...US jobless rate stays above 8% for 43rd straight month: Survey – The Straits Times Sept 03, 2012 Introduction: This article discusses the unemployment rate in US. The unemployment rate has exceeded 8 per cent since February 2009. Payroll gains slowed from an average 226,000 in the first quarter to 73,000 in the April to June period, before picking up July. Including the July advance, it has taken the US three years to recover about half of the 8.8 million jobs lost as a result of the 18-month recession ended in June 2009. Additionally in September, 2012, there are about 6.5 million people that are job losers and persons who completed temporary jobs according to U.S. Bureau of Labor Statistics. This unemployment number is an imperfect measure because it excludes both marginally attached workers and part-time workers who want full-time jobs. The two economic issues we would cover in this paper are: 1) Lost Incomes and Production; 2) Structural Unemployment. Discussion: 1) The Lost Incomes & Production • Basically, unemployment creates personal hardships due to loss of opportunity of earning income. The loss of income results in less consumption and a lower living standard. While this problem applies to any resource, it is most important for labor. The owners of capital, land, and entrepreneurship can often earn income from more than one resource. Thus a loss of income from one resource is not a total loss of income. Many workers, however, often earn income...
Words: 1079 - Pages: 5
...people are struggling to survive in this world. One example is the United States. Since the 1970s, its income inequality has been worsening, causing several major problems. This paper looks at US income inequality demonstrating the existence of this problem, the importance of addressing it, and the connection between such disparity and globalization, particularly economic and technological globalization. According to the data retrieved from the U.S. Census Bureau (See Appendix 2), it can be proved that income inequality exists. The real family data show that before 1975, all classes shared the prosperity, growing at a similar rate. Starting from 1973, the 95th Percentile (the level separating the 5 percent of the richest from the rest) rose at the same pace and increased approximately 60 percent; however, the growth of both the median (the level separating the half of the richer families from the other half) and the 20th Percentile (the level separating the 20 percent of the poor families from the rest 80 percent) slowed down. The Median only increased only 10 percent, while the 20th Percentile roughly grew (DeBot et al., 2015). This shows that the 1970s is the beginning of the income inequality and the US wage gap constantly widened since then, proving that income inequality exists in the US. It is very important...
Words: 2036 - Pages: 9
...company The lost of good job (change the competition of the job, technology) Globalization and technology change competition of workforce. We cannot hope to compete with low wage nations around the world. 3. Before China took that place, which country was seen as a threat to US economic eminence? Japan 4. What are the forces that changed the composition of the workforce? Globalization, everything made in everywhere. Somewhere getting job from American, like China. 5. How do the factories built today compared to the factories built in the past as to the creation of high paying jobs? Job carious because insignificant demand. Recently, Customer in US are 70% spending constitute 70% gross profit. If consumer scared and enable to spend, wage continue drop Consumers are not willing to keep the economic going 6. Do businesses have enough money to expand and hire more people to work for them? Why are they not doing so? They don't need tax cut, more money. American have to 2 trillion of cash. They could afford to expand business and create a job, but they don't want to. They don't want to create job without customer. 7. Before the housing bubble burst, what made Americans feel wealthy and able to spend at a level that exceeds their earnings? Government spending 8. How does consumer spending today compare to the pre housing bubble burst? What explains this change? We need to spend more to get the demand back, gross back and job back. we need to spend more...
Words: 436 - Pages: 2
...Running head: Jobs Jobs Author Author Affiliation Jobs Introduction The United States is the largest manufacturing economy in the world because it produces 18% of the products that are manufactured globally. In the United States, manufacturing supports around 17 million jobs, and manufacturing is what drives America even today (Terry, 2013). The most recent recession has hit the manufacturing sector in the US very hard, and new layers of red tape and more tax burdens are driving more manufacturing jobs out of the US to overseas destinations thus affecting the United States global competitiveness. Tax burdens on the manufacturing sector in the United States have made manufacturing in the US more expensive than elsewhere in places like China (Terry, 2013). Added to this is the fact that the trade unions in the US are driving up manufacturing costs by increasing the pay and benefits of workers in unionized companies. This has resulted in unionized companies facing more financial losses than non-unionized companies, thus forcing unionized companies to move out their manufacturing bases to places like China (Sherk, 2009). Employer-friendly unions can bring back manufacturing jobs to the US, and this can be achieved through changing the the attitudes, policies and practices of most trade unions in the US. How Can Employer-Friendly Unions Bring Back Manufacturing Jobs To The US? Most businesses run on profit motive, and...
