The Outsourcing Trickle Essay - 1237 Words

As esteemed journalist Tom Piatak wisely puts it, â€Å"The trickle of outsourcing threatens to become a flood.† His words speak the truth as outsourcing has left United States’ workers jobless, and it continues to increase the unemployment rate every year. During February of 2009, American workers lost a record 651,000 jobs alone, increasing the unemployment rate to 8.1 percent, the highest it has been in 25 years (Katel). Multinational corporations, hoping to cut down costs and stay profitable in the market, outsource by exporting American jobs to third-world countries such as China and India. It may seem noble that outsourcing provides third-world countries with job opportunities, but the United States’ markets and industries are greatly†¦show more content†¦Companies close down U.S. buildings and factories to reduce costs, capital gets exported abroad, and this money can no longer go towards economic expansion. These direct hits on U.S. local, state, and federal governments have detrimental effects on the economy due to fewer unemployment benefits and reduced economic expansion. On the other hand, some critics state that globalization of products â€Å"are creating new markets [in India and China] for goods and services,† increasing government wealth (Cooper). Unfortunately, proponents of this argument fail to recognize that globalization benefits are not trickling down to all sectors of the U.S. economy. Recent studies show that lost manufacturing jobs, the sector most affected by outsourced jobs, are replaced by lower-paying jobs in the service sector (Cooper). With these lower-paying industries, the downsized gross domestic income of America impacts the economy and shrinks government taxation. The average American is then greatly impacted because lower tax money means the government cannot provide essential benefits to people. When jobs are outsourced, the U.S. government as well as the U.S. economy greatly suffers. Outsourcing of both skilled and unskilled jobs in the U.S. has a sufficiently weakens economy due to a decrease in the consumption of goods. Once workers are unemployed, they no longer have enough money to purchase products in the market. Heidi Shierholz, a labor economist at the EconomicShow MoreRelatedUnited States Should Not Be The Best Essay1287 Words   |  6 Pagesone percent in the United States. They have large amounts of money, why can’t they give any away? They use their money to boost their profits instead by underpaying employees to other countries, avoiding taxes through loopholes and tax havens and outsourcing jobs to other countries. The money they send away could be used for government funded programs like food stamps and unemployment or they could donate to food banks. There is a plethora of ways big business is damaging our own economy and it is starvingRead MoreEconomic Exchange within a Globalized World1195 Words   |  5 PagesHowever this has not benefi ted the poor. In contrast those in poverty have either remained in poverty levels or have continued to sink further in (Globalization and the Trickle Down n.d.). This can be explained by the notion of â€Å"trickle down† theory (Howard-Hassman 2005). This theory suggest that wealth should hypothetically flow or â€Å"trickle† down from wealthy individuals and countries to the poor individuals and countries (Howard-Hassman 2005). However this theory does not account for corruption and theRead MoreGlobalization : As Transnational Corporations ( Mncs )1327 Words   |  6 Pageswithout set regulatory policies to protect them. For instance, workers are subjected to unpaid overtime, toxic chemicals, and dangerous equipment. Nevertheless, some believe if the corporations acquire revenue, the money trickles down to the less economically developed. Outsourcing labor creates a relationship of mutual exploitation. The corporations secure profit off of the cheap land and labor, while the workers benefit from the money flowing into the region. Despite the low wages, long hours, andRead MoreIndia s Pharmaceutical Industry : International Trade Limits On Account Of Their Abuse Of Intellectual Property Rights858 Words   |  4 Pagespharmaceuticals available for purchase in the United States to practically 900 plants in India, giving Indian organizations legitimacy that potential opponents are in other areas, for example, China. For Western establishments, the undisputable interest of outsourcing drug manufacturing to India is that it lowers their expenses, empowering them to protect their income in a relentlessly hard domestic environment where government healthcare regulation and increased competition have put burden on the valuing ofRead MoreIndia s Pharmaceutical Industry : India856 Words   |  4 Pagespharmaceuticals available to be purchased