Employment Problems In The U.S.
Downsizing, restructuring, rightsizing, even a term as obscure as census readjustment has been used to describe the plague that has been affecting corporate America for years and has left many of its hardest working employees without work. In the year 2001 we had nearly 1.8 million jub cuts, that’s almost three times as much as the year 2000(Matthew Benz). In the 1990's, one million managers of American corporations with salaries over $40,000 also lost their jobs. In total, Fortune 500 companies have eliminated 4.4 million positions since 1979 including the 65,000 positions cut in February of 2002 (Ellen Florian). Although this downsizing of companies can have many reasons behind it and cannot be avoided at times, there are simple measures a company can take to make the process easier on the laid-off employees and those who survive with the company.
There are many reasons why a company might need to downsize. In today's corporate America, it is a plain fact that far fewer employees are necessary to maintain a successful operation. Many times, it is the case where a technological advance or breakthrough makes it possible to replace a previously human job. It is also an all-too-common scenario that outside influences such as sudden shifts in the market or changed government policies force corporate executives to make coinciding decisions regarding their staff and these external changes. The fall in interest rates and energy prices have helped companies control spending in the economic recession, but controlling these costs has taken some of the focus away from there employees and satisfying there wants and needs (Economist Vol. 362). Yet another problem facing the employment of our citizens.
Another one of the major problems in today's business world are the salaries being paid to the workers. Since employers are not paying their workers high wages, the workers have little to put back into the economy. Some cities have decided to make mandated pay raises for employees who have been with firms for so many years. It would also guarantee that employees make well above poverty levels to insure that more money is being put back into the economy (Eric Roston). This causes the system to plummet and forces companies to downsize to keep from going under. Wall Street firms cut positions in order to bring the Dow Jones Security ...
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...ortunities for growth and skill development. After a restructure, there are many ways an employee can grow vertically and horizontally within their company. Since so many positions are eliminated in such a process, the remaining employees sometimes need to learn new skills and adapt to handling greater amounts of work than ever before. While this may be an inconvenience at first, these skills and abilities can assist these people in future job searches.
The downsizing process is a fact of life. It affects all people from managers to laid off employees and their families as well as those who remain with the company. It is something that will continue to occur with no end in sight. As long as our world market continues to grow, so too will the concept of downsizing grow. This process can lead to psychological problems, and creates anxiety and frustration for those of both ends of it. This is a problem that most likely will not have an easy solution, or at least not any time soon. It is something that we all must deal with in one way or another, and as for the victims of downsizing, the only thing they can do is try to piece their lives back together and hope for the best.
In the Dominican Republic, I would not place an emphasis on slave heritage as slavery is associated with blackness, blackness with being Haitian, and being Haitian with being savage and backwards. This conflation of Haiti, blackness, and savagery is the handiwork of numerous 19th century travel narratives that claimed to provide “unbiased” accounts of the island of Hispaniola. In fact, Candelario includes an account that consistently contrasted the two countries and their inhabitants, “One was white, Spanish, and Catholic; the other was black, French, and irreligious. One was “civilized” because it courted the United States and Americans; the other was barbaric because it jealously defended its political and economic sovereignty” (Candelario 47). Travel narratives such as this one that positioned the Dominicans as “the whites of the land” were adopted by Dominicans and used as part of the foundation in the nation’s construction of race, and can be used to explain its affinity for
The major downfall and/or reorganization of companies have cost: lost securities, downsized or vacancies in employment, lost or minimized retirements, and assisted in the economic recession. The following companies have been involved in varying experiences that led to financial improprieties and unethical decisions.
