|
The Best Job In The World:
In
2009,Tourism Queensland promoted the Great Barrier Reef as a global
tourism destination with a website encouraging people worldwide to apply
for The Best Job In The World, to be a "Caretaker of the Islands" to
"house-sit" the islands of the Great Barrier Reef for half a year,based
on Hamilton Island.
Job benefits included a large salary, free lodging in a multi-million
dollar villa,and transportation there and around the islands. The
application process required a web video to be submitted,available
publicly for consideration for the position. The job duties listed were
primarily publicity-related with web videos, blogging, and photo
diaries. The submission web site crashed two days following the launch
of the campaign,from excessive visits and application video uploading.
Interest continued for months. On 11 February, 2009,Christopher Grima
jumped off the South Causeway Bridge in Fort Pierce in Florida. The
police report said that he "wanted to capture a video of himself jumping
off the bridge, to gain attention of the recruiters" for this job. He
quickly received a summons for breach of the peace / disorderly
conduct.More marketing-savvy applicants created blogs and established
Facebook groups to create buzz about themselves.Two hoaxes also fuelled
interest."The biggest winner,though,is Tourism Queensland, which reckons
that for US$1m,it generated US$70m of global publicity"just one month
after the campaign's launch.
Over 34,000 applications were received from over 200 countries,and
whittled down to 16 finalists.Finalists came from Australia,United
States,United Kingdom,Canada,Ireland, the Netherlands, Germany, New
Zealand, Taiwan, India, China, Japan, France and South Korea. Ten were
male and their ages ranged from 20 to 39.The candidates were interviewed
on the island starting 3 May, 2009.The United Kingdom finalist Ben
Southall,34,a charity fundraiser and ostrich-rider from Petersfield,
Hampshire,UK,was appointed as the new caretaker of the island on 6
May,2009.
By the campaign's end,it has generated more than $200 million in global
publicity value for Tourism Queensland.Brisbane advertising agency
CumminsNitro was awarded three top awards at the Cannes International
Advertising Festival.The campaign was acknowledged as very
successful.BBC Television made a one hour documentary about the final
stages of the campaign which was directed by Agnieszka
Piotrowska.Narrated by Toby Stephens,the film was broadcast on 2 July,
2009 on BBC at 9pm, achieving the highest viewing figures for the whole
week.
The winner was Ben Southall,from the United Kingdom. In the last week of
his paradise job,he was stung by an Irukandji jellyfish. Although lethal
cases are known,he made a full recovery.Southall's blog while caretaker
is available online.
In 2010 the advertising campaign was awarded two prestigious D&AD Black
Pencil Awards.

Unemployment:
Unemployment, as defined by the
International Labour Organization, occurs when people are without jobs
and they have actively looked for work within the past four weeks.The
unemployment rate is a measure of the prevalence of unemployment and it
is calculated as a percentage by dividing the number of unemployed
individuals by all individuals currently in the labour force.
There remains considerable theoretical debate regarding the causes,
consequences and solutions for unemployment. Classical, neoclassical and
the Austrian School of economics focus on market mechanisms and rely on
the invisible hand of the market to resolve unemployment.These theories
argue against interventions imposed on the labour market from the
outside, such as unionization, minimum wage laws, taxes, and other
regulations that they claim discourage the hiring of workers. Keynesian
economics emphasizes the cyclical nature of unemployment and potential
interventions to reduce unemployment during recessions. These arguments
focus on recurrent supply shocks that suddenly reduce aggregate demand
for goods and services and thus reduce demand for workers. Keynesian
models recommend government interventions designed to increase demand
for workers; these can include financial stimuli, job creation, and
expansionist monetary policies. Marxism focuses on the relations between
the controlling owners and the subordinated proletariat whom the owners
pit against one another in a constant struggle for jobs and higher
wages. This struggle and the unemployment it produces benefit the system
by reducing wage costs for the owners. For Marxists the causes of and
solutions to unemployment require abolishing capitalism and shifting to
socialism or communism.
In addition to these three comprehensive theories of unemployment, there
are a few types of unemployment that are used to more precisely model
the effects of unemployment within the economic system. The main types
of unemployment include structural unemployment which focuses on
structural problems in the economy and inefficiencies inherent in labour
markets including a mismatch between the supply and demand of laborers
with necessary skill sets. Structural arguments emphasize causes and
solutions related to disruptive technologies and globalization.
Discussions of frictional unemployment focus on voluntary decisions to
work based on each individuals' valuation of their own work and how that
compares to current wage rates plus the time and effort required to find
a job. Causes and solutions for frictional unemployment often address
barriers to entry and wage rates. Behavioral economists highlight
individual biases in decision making and often involve problems and
solutions concerning sticky wages and efficiency wages.
Classical unemployment:
Classical
or real-wage unemployment occurs when real wages for a job are set above
the market-clearing level,causing the number of job-seekers to exceed
the number of vacancies.
Most economists have argued that unemployment increases the more the
government intervenes into the economy to try to improve the conditions
of those with jobs.For example, minimum wage laws raise the cost of
laborers with few skills to above the market equilibrium, resulting in
people who wish to work at the going rate but cannot as wage enforced is
greater than their value as workers becoming unemployed.Laws restricting
layoffs made businesses less likely to hire in the first place, as
hiring becomes more risky,leaving many young people unemployed and
unable to find work.
However,this argument is criticized for ignoring numerous external
factors and overly simplifying the relationship between wage rates and
unemployment- in other words,that other factors may also affect
unemployment.Some,such as Murray Rothbard,suggest that even social
taboos can prevent wages from falling to the market clearing level. It
is noted that there can be unemployment when job market is in
equilibrium.For example,the salary of appliance repairman in a city is
$3,000. At this salary,the appliance stores of city want to hire 100
repairmen. But there are 300 repairmen looking for jobs within the
city.So there are 200 repairmen looking for jobs are unemployed.At this
time,job market is not in equilibrium. But six months later, the salary
of appliance repairman in this city drop to $1,000. At this salary,the
appliance stores of city want to hire 200 repairmen.There are 200
repairman want to accept jobs. For the rest 100 repairmen, they no
longer want to work for this kind of job because the salary is too
low.By this time,job market reaches equilibrium. But there are still 100
repairmen unemployed because they no longer want to work for this kind
of job. |