Introduction
During the Great depression of the 1930s, American workers demonstrated, picketed, rioted, and struck due to poor application of both economic and government policies in solving the problem. The policies applied were not very effective in solving the economic problem due to the economic imbalance in different sectors of the economy. It therefore contributed to the great depression taking a very long period because various economic forces led to its recurrence in various aspects of the economy. During the Great Recession of 2007-9, the workers quietly accepted massive layoffs and pay cuts because the economy status was relatively adaptive to changes. This means that good application of economic and political policies necessary for problem solving are set in place.
The reaction of workers towards the great depression of 1930 is clearly elaborated in the context of high wages and prices of goods was against the economic forces since this increase the rate of inflation. The increase in the wages worsened the situation because it led to higher prices which may even increase the rate of inflation therefore leading to a minimal effect in solving the economic depression. The workers reacted with less agony or militant during the Great Recession of 2007-9 because they were knowledgeable about the effects of high wages and prices of goods and service. It thus implies that a good number of workers absorb the trends brought along by the recession (Freedman, 2005 p. 89).
During the great depression of the 1930s The investment in incentives and tax credits as well the special rates of tax led to perpetual difficulty in solving the economic crisis therefore the economic depression took a long time to end. It thus irritated the laborers making the to seek for immediate action by going to demonstrate on the streets. Whereas during the Great Recession the government uses of adequate techniques of tax manipulation therefore which were helpful in solving the economic and motivates the living standards or working conditions to come back to normalcy.
The major impacts of labor quiescence on public policy is that the it facilitate the entire process of making policies either negatively or positively. A quiescent labor force is most common in playing a role of creation of a dormant economical condition. This means that application of the policies to the public are regulated or determine by the kind and nature of labor in place. This kind of labor therefore suggests that the general economy is not performing well since minimal production would be taking place. The other impact is that the worker morale to provide quality service would be interrupted hence influencing the economy and the political stability (Jagannathan, 2009 p. 96).
In conclusion, the policies against the market forces led to the choking of the efforts that would have enabled the recovery of the economy. The depression therefore took a long duration of time due the anti-market policies which could not allow the market to balance automatically. The long period during which the economy was in that state the workers were high totally affected and had to seek for immediate action by try to make their voices heard.the Great recession on the other hand receives a smooth or a friendly reaction from the workers due to the fact that the current economic trends are kindly monitored hence nobody is caught unaware.
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Works Cited
Freedman, Russell. Children of the Great Depression. New York: Clarion Books, 2005. Print.
Jagannathan, Ravi, and Mudit Kapoor. Causes of the Great Recession of 2007-9 The Financial Crisis is the Symptom not the Disease!. Cambridge, Mass: National Bureau of Economic Research, 2009. Print.
