Discuss the Pros and Cons of the New Social Contract

question 9

Essay

Discuss the pros and cons of the new social contract from the viewpoint of an employer and employee.What duty does an employer have to provide job security to its workers?

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Definitions:

Federal Government

The national government of a federated state, which holds the authority to govern the country at a national or federal level, distinct from regional or local governments.

Government Dollar

Currency issued by a country's government, representing the medium of exchange accepted for transactions and as payment for debts.

Standard Deduction

A preset reduction in taxable income on a federal income tax return, not requiring itemization of individual deductions.

Taxable Income

The sum of money that determines the tax liability of a person or business to the government, following the subtraction of deductions and exemptions.