The reasons as to this present inequality are tied to the functions of capitalism. Globalization has resulted in large masses of people who are competing for jobs and the result is businesses will hire individuals at low pay rates/ low benefits (Standing 5). Globalization has also resulted in many businesses outsourcing their employees and production to international countries with little to no infrastructure to protect the rights of workers and the rights to resources. Countries that do not have the legislature in place to facilitate fair treatment are the most abused and experience higher economic inequality rates. The theory of Trickle-down Economics does not apply in these countries because what financial assets do go into these countries usually remain at the top of the social ladder (Diaz).
A major reason that the United States fell into the recession was because banks and private businesses were giving credit to people who could not afford to pay back or had a bad credit to begin with. This was a major problem to all types of busin... ... middle of paper ... ...es are a great way to start out a internship in a Business Administration career because they hire people from the community and people that are not required to earn a high payment as a beginning salary and people who want to learn about the business. At some internship interns do not get paid for the hours they worked because to graduate it’s a requirement and you need them to learn and get a better feeling about the job. As you can see there are many problems that affect the career of my choice. The economy is something that we have to live with and cannot live without it.
Balko also uses the argument that the workers willingly work in the current environments. Some of the arguments against sweatshops raised by Americans is the they take jobs away from the American people. In the job force it is becoming harder to find an open position any where. Instead of keeping the factories here the companies are shipped over seas, causing millions of job opportunities for Americans to be lost. Some arguments raised by the United Students Against Sweatshops (USAS) are the poor working conditions, low wages, long hours, and children in the factories.
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”).
While a company's directors and owners may feel the economic pinch of less consumer spending, it is the worker who "stands to lose all of his or her income" (Bowles 130). Norma Rae dramatizes the fears of its characters when Norma Rae points out that the O.P. Henley Mill is one of the few places to work in Henleyville, especially in unskilled labor. The constant threat of unemployment weakens the workers’ bargaining power with the company, in effect giving the company a large advantage that allows the managers to ignore basic human comforts and safety. Rigid control over the labor process allows for higher profits.
They are paid low wages with little potential for advancement, are subjected to hazardous working conditions, and are threatened with losing their jobs and even deportation if they voice dissatisfaction with the way they are treated. Many work several jobs to make ends meet. Many also live in substandard housing with abusive landlords, have few health cares options, and are victims of fraud and other crimes. Immigrant problems are related to trade agreements designed to enable large corporations to capture both consumer markets and cheap labor. These agreements protect rich investors, but not the workers or the environment.
Working in capitalism can be seen as a positive and a negative thing. It is positive for the employer because he takes the finished good and sells it in order to make profit. He loses money because he pays for the labor of the workers. Working in capitalism is negative for the worker because he is constantly being monitored from his boss and doesn’t have freedom at all. When you work in capitalism you make your boss rich and not yourself.
Minimum wages should not be raised. Raising minimum wage will cause employers to decrease their employees working hours which affect the employee and the business. Also, there would be an impact of job losses on a still-fragile economic recovery. Although some may argue that no one who works full-time in America should have to live in poverty, Americans are paid higher wages than the average employee in Mexico. The main reason Americans who work full-time may live in poverty is because of how they spend their money.
“The fact that tens of millions of workers will still be trapped in low-wage hell while a sliver of Americans live better than the kings of old will seem like a minor detail.” (David Callahan) Hard working individuals are treated unequally in retrospect to the little amount of income they receive compared to the 1% community and the limited amount of work they need to complete to be considered the 1%. Income inequality causes big businesses... ... middle of paper ... ...dangerous level, and the government has turned a blind eye to this issue. The government should step in and do more to fix this issue because income inequality is causing controversy and discrimination between the 1% of wealthy individuals and the not so much, poorer less fortunate 99% of America 's working class citizens. With income inequality on the rise, it is slowly but surely killing our country from the inside out. It is causing the middle class to slowly dissipate into a false reality with endless hope for recovery and modification.
This angered the Unions of America because their livelihood depended on the American working class. The Unions then persuaded the government to regulate the business giants and control the amount of money the companies could take in by disallowing monopolies and child labor. The "Kings of Capitalism" disregarded the impact their actions had on the lives of the working class men and their families. Many went hungry because of the lack of jobs available and were forced to go into debt to the companies that was impossible to be repaid. The Robber Barons would do almost anything to gain more money and more power even putting hard working people out of their houses.