of competition between them. Consequently, this can potentially wreak havoc on the economy. Free market can encourage innovation, and promote economic growth, but it can also lead to labor and consumer abuse. As seen in the movie Norma Rae, the employees were given quite the lack of respect and were greatly taken advantage of. The employer created a severe lack of quality working conditions as well as pay. This is where the idea of unions came into play: working together to make a statement and change their conditions. Businesses may prioritize profits over their employees creating a negative situation for all. All in all, labor and company success is best brought about by a balance between government regulation and market forces. There needs to be both factors involved to create an optimal market. One without the other seems to be a cause for concern and historically has never led to a positive situation for one party or another.
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