in the United States to practically 900 plants in India, giving Indian organizations legitimacy that potential opponents in spots, for example, China. For Western enterprises, the undeniable fascination of outsourcing drug manufacturing to India is that it lowers their expenses, empowering them to protect their income in an inexorably troublesome domestic environment where government healthcare regulation and increased competition have put weight on the valuingRead MoreThe United States And Its Impact On Health Care1649 Words   |  7 Pagesalike. However, instead of attacking the problems that have been plaguing the American economy, Kensian and trickle-down economics are used as a bandaid for short term economic downturns. In order for the United States to improve its economy in a dramatic, longlasting way, major issues such as excesive health care costs, reliance on foreign fossil fuels, and illegal immigration and outsourcing must be faced and solved through dynamic, innovative methods. One way to improve health care in the UnitedRead MoreAhmad Tea Company: PESTLE Analysis838 Words   |  3 Pagesa tendency to overtax companies by the government that leads to low wages for employees in a company, taxes takes away some of the money that could have been used to pay the employees making employers not to pay good wages to their employees this trickles down to Ahmed Tea company overall poor performance. Economic-the budget for the UK government and factors such as reduction of custom duty can have an effect on Ahmed tea companys operations. Social -Ahmad Tea Company might be unable to sellRead More The Elimination of the Middle Class1256 Words   |  6 Pagesthem. Globalization also leads to the overall improvement of the world’s quality of life. As technology improves in one part of the world it spreads throughout the globe. For example, medicine advances more quickly in developed nations but then trickles down to the benefit of the rest of the world. Ecological agreements such as the reduction of greenhouse gases and air pollution are global initiatives that are only made possible through the sharing of information and technology. There is also theRead MoreCompetive Market1518 Words   |  7 Pagesimpacts its profitability. Manufacturing firms shift their cost structure by changing the mix of variable and fixed costs. One way of doing this is by decreasing the use of permanent labor and outsourcing the work. Automation is also another technique to reduce labor. However, options such as outsourcing can have a negative effect on cost. For instance, it does not have much control over its workforce when it outsources. This means it may not be able to hike up production to meet a sudden riseRead MoreThe Shift Of Corporate Thinking : Roots And Development Of Shared Value Perspective1233 Words   |  5 Pages1970s, the historical rupture between productivity growth and the real salaries of goods producing workers, and the transition from Fordism to Post-Fordism mode of accumulation, implied a huge challenge to corporate social thinking. The so called â€Å"trickle-down effect† of economy failed in its promise of bringing prosperity for all and, conversely, the implemented structural adjustment packa ges in the 1980s triggered worst social conditions in developing economies (Stiglitz, 2002: 79-80). Corporate

Animal Testing Needs To Stop Essay - 990 Words

Cosmetic and drug companies should stop animal testing. By animal testing, the companies not only violate the animals rights (which is breaking the law), but their testing methods are hazardous which endanger the animals life. Finally, the companies should stop animal testing because each year we lose hundreds of thousands of animals and could make a difference by stopping this cruelty. Stop the animal testing, and save a life. To start with, cosmetic and drug companies should stop animal testing their products. By animal testing, they not only violate the animals rights- they are breaking the law. Animals cannot speak for themselves so when they are unwillingly tested on, they cannot say anything in their own†¦show more content†¦With these brutal and abusive procedures, people should stop animal testing and stop these cruel treatments. Animals have broken their own necks before trying to escape from the merciless pain from the allergic reactions they have or just the fact that they may have gotten injected with a toxin. If one was to stop and think about all the animals that die every day for beauty products or pain medicines, they would need to awake from their daze and realize the cruelty behind these tests. Do not support the murdering of these animals, and take a stand against it- make a difference and save a life. Besides the fact that animal testing violates the animals right, is hazardous and endangers their