Overall the American immigration system hurts the economy because the country is not bringing is highly skilled workers; instead they are bringing in under skilled and high-risk immigrants. The only way that the economy can be boosted is if American politicians put their party lines behind them and pass proper immigration bill. Congress has been dragging their feet for the last twenty years because parties are afraid of losing control. Congressional bills aimed at reforming immigration could cut the waiting time for immigrants who are waiting for their green cards. The reform bills such as those recommended by the Jordan Commission would have significantly reduced the wait time for receiving a green card but political lines caused the bill to fail.
The outsourcing of jobs by corporations is continuing to have a negative effect on America’s economy. Outsourcing is unethical, unjust, fair taxes are avoided by outsourcing, only corporations genuinely benefit from this institution, it is a catalyst in the fall of America’s economy, and outsourcing is placing damage on the fragile infrastructure of our economy. The ethics of offshore outsourcing is questionable. The workers that the job is outsourced to are paid significantly lower wages than the typical wages for that area of expertise. Take China for example, the highest average minimum wage was 1,550 yuan per month, which roughly amounts to 240 dollars a month (“Wages in China”).
This instils a belief in the economists about the credibility of using GDP as a tool to measure economic growth. But over the years the economists and statisticians have realized that even though GDP is good measure of national economic welfare, it does not give the true picture as it fails to take into account the environment and social aspects of progress. The GDP restricts itself to the final output and largely ignores the supply chain and intermediate stages required to produce all those finished goods and services (Forbes, 2012). It overshadows the growing inequalities and stimulates the depletion of resources. It also fails to measure the economic services provided by the nature and all the things that do not have a market price.
Budget-conscious consumers, who have the greatest elasticity of demand, are not likely to purchase Apple goods at all since Apple often introduces features that render previous versions of goods obsolete. Thus, in general, Apple encounters relative, but not absolute, price inelasticity (Gillespie, 2013).
Corporate greed and extreme partisanship have gotten the American people nowhere, and if they are allowed to continue in the same manner apocalyptic days may be upon us. If America is to find it's way out of this economic mess, small businesses should be the ones getting billions in government aid, not big business. The government should find new ways to deal with the economic collapse because corporate greed, extreme partisanship and a lack of aid for small businesses has not helped. Corporate America has nearly single-handedly caused the crash of the American economy. These giants need to be reined in or they are going to cause a crash the likes of which Americans have not seen since the Great Depression.
The costs are implicit as well; these big box stores destroy local economies, are known as a bad neighbor and are also harmful to the environment. When General Motors was at the top of its game, it operated in a comparatively gentle, competition-free environment. It could afford to be generous. Today, the Big Three show what happens when a company continually raises benefits while failing to grow. Blaming Wal-Mart for America's wage stagnation is unfair.
2. Why would it be unethical for Apple to sell its iTunes customer information to other businesses? Ans. It is unethical for Apple to sell its iTunes customer information to other business because it would break the users trust and decrease the value of Apple in the market. 3.
(p. 95) This is an example of how free trade can be harmful to developing countries. When consumers lose jobs they can no long afford to pay for not just luxury items but basic living expenses that other industry are selling which sends a county into economic tailspin. I propose that rich nations should be more morally accountable for manufacturing companies they have around the world. Places like Wal-Mart and the gap here in the US should be paying workers fair wages, have decent working hours, no children worker under 16, and safe working conditions. U.S companies should follow the laws we have in our own country and abide by them in others.
He explains the insurance companies want to rewrite Superfund so taxpayers are the ones who pay for the cleanups rather than them (Williams, 252). Williams takes a different stance than Reilly on the legal battles due to responsibility disputes. Reilly puts the blame of lawsuits on the EPA for not fairly distributing the responsibility, but William explains the insurance companies are responsible. He uses a study which shows insurers spent $1 billion on defending themselves out of the $1.3 billion they spent on Superfund. Insurance companies refuse large claims because it scares away policyholders and most cases will settle for less money than originally required (Williams, 253).
This has resulted in growing interactions between government, businesses and society as a whole. In the past, businesses primarily concerned themselves with the economic results of their decisions. “Today, however, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions” (Anderson, 1989) . This paper will discuss the concept of social responsibility, types of Corporate Social Responsibility and the benefits of having Social Responsibility. Corporate Responsibility Corporate Social Responsibility is looked at as corporate citizenship, or responsible business.