Labor Economics Commons^™

Fair Labor Practices: Are Workers Truly Protected?, Xiaofei Xie

Honors Theses

Private businesses often claim that they employ fair labor practices and care about employees' well being. However, firms may face contradictory situations since fair labor practices can result in cost increases and lower profit. In this thesis, I examine historic and contemporary workers’ conditions and fair labor practices. Workers’ conditions during the Industrial Revolution and the basis of relevant Marxist theories are examined. Contemporary labor practices are also examined and a secondary analysis of data on worker attitudes in two major companies is conducted. Results and discussion suggest that although progresses in worker conditions have been made, there still needs …