With the problems starting with the dissolution of the first triumvirate and the actions of Julius Caesar, it seemed almost inevitable that the Republic would become an Empire. With the death of the true republican, Cicero, and many not remembering what the republic was like, giving power to the capable and honorable man seemed as if the best answer. Furthermore, if the Rome continue to remain a Republic the Senate could not have maintained the success or power that the Empire held. The ambition of one man made it easy to continue the growth whereas, many of the policies and disputes the country faced had face might have taken to long or complicated had the republic
The Roman Republic is highly praised for its innovation, influence and expansion. In a period of expansion, there was a setting of constitutional precedent for the future late Republic and Roman Empire. The Roman Republic can also be viewed from the perspective of internal balances of power. That being said, although the Republic was not a full democracy, as stated by Polybius, it did provide some political power to the people. Although the Roman people played a significant role in politics and had some power, said power was limited through checks of the Senate and Consul, and most positions of power were very concentrated in the hands of Patricians and aristocrats. The powers that all citizens inherently possessed did however play a significant
As Rome became independent from the Etruscan ruling, its government walked away from having a monarch and transformed into a Republic as a way to avoid the tyranny that many times comes with an absolute autocrat. Rigorous precautions were taken from the start in order to keep the power balanced. Moreover, the structure of the government was meant to be resilient to bad judgment. The structure of the Roman Republic with its government and law provided for a more just system.
The addition of the people in Roman governance ensured that laws or legislation proposed by the consuls went through strict review process . Although, only the Patricians could vie for governmental positions and the plebeians were relegated to the fringes of society. The launch of the council of plebs allowed the plebeians to review and accept laws proposed by the consuls . Having a multi-faceted form of government ensured that there was cooperation amongst the divisions of government. For instance, when the Consuls were in Rome, they would propose issues for the senate to discuss and they would also summon the assemblies to vote on the proposed law . This cooperation among the different divisions of government allowed the Republic to make informed decisions about the advancement of the state. In addition to its cooperative style of governance, the Roman constitution also outlines the role of each division of government outlining their strengths and limitations . The establishment of the roles of each division of government ensured that no one could exceed their assigned power. The initial success of the Republic can be attributed to the counterbalancing system of the
In essence, the Roman Republic had incorporated from the Spartan constitution but had reformed it in the way that it had taken away what faults they had. The Roman Republic had taken the idea of unifying the people of the country with both “courage and high morality,” “combined in one soul or in one state,” to make it difficult to be overcome by enemies (Page 146). due to the forceful rule of Sparta, the Helots surrounding the Spartan polis decided to break free and revolt. This allowed for the larger powers to capitalize on the weakened infrastructure and leave Sparta defenseless since they could not fend off both forces. Moreover, a key to the success of the Roman Empire was also the downfall of the Greek city-state Sparta. On behalf of the neighboring powers, Sparta they had ruled over them to work the land under slavery. In contrast, the Romans had let the surrounding landowners and city-states to govern autonomously without taxes or any tribute payments and had only required for the people to be loyal to the Roman Republic and contribute troops to Rome’s armies. This allowed for the size of the Roman republic to grow alongside with its army all under one rule. Furthermore, a settler might forfeit its Roman citizenship to land in a new colony and consolidate Italy under the rule of the Roman Republic. Additionally, these roman citizen colonies were smaller in size but would protect the coasts from any invading naval armies, creating a widely system of
The Industrial Revolution created these problems as many companies were focused on production numbers. There were many poor citizens in this time period that would do anything to have a job. Jobs were scarce
The Roman Republic was founded in 509 BC after the ruling Tarquins abused their extensive power as monarchs and were overthrown. The goal of the Roman Republic was to have a strong government, governed equally by the patricians and the plebians, and to avoid another Roman Monarchy. For years Rome was guided by great men, such as Cincinnatus and Scipio Africanus, who led the Republic through hard times, conquering such enemies as the Etruscans and the Carthaginians. Large-scale war united Roman society in its common goals. However, after Scipio’s victory at Zama in 202 BC, a new Roman world began to take shape. Roman soldiers returned home from their victory to find that they could not pay for their farms, becoming “squatters” on their own lands after having to sell them to richer men. The Senate became corrupted, and despite the Gracchi brothers’ best efforts, the rich patricians soon monopolized nearly all aspects of the Republic, from trading and “farming” to governing the people. After marching on Rome, Sulla became dictator in 82 BC. After Sulla, the First Triumvirate: Pompey, Crassus, and Caesar, owned virtually all power in Rome, yet each had his own desire to defeat the other two and become Emperor. When Crassus died in battle, Caesar had his chance. He defeated Pompey and marched on Rome, victorious. After declaring himself Dictator for Life, Caesar was assassinated, and another Civ...