Words: 853 - Pages: 4
...immigrants gone if you would like to add anything to my answer you can a. Illegal immigration equals virtually free labor, worker are willing to work extra hard for very low pay in local low-skill jobs (farm, construction, etc) therefore many low-skill Americans are unemployed. Legal qualified immigrants increase more productivity and profitability than Americans with PhDs leaving many Americans in high demand job fields (business, internet, food, furniture, apparel, etc) unemployed. With immigrants gone Americans will have more job opportunities available without having to settle for less pay or benefits. b. (My answer)With so many positions now available more of the remaining citizens will be able to now have jobs. Even with the pay being very minimal more Americans will have the opportunity to apply and receive the jobs. Jobs that skilled immigrants had will now fall to Americans that had the same skill qualities allowing for those Americans now to become employed. Benefits may not be great in the beginning, but will come along as positions are filled and products demanded are sold. Pay increases will also depend on products demanded and sold. 2.) With immigrants gone wages will decrease since this is the answer you selected we needed more factual as to how they will become poorer based of the information in our slides, lectures, or book readings. I combined some things I read in the slides with your answer c. Many American companies will lose their...
Words: 1644 - Pages: 7
...and met his father for the first time when he was 28 years old. Because of this Chris vows to be nothing like his father when he has a child of his own. Chris and his son Christopher Jr. are homeless. He takes on a competitive unpaid internship as a stockbroker in hopes to be hired on as a full time employee, all while caring for his son. This movie is a story of determination and hope while being faced with disappointment and provocation. There are so many lessons that can be taken from Christopher Gardner and of those I’ve decided to use a clip from “The Pursuit of Happyness” and teach a lesson on project & task management. The scene that I used to teach my lesson is called: Cold Calling. This is where Chris Gardner demonstrates how to reduce wasteful activities in the office to make a bigger impact in his productivity. Out of necessity to care for his son, Chris has a shorter day and does what he can to make the most of the resources he has. In the clip as Chris is calling potential clients he doesn’t hang up the phone in between calls to save precious time. He also eliminates time wasted using the restroom by not consuming water during the day as well as time wasted conversing at the cooler. Chris gained an extra 8 minutes a day with his method. Obviously, Chris’s ways were a bit extreme, but the lesson to be learned is that if we get focused and put our priorities in order we’ll be able to have effective and productive days at work. Christopher Gardner is such...
Words: 1132 - Pages: 5
...Alignment Worksheet: Human Resource 16 1.0 Goals and Activities: 16 2.0 Interview Questions: 17 3.0 Purpose Statement: 18 4.0 Performance Standards: 18 b. Strategic Alignment Worksheet: Accounting and Finance 19 1.0 Goals and Activities 19 2.0 Interview Questions: 20 3.0 Purpose Statement: 20 4.0 Performance Standards: 20 Appendix II 22 a. Human Resource Organizational Chart: 22 b. Accounting and Finance Organizational Chart 23 Executive Summary The project is an executive plan prepare for Atha Corporation owner Mary Atha whose goal is to double the company’s sales in the next year. There is an overview of the Human Resource, Accounting, and Finance functional areas purpose statement and how each promotes trust, motivates, and supports collaboration. Incorporated in the plan is the evaluation of how the purpose, relevance, planning, decision-making and organizing influences the role of a manager. In addition, the plan reflects the chain of command and supports the organizational functions for Human Resource, Accounting, and Finance areas. The Strategic Alignment Worksheets (SAW) illustrates the organizational goal setting and achievement from the executive level to the operational level. This will be done by simulating the organization-wide strategy of...
