Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 220952,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/220952/?format=api",
    "text_counter": 208,
    "type": "speech",
    "speaker_name": "Mr. Mungatana",
    "speaker_title": "The Assistant Minister for Justice and Constitutional Affairs",
    "speaker": {
        "id": 185,
        "legal_name": "Danson Buya Mungatana",
        "slug": "danson-mungatana"
    },
    "content": " Mr. Deputy Speaker, Sir, I want to congratulate the Minister for Labour and Human Resource Development for moving this Bill at such a time. The relevance of labour institutions and the Labour Institutions Bill, which we are moving today, can only be understood, if we understand clearly labour economics. Labour economics basically deals with the question and management of supply of labour on one side and the demand for labour on the other side. The supply of labour is brought by the workers into the market and the demand for labour is taken by the employers in the labour market. The normal micro-economics theory lets supply and demand determine what happens in the labour market. Those are neo-classical theories of economics. But, in the Third World, it is necessary to bring in institutions of labour to govern the pure theory of economics of supply and demand for labour. If we leave it to the theory of the market, then our people are going to suffer. That is the big reasoning behind setting up relevant labour institutions that are good for purposes of creating an intervening mechanism between labour, which is being supplied, and employers who are demanding for that labour. The big reason is that, in our situation in this country, the labour is much more than the demand. If we left it to the forces of the market, then that labour is going to face exploitation and it is our duty to pass this Labour Institutions Bill. That is why I am seconding, supporting and commending the Minister for bringing this Bill."
}