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Submitted By lwl398
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Weilong Liu
09/5/2015

The 2008 "Great Recession" what are the parallels associated with that economic situation and today?

The 2008 "Great Recession" made a deep influence on the world’s economic, like lots of people lost their job in that time and people in stock market lost lots of money. There is something in common to compare today and that time, people keep losing jobs and the world stock market still not stable. And the number of people receiving food stamps is higher than it was before the recession.

Which jobs are strategically under threat of replace (codification or non-codification) and why?
Factories workers, call center jobs. Because these jobs can easily be replaced by robots, and this can decrease the cost significantly

Strategically, is outsourcing a good viable alternative for companies, or just a short-term solution? Please explain your answers.

Outsourcing is a good way to help a company to save money and effort for researching and design. But this should have a premise which is the company have very strong design ability and patents. For example, apple is using Foxconn as the manufacture, and Apple still have very strong advantage on price making, because its products are popular, but for some other small companies like Chinese smart phone companies, they don’t have many advantages on price making and resource providing, the consequence is they always have the shortage of full filling the market demand.

Based on your education at KSU, do you feel that your career paths are safe? Why or why not?
I am majoring in Marketing major. I do think the education gives me a lots of professional skills, but it is not easy to apply all skills into work. And there are lots of people trying to get same jobs with me, maybe they have better education background and experience than me. I don’t think anyone feels safe for the future, no

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