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The Impact Of Labour Market Crisis On Developing Economics The Nigeria Experience [1980- 2010]
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1.2 STATEMENT OF THE PROBLEM.
The voluminous literature on the source
s of economic growth identified awide range of natural and government
imposed stimulants and impediments to growth.
In particular, a huge
level of educational attainment, an open – trading regime , a low level
of government consumption and political stability are generally seen as
having a significant on internal growth is its interest in the effect of
institutions on economic growth and the vital role played by the labour
market institution s in economic growth . The high rate of labour
unionization has been a notable characteristic of a number of economic s
with different growth performance s, though probable link between
labour unionization and growth has been frequently noted.
This paper
attempts to look at the effects of labour market crisis on developing
economics using Nigeria as a case study .Strike volume has been studied
from a number of viewpoints. One view point attribute strike propensity
to such economic factors as unemployment, inflation and real wage change
[faber 1978]. The other view point is the organizational perspective
which states that strikes are related to such structural factor as the
extent of unionization and the degree of centralization and
institutionalization in collective bargaining [BRITTE AND GALLE 1972;
SYNDER 1975 ].
Most of the developing economics are faced with
numerous labour market crisis and the Nigeria economy is not an
exception especially after the [SAP] Structural Adjustment Program. The
Nigeria labour market problem could be seen as one of the chronic labour
crisis with high wage inequality and unemployment. Since independence
there has been series of distortions in the labour market. The market is
highly distorted and characterized by insignificant imbalances and
industrial actions embarked upon by the Nigeria labour congress [NLC]
pressing for improved working conditions for workers .These actions are
in the form of strikes .
The academic and non- academic union of the
Nigerian tertiary institution are not left out as they embark on several
actions to either pressfor improved working condition, redressing the
wage inequality problem and in some cases to register their
disagreements with government development program. All these lead to
loss of man-hour which policymakers fear will adversely affect the
national output.
During the military era, it was not news for workers
to embark on strike as it was a potent weapon at the disposal of the
workers to drive home their demands.
What then have been the effect
of these myriad of the labour crisis on the productivity and the growth
of the Nigeria economy? The above questions have not adequately received
attention empirically.
Hence, this research work tends to
investigate the effect of these labour market crisis on Nigeria economy
growth and productivity using Man-hour lost will be proxy to the labour
market crisis.
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ABSRACT - [ Total Page(s): 1 ]This research work tries to investigate the impact of labour market crisis in developing economics using Nigeria as a case study .Using Nigeria as a case study. Using ordinary least square the study shows that there is a negative relationship between labour market crisis and economic growth; Also inflation was found to reduce production output and economic growth. Based on these findings this study recommends that government should apply reconciliation technique with labour unions so that produc ... Continue reading---
