The war in Iraq has been at the forefront of the presidential race but the importance of outsourcing American jobs seems to have been slightly overshadowed. If the issue of outsourcing is not watched carefully and a definitive plan hammered out, a trickling down of negative effects may occur within the U.S. economy. However, there is a polarized opinion on the effects of this “phenomenon”. In recessions of the past the American worker was laid off with the impression they would be rehired as soon as demand for goods and services were presented again. Now people in jobs from computer programmers to telephone operators are losing their jobs and never returning to the same field again.
One of the more enduring myths in Western society is that wars are somehow good for the economy. Many people see a great deal of evidence to support this myth, after all World War II came directly after the Great Depression. This faulty belief stems from a misunderstanding of the economic way of thinking. The standard "a war gives the economy a boost" argument goes as follows: Let's suppose that the economy is in the low end of the business cycle, so we're in a recession or just a period of low economic growth. The unemployment rate is high, people may be making less purchases than they were a year or two ago, and overall output is flat.
With the current economic market still reeling from the effects left by the recession that consumed the United States for eighteen months, we should take the time to weigh the benefits against the possible results that raising the minimum wage could cause. Statistics show that an increase in current wage would do more damage to the already unstable market, than the good that so many government officials want everyone to believe. The misinformation that is being delivered to the ever growing population of poor individuals provides them with false hope that the extra money that they will be receiving in their paychecks will pull them out of poverty and save them. The Truth Why Minimum Wage Should Not Be Increased The minimum wage debate has been ongoing since its inception when signed by Franklin Roosevelt on June 25, 1938. This bill has been widely criticized by its opponents generating countless studies as to the effects each forced increase would cause.
Outsourcing has been big political issue as highly educated and highly paid IT workers lose their jobs. In this competitive environment, companies have to concentrate on competency and they want to outsource everything to reduce cost so the trend toward offshore outsourcing is increasing. Outsourcing threatens that in future US will not have many technology people. As all the technical work will be ... ... middle of paper ... ...ures/feature.php?wfId=1872298 http://lieberman.senate.gov/newsroom/whitepapers/Offshoring.pdf http://www.iie.com/publications/papers/kirkegaard0204.pdf http://msnbc.msn.com/id/4631368/ http://www.computerworld.com/managementtopics/outsourcing/story/0,10801,78941,00.html http://www.agilemanagement.net/Articles/Weblog/OutsourcingDebate.html http://www.infoworld.com/article/03/12/19/HNoutsourcing2004_1.html http://www.washingtonpost.com/wp-dyn/articles/A36379-2004Mar30.html http://www.iht.com/articles/127188.html http://www.aicpa.org/pubs/jofa/mar2004/miller.htm http://www.wordiq.com/definition/Outsourcing http://www.nysscpa.org/cpajournal/2004/304/perspectives/nv1.htm http://www.nasscom.org/artdisplay.asp?Art_id=1907 http://www.nasscom.org/artdisplay.asp?Art_id=2552 http://www.capgemini.com/adaptive/media/TransOutsourcePOV.pdf
Over the past thirty years, the depreciation of the minimum wage has contributed to a ten to twenty percent increase in income inequality (“President Obama’s” 12). The falling of the minimum wage value greatly affects the bottom half of poorer workers and average workers and their livelihood compared to the middle class. By raising the minimum wage, individuals and families living in low-income situations are given the means to improve their living conditions. Increased pay and a smaller income gap opens great potential for a better workplace and more content workers and overall citizens. Opponents of this matter may argue that increased labor costs lower overall profit for businesses (Mejeur 15).
He described the paradox as a situation where America’s service sector holds about 85 % of the country’s information t... ... middle of paper ... ...mes computer just need to upgrade the software just to keep updated with the industry trends. Technology has also has negative impact on customers. Although information technologies did not gave appropriate positive results earlier in 1980’s the new information technologies adopted in 1990’s changed the competitive strategy of the manufacturing firms. Theories have said this before but lack of data cannot prove it. Most researchers investigating the return of IT investments mainly focused on productivity though well they are aware that they are likely to be underestimating the total returns of IT investments.
Introduction For many centuries, technology has encouraged growth: through increases in inequality and the market labor. Economists say that structural unemployment “occurs because workers don’t have the particular skills demanded by employers.” (Structural Unemployment: The Economists Just Don 't Get It. (2010, August 4)) There are many who question if technology has indeed raised or increases structural unemployment or if it hasn’t worsened the situation (by machinery taking over the jobs of humans for example or jobs that need a particular set of skills). But let’s say that technology changes do increase structural unemployment, why do most governments and economists encourage such change? This I will answer below.
Obama's Stimulus Plan was a series of governmental programs created to put the economy back on its feet and give it a much needed boost. Although the New Deal and the current Stimulus Plan were to combat widespread economic decline in the wake of market upheavals, the New Deal was a more all-inclusive reform plan; while the Stimulus Plan was intended for sectors most impacted by the nation's economic collapse. America underwent a massive economic downturn in the 1930's. This period was coined the Great Depression, because it was the "longest, most widespread, and deepest depression of the 20th century" ("Roosevelt and the New Deal”). Its devastating effects could be felt nationwide- unemployment rose to 25%, crop prices fell, and over 4000 banks closed or suspended operations.
Before deciding who gets your vote, there are various economic issues that must carefully be examined and taken into account when accessing each candidate. After reading these articles, I became aware of strengths and weaknesses for both candidates. Business Week stated that the Republicans have it wrong on jobs and the unemployment rate. The unemployment rate should be higher, because the numbers of discouraged workers who were once in the labor force or are currently seeking employment are not being counted, therefore causing the job creation numbers to appear higher than they actually are. The Democrats are wrong about unemployment itself stating that outsourcing is the main reason for slow job growth in the past few years.
When companies are starting to see a tough economic situation, they look for ways to reduce spending and overcome their financial short comings. N. Fredric Crandall, founder of Center for Workforce Effectiveness, contends most organizations find themselves faced with the difficult task of downsizing at some point (3). Further he argues payroll remains at the top of the list of damaging expenses; it is repeatedly the largest a company possesses (5). With the economy shifting between its highs and lows, American companies are looking for financial stability by means of a layoff versus other employee friendly processes. In American society, the act of a layoff in terms of seeking financial stability has been present for many years.