Leveraged buyouts may have turned huge profits for investors, but many of the lower class citizens detested these buyouts and the negative impacts on their lives. The job cuts and increased unemployment are both commonly seen after a leveraged buyout, because the new company experiences a lot of debt. Even though Kravis stated, “it is not [their] intention to dismember the company or have any mass firings of employees” , the management along with KKR still released many employees and sold off large parts of the company. Although it was done to help the company try to overcome the debt, people were not happy.
Layoffs are one means by which an organization can reduce expenses with the intent of improving its bottom line. Despite being typically performed as a last resort, layoffs often have a negative impact on the remaining workforce. As a manager, there are numerous areas for concern in managing the workforce going forward. The human costs related to downsizing are “immense and far-reaching” with one of the most profound being survivor syndrome according to Hanson (2015, p. 187). Also known as survivor’s guilt, this condition relates to the emotions felt by those still employed and some of the effects include decreased motivation, moral, and job satisfaction, as well as an increased proclivity to search for other employment. This volunteer turnover being another grave concern for managers, and retention of the remaining workforce is usually dependent on their existing perception of the organization and its culture (Sitlington & Marshall, 2011). Also relayed by
The employment policies have not kept up with changes in the economy, workforce, and the nature of work causing a severe financial impact
Analysis of the labor market in the economy reveals a reduction in vacancies while the number of job seekers significantly increases over the past few decades (Dickerson, 2008, p.1). Particularly, the youth employment looks worrying with a serious downward trend with so many of them unemployed. The numbers of free people who are full educated or trained have also decreased. The unemployed in the economy are either inactive or unemployed. The annual changes continue to show a rise in unemployment of young people both for student and others. With lack of government employment as well as training programs, many individuals opt to seek for self-employment (Dickerson, 2008, p.1). Statistic continues to show that there has been an increase of workless people in comparison to the vacancies available. The general picture, therefore, remains that labor market constantly fails to meet the needs of people regarding employment. Although this is the case, there has been some variation across regions with Scotland and Wales in the UK showing decreased performance. There remains a risk that employment will increase in the coming years. The present concern is long-term unemployment, specifically with regards to the youths who are most disadvantaged in the labor market (Dickerson, 2008, p.1).
From the beginning, the film is filled with controversial decisions. First, the firm that is depicted in this film decides to lay off most of the employees in the firm leaving only 20% of the workers. However, the firm’s managers do not lay off the workers personally but hire another firm to do this. Without prior warning, the mass layoff takes place in a rather insensitive manner with employees expected to leave immediately. First, the decision by the company to lay off the people without warning is a questionable decision. Though they are offered a severance package, the employees are traumatized by the lay off. Having reported to work just like a normal day, none of the employees expect that they are going to lose their jobs on this particular day. Therefore, it is a surprise when the hired human resource team comes in and explains to the employees that they no long...
Unfortunately, there are many Americans out of work in today’s current declining economy. Unemployment can be defined as a person who is out of work involuntary, not by choice. These people are looking jobs and available to start work. Being unemployed can be disheartening and deciding what the next step is can be challenging. Underemployed can be described as being inadequately employed, such as a low-paying job that requires fewer skills than one possess. (Daly, Hobijn, and Kwok 2015) Making ends meet can be difficult for one who has been affected by this economy over the past few years. America still has a high unemployment rate since the decline of the current job market. And many Americans are struggling to establish the skills needed for employment, or the underemployed are force to lower they skill to make a profit. America’s economic status has force the underemployed and unemployed to make ends meet with the current jobs available. And last but not least some have also utilized these difficult times to venture into new discoveries to make life hassle free. So, we wonder is Americans giving up in today’s economy or do they settle for lower end job to establish a steady income to make ends.