To explain the difference between the workers who are categorised as blue-collar and white-collar.
Answer to Problem 10AA
BASIS | BLUE-COLLAR WORKERS | WHITE-COLLAR WORKERS |
Meaning | Such people who are involved in jobs which involve physical labor are called blue-collar workers. | The workers who perform the clerical work are called as white-collar workers. |
Color of attire | Blue | White |
Remuneration | They are paid in the form of wages. | They are paid in the form of salary. |
Payment cycle | They have a daily payment basis. | Their payment cycle is monthly. |
Place of work | They work in fields or industries. | They work in the office. |
Basis of payment | They are paid on the basis of hours they have worked. | They are paid on their performance basis. |
Job performed by | Known as Workers. | Known as Employees. |
Requirement of job | They need physical power and strength to perform the task. | They require mental sharpness and management skills to perform. |
Explanation of Solution
Blue-collar jobs involve such types of jobs in which workers are provided with wages for their work such as construction, maintenance, etc and are considered to be working class, while White-collar jobs are those which involve high positions such as corporate executives, doctors, architects, etc to the people with good management skills.
Introduction:
White-collar: These are jobs in the service sector and don't involve physical labor.
Blue-collar: These are jobs to workers in which physical labor is involved such as manufacturing, mining, etc.
Chapter 12 Solutions
Economics Today and Tomorrow, Student Edition
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Financial Accounting: Tools for Business Decision Making, 8th Edition
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Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
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