Words: 4885 - Pages: 20
...Inside apple is a book where the author lets us discover the whole new strategic world of Apple directed first by Steve Jobs. It introduces the original way Apple manages its company. We learned that the business strategy model Apple is using is completely different from what we learned in school. We’ve always learned that a company has to have free flow information contrary to Apple that faces a large secretly managerial structure. By the time you finish reading the book, you will have a completely different idea of what you thought about apple, and you will probably be afraid of working for that firm. The author shares with us many interviews he has done to Apple employees and they help you discover how they feel working there. Overall, this book will please anyone interested in International Business, and personally, it pleased me. I had no preference to any chapter, as they all conform the history of the company and how it woks, but I did pay more attention to Chapter 4 “Stay Start-Up Hungry” because it explains how Steve Jobs reentered his own company and did all the necessary changes to make it the best company in the market. After analyzing the chapter, I figured out Steve Jobs changed the company’s culture and make employees work at what they were best and nothing else. Apple created an atmosphere where employees where supposed to think big and mediocrity was not allowed in that place. In this chapter Lashinsky reminds us that in Apple, you can rapidly know who is responsible...
Words: 2173 - Pages: 9
...According to the bureau of labor statistics, data trends on unemployment from July to August 2012 were unchanged. At the end of August 2012 there were 3.6 million job openings on the last business day as there were in July. The Department of Labor stated that there is an employee hire rate of 3.3% and a separation rate of 3.3%; this is part of why the number of job openings did not change from July to August. The number of job openings changed in all industries except accommodation and food services, in these areas the numbers decreased. Overall this is an increase from 2009 where there were 2.4 million job openings. In 3 years we have increased the number of jobs available by 1.2 million jobs. Of this increase the amount of government jobs changed very little, jobs increased for nondurable goods manufacturing, wholesale trade, finance, insurance, and federal government. Most of the job openings are in the North East of the US and in the South. Positions decreased in mining and logging careers, this trend may stay on a decline due to the change of public interest. We are trying to conserve trees so logging positions are not as in high demand as they have been historically, we use more electronic communication than paper and we recycle, this all contributes to the decline of the logging demand. We are still building houses, and there is a need for logging to provide wood for homes, but even there we are using recycled materials and finding alternatives. Mining industry...
Words: 1528 - Pages: 7
...The following is a policy defining how data will be classified and how users will be able to access that data. New user accounts can be setup within Active Directory New Users and Computers (Create a new user account, 2005, January 21). This will allow the Administrator to create a User name and a unique password for that user. Once this is done, the user can then be placed in a group (Create a new group, 2005, January 21). This group will depend on what role the user will be fulfilling; for example if the user will be in the accounting department, they will be placed in the accounting group. Once the User has been specified into a group, then permissions can be applied for that group. For example, the accounting department may have two different groups – Users and Managers. Any file that has to deal with accounting can then have their permissions modified depending on the role of the user. This will also allow the administrator to setup the data classification of least privilege. To fulfill their job Managers will need to the option to read and write files, and to create new folders. This allows the manager to complete their job without having too much access. The User group will only need access to List Folder/Read data (Stanek, W. n.d.). This allows the user to read the information within the file but does not allow them to change any information within the folder. Lastly, any changes that are made within the system need to be documented for reference. Documentation of these...
Words: 526 - Pages: 3
...Manuscript – The Economic Crisis in the US Hello and welcome to our conference on the economic crisis we are dealing with here in the US. My name is Anthony Edelman; I am a student like the rest of you, who just finished a six-week special course on the economic crisis in the US. I have prepared a little speech on the effects of the present economic crisis on business and society. You may think that there is a job waiting for you after you graduate, but the truth is that the youth unemployment rate is at its highest, so you may want to listen closely. As a student it has never been harder to find work. In 2010 college graduates faced a 9.1 % unemployment rate; the rate was twice as high for high school students. It is harder and harder to get a job, and the pay is lower and lower for the youth trying to find work. The future is not looking bright. A young man named Ryan who works at fast food restaurants and at warehouses, applied for 200 jobs but only got two replies. The companies who are hiring wants people with experience, but how can we have experience when we are only 20 years old. Internships give experience but you do not get a paycheck at the end of the month. Since January 2009, 20 million Americans have been out of work, and there are at least three millions jobs open. But who’s is qualified for the job? In the manufacturing business there are 500.000 jobs open, but the manufacturers do not just hire anybody. They want qualified workers. A manufacturer called...