lives, we also lose hundreds of thousands of precious animals in a single year because they are killed in animal testing. By stopping animal testing, we save the poor defenseless animals, meanwhile, we provide an alternative to the cruelty behind animal testing. Each day people all around the globe use beauty products or take medicine, and each day, hundreds of animals die for that pitiful excuse of a cause. Animals suffer every time someone buys make up or medicine, in spite of the fact that animal testing is not required and therefore, a nimals die unnecessarily for it. People should ban animal testing. Animal testing is cruel to the animals and unreasonable, especially when there are alternatives. Fake fur, natural herbShow MoreRelatedWe Need to Stop Animal Testing Essay1324 Words   |  6 Pages â€Å"Every day in countries around the world, animals are fighting for their lives, these are mutilated and confined to tiny cages so that we can kill them in outdated product tests for cosmetics, personal-care products, and household-cleaning products. These animals are burned, blinded, poisoned, electrocuted, strangled, and tested on all in the name of â€Å"science†Ã¢â‚¬â„¢ stated by People for the Ethical Treatment of Animals (1). 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My First Time Essay Example For Students

My First Time Essay It was the summer of 98, and my friends had just graduated high school, and we all decided to take a trip. Where to go we all thought? We were thinking where could we all have fun and not have any age requirements? So Cancun was the place to be, first thing I did when I got off the plane was transfer some money to some pesos. When I tried to get pesos the cashier tried to rip me off, but there was nothing I could do. So I got my pesos and picked up a cervesa. All I knew was how to say was Cervas por favor and apparently thats all I needed to have a good time. The first night we were there, we went to this place called Bolero, and it was a dark, very lively place. There we meet this girl name Carla. I had two words for her, God Damn! This bar we were at was no ordinary bar, apparently Carla was the feature dancer of the evening. I was thinking to myself, Damn damn damn, I am going to get into some trouble when I am down here.The next day our other friends arrived from the states, and we meet up with some girls, so thats the last time we saw Carla. We all got together that night at this club called Tequila Rock; it was very trendy. When we walked in all we smelt was smoke and beer, which is not a bad thing because that is a scent of a good time. Well, we were having out fun and my friends girlfriend died on us, she passed out from alcohol poisoning and we had to call the local ambulance, but we got some Burger King fries and revived her, so she didnt have to go to the hospital. Apparently she hadnt eaten anything on the way down, or all that day. So the fries did the trick. The second day was pretty calm, but of course it was wild by nightfall. During the day we all went to the beach. The beach was very clean and was a nice place to relax. We went riding jet skis out in the ocean, and played around in the sand, we had a good time. After the beach we went back to our rooms and then got ready for a fun filled day. We went to a few shopping centers and what not, the n went a little sight seeing it was pretty nice, of course everywhere we go I find a guy selling alcoholic beverages, Cervesa por favor? While we were shopping, we found a statue of a turtle sitting on a toilet taking a dump, it was very interesting, I was considering buying it, but it was really expensive. Who would have thought a statue of a turtle talking a *censored* would have a price of $5,000. Well by then it was nighttime, the sun had gone down, so we went back to the hotel and changed. After that it was good to go for a night of fun. The first club of the night was Daddy Rock, there was a wet t-shirt contest going on, so you know we had to go up in there. We had a few drinks there; well few may be an understatement, but its ok. The second club we hit was Daddy Os; it was another branch of Daddy Rock, the dancing club portion. Daddy Os was one of many clubs rated for their laser shows, believe I saw why, it was amazing. The dance floor was enormous, there were roughly 500 pe ople on the floor doin their thang. So we were having our fun there and by this time I was tired of drinking beer, needed a little change. At the time I was not really experienced with liquor, but willing to try. I asked my friends girlfriend, What is a good mixed drink? She knows her drinks, so I thought Id ask her. Tom Collins, she replied. I didnt ask what it made of or anything, just went to the bar and asked for one. 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