1. World problems
  2. Economic unrest

Economic unrest

  • Industrial unrest
  • Industrial conflict
  • Industrial disputes
  • Labour disputes

Nature

Industrial relations vary greatly at different times and places. After a period of comparative tranquillity, unrest may develop and flare up into stoppages of work occasioned by strikes or, less usually, lock-outs. Stoppages can be analysed in terms of their principal cause; by far the most frequent are those described as wage disputes and, in particular, claims for increases in wages. However, since the increases in wage rates now regularly demanded are not realistic, in the sense that they could not be achieved in real terms even under conditions ideal from the point of view of those who demand them, it would appear that although, under present conditions, wage claims provide a socially acceptable basis for conflict, the true basis lies elsewhere. Many types of institution are involved in industrial conflict: trade unions, employers' organizations and a variety of boards, tribunals and courts.

Claim

Economic unrest is a critical issue that demands urgent attention. It breeds instability, erodes trust in institutions, and exacerbates inequality, leaving vulnerable populations to suffer the most. As inflation rises and job security dwindles, social cohesion frays, leading to protests and civil unrest. Ignoring this problem jeopardizes not only individual livelihoods but also the very fabric of society. We must prioritize solutions to restore economic stability and ensure a fair, equitable future for all.This information has been generated by artificial intelligence.

Counter-claim

Economic unrest is often overstated and sensationalized. While some may argue it disrupts daily life, the reality is that economies are cyclical, and periods of instability are natural. People adapt, innovate, and find solutions. Focusing on economic unrest distracts from more pressing issues like climate change and social inequality. Instead of dwelling on temporary fluctuations, we should prioritize sustainable growth and resilience, recognizing that economic challenges often lead to greater opportunities for progress and development.This information has been generated by artificial intelligence.

Broader

Narrower

Strikes
Excellent

Aggravates

Panic buying
Excellent
Civil disorders
Unpresentable

Aggravated by

Unemployment
Excellent
Disputes
Unpresentable

Strategy

Value

Unrest
Yet to rate
Uneconomic
Yet to rate
Dispute
Yet to rate
Conflict
Yet to rate

Reference

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #12: Responsible Consumption and ProductionSustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
World problems
Type
(D) Detailed problems
Biological classification
N/A
Subject
  • Defence » Conflict
  • Economics » Economic
  • Industry » Industry
  • Social activity » Work
  • Content quality
    Presentable
     Presentable
    Language
    English
    1A4N
    D4012
    DOCID
    11440120
    D7NID
    146170
    Last update
    Oct 4, 2020