This document discusses the need for creative regulation of human work, action, and labor in light of increasing fissured employment and globalization of work. It argues that deregulation alone is not sufficient and that ensuring fairness, empowerment of women, and social security nets are also important. Technology and innovation are key drivers of economic growth but the relationship between workers and firms is complex and depends on factors like fairness and institutions. The class will attempt to address how to creatively regulate the changing global work space to prioritize work, action, and fairness.

1. Creative Regulation of Human
Work, Action & LabourWork, Action & Labour
DR P Madhu
HoD (HR)
SCMS Cochin

2. • Washington Consensus!

3. • Washington Consensus argued for:
(a) Giving up minimum wage & employment
protection statuettes
(b) Not to ape regulatory frameworks of the
developed nations
(b) Not to ape regulatory frameworks of the
developed nations
This policy was similar to the ones let to the great
depression of 1930s

4. • Is Deregulation best policy?

5. • Will Fairness take care of itself in deregulatory
environment?
• Is Fairness necessary?
• Is Labour Protection is necessary?• Is Labour Protection is necessary?
• Is Security net necessary?
• Is Woman Empowerment Necessary?

6. De-Regulating What?
• Labour?
• Technology?
• Innovation?
• Work?• Work?
• Action?

7. What is the most important ingredient
for growth & its equitable sustenance?
• Labour?
• Savings?
• Investment?
• Technology?• Technology?
• Innovation?
• Action?
• Work?

8. What Makes Work Done Better?
• Investment?
• Savings?
• Labour?
• Technology?• Technology?
• Innovation?
• Action?

9. What Promotes Free flow of Action?
• Fairness
• Corporate Control
• Unionization of Workers

10. What Makes Fairness Possible?
• Corporate Control?
• Controlling Corporate
• Licensing & Monitoring
• De-regulation?• De-regulation?
• Creative Regulation?

11. What will ensure Fairness?
• Tripartite Discussion- & convergence of labour
laws?

12. Theoreticians say
• Technology is Important

13. GDP: labor (L), capital (K) and knowledge (A)
Solow Model: The "I" on hash mark represents equilibrium income,
the "S" represents equilibrium Saving. I-S=C, or consumption. N =
growth in labor, G = growth in technology, and = depreciation.

14. • Efficiency of work done depends on the
matrix of input-process-output of various
sectors (say.. Manufacturing, Service,
farming… sectors) of economy meetingfarming… sectors) of economy meeting
internal & external demands – by efficient
process of interdependency

15. http://barnyard.syr.edu/mat183/l32/

16. • worker/firm relationship to be far more complex
than is typically assumed
in conventional theory, allowing a role for
fairness, trust and institutions.
Boeri (2011)Boeri (2011)
• How to enhance ease of work & its innovation is
the key concern
• (Not merely investment, production or
deregulation)

18. This is the theory! But where is
empirical evidence?

27. But, What is happening?

28. Fissured Employment
Fissured employment occurs via a wide variety of
organizational methods:
• subcontracting,
• franchising,
• third-party management,• third-party management,
• changing workers from employees to self-employed
independent contractors
• related contractual forms that alter the employer of
record or make the worker–employer tie tenuous and
far less transparent

30. drivers of
regulatory indeterminacy
• (1)Fissured employment: the accelerating
fragmentation of labour
markets into diverse forms of employment;
• (2) the complex interactions between labour• (2) the complex interactions between labour
market institutions; and
• (3) the impediments to effective
implementation of labour norms.

31. What is the Solution?
• Creative Labour Regulation!
• Creative regulation of fissured-global-work-
space
• How HR is going to address this issue?• How HR is going to address this issue?
• ‘Regulating for decent work’ and the ‘legal
construction of personal work relations’

32. • Prioritizing “Work” “Action” “Fairness”
• How to address this issue?
• That’s what the class will attempt!• That’s what the class will attempt!

33. References
• McCann. D, et.al. (Ed.) (2014) Creative Labour
Regulation: Indeterminacy & Protection in an
Uncertain World
• Deakin. S et.al (2014) How do labour laws affect
unemployment and the labour share of national
income? The experience of six OECD countries, 1970–income? The experience of six OECD countries, 1970–
2010
• Grossman GM and E Helpman (1994). Endogenous
Innovation In the Theory of Growth. The Journal of
Economic Perspectives. 8(1): 23-44