Marx Believes That Unemployment Leads to the Creation of a Reserve

question 23

Multiple Choice

Marx believes that unemployment leads to the creation of a reserve army of labour which affects employed workers because:

• A)Unemployed workers increase competition for jobs and weaken bargaining power for better wages
• B)It means that everyone needs to continue on to higher education and gain a degree or trade qualification before they get a job
• C)Employed workers have to pay more taxes which are used to provide unemployment benefits to those without work
• D)Employed workers have to work much harder to compensate for those who are no longer employed

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Definitions:

Independence

The state of being self-reliant and free from outside control, or the capacity to make decisions and act on one's own behalf.

Dependence

The state of relying on or needing someone or something for aid, support, or the like.

Retirement Planning

The process of determining retirement income goals, risk tolerance, and the actions and decisions necessary to achieve those goals.

Retirement Decision Making

The process of planning and determining when and how to retire, which can involve financial, emotional, and lifestyle considerations.