Words: 886 - Pages: 4
...Lopez Lopez 1 English 103 Professor Kirkley April 17, 2014 Who is to Blame for the Unemployment Rate Many of us go to school to have better opportunities in life. We achieve an education to potentially have not only a worthy career but also an enjoyable one. The truth is that unemployment levels in middle age individuals have raised drastically. This affects all of us in a way we have yet to imagine. While some of us attend college, many of us are also part-time employees. We are most likely to work as routine producers. Rountine producers perfom various tasks from working in a warehouse to telemarketers and so on. Others may work as in-person servers such as waiters, sales persons, cashiers, ect. Little by little these jobs are vanishing and drying at a very rapid pace. So ask yourself, is it the governments responsibility to provide jobs for routine workers. In my opinion not only is it the governments obligation to provide an environment where job creation can occur but it is also the government’s responsibility to generate a society that is conducive to a successful lifestyle for its citizens. Afterall they have the ability to control some common factors associated with the problem such as tax credits, underwrititng exports, minimum wage, and immigration. Routine production in the United States wasn’t at all bad, in fact that’s how many of our parents made a living and sustained a household. The truth is that now things have drastically changed, according...
Words: 1636 - Pages: 7
...Connecting to Work: How ICTs Are Expanding Job Opportunities Worldwide September 10, 2013 * * ------------------------------------------------- Top of Form Bottom of Form * * * Information and communication technologies are creating new job opportunities for workers and employers around the world. STORY HIGHLIGHTS * Information and communication technologies (ICTs) are transforming the world of work, creating new job opportunities and making labor markets more innovative, inclusive, and global. * Three trends are driving this shift: greater connectivity, the ability to telecommute and outsource work, and globalization of skills. * A new paper looks at ways policymakers can maximize the positive impact of ICTs on employment. RELATED WORLD BANK * Policy Note: Connecting to Work: How Information and Communication Technologies Could Help Expand Employment Opportunities * Website: World Bank ICT * Website: Jobs Knowledge Platform MULTIMEDIA Video Connecting to Work: ICTs & Jobs When Gopal Maharjan, a young engineering graduate in Nepal, started looking for a job in Kathmandu he did not get a great response. Then he heard about online jobs with CloudFactory, a “microwork” platform. He and some friends formed a group and applied online. They were accepted and given part-time jobs doing work such as digitizing old, hand-written data, tracking supermarket receipts, or even medical transcription. The group meets regularly with CloudFactory staff...
Words: 974 - Pages: 4
...6 | Task-2 | 7-10 | | 2.1 Analysis of the key motivational theories and how they influence organizational success | 7 | | 2.2 Evaluation of the role of leadership and management in employee motivation. | 8 | | 2.3 Analysis of the contribution of performance management techniques as organizational processes | 10 | Task-3 | 11-13 | | 3.1 Analysis of the development of teams | 11 | | 3.2 Analysis of the roles and models of team leadership | 12 | | 3.3 Evaluation of the role and usefulness of teams within the organization | 13 | Conclusion | 14 | Reference | 15 | Introduction: For one’s individual success, leadership and management practices are so much important and that of our organization. To take the benefit from this training program that improves leadership and management in the organization, this elements may capable us on ways to attain professional and commercial information on leadership and management and give support as a self-study exercise for us to have knowledge of basic management and leadership skills which can be implied at various sectors in our company or organization. It can persuade us the theoretical knowledge of leadership and management on motivational improvement and performance through the closely connected application of leadership skills and the development and effectiveness of teams. At the last of the training program, it is hoped for us to see leadership and management skills, practices and development as a weapon...
Words: 3571 - Pages: 15
...customer plan for many reasons, as: • Minimize stress — A company can reduce it with a systematic way of dealing with your customers. • Higher efficiencies — An effective customer service program provides a game plan for working on those areas most important to your customers, while reducing distractions that can derail your progress. • Increased morale and satisfaction — A plan that’s designed to delight customers, can rally employees more easily and inject more meaning and gratification into their jobs. • Survival — You need effective customer service to turn your high-growth business into a viable long-term competitor. 4. Steps to Create a Customer Service Plan STPES 1. Assess customer service Evaluate how the company focuses on customer satisfaction. Low scores means need for improvement. 2. Understand customer requirements The organization must identify the customer’s priorities for doing business with the firm. For that it is necessary to gather information. 3. Create customer vision and service policies An effective customer...
Words: 746 - Pages: 3
