Essays on Skilled Labor

Management

One of the main advantages of allowing work from home is that it immediately develops a production line and the business starts to operate immediately. The cost and the training of hiring new employees are minimized, and the skilled labor can be hired at lower costs. Similarly, the main disadvantage or work from home, according to the case study is that it is not possible to allow every employee to work from home. The operations such as interacting with the customers and the cash dealing must be performed in the workplace. Most importantly, it increases the level of morale ...

The article "Despite Recession, High Demand for Skilled Labor" by Louis Uchitelle highlights the need for skilled labor despite the soaring unemployment rate. The unemployment rate has risen to 9.4 percent, the highest in 30 years (Uchitelle np). This increase is mainly due to a recession. Interestingly tough employers are looking for qualified workers even during the hard times according to the government's standard employment data. These jobs take years of experience to attain the required skills. For instance, it is tough to find an experienced person in welding. It takes a minimum of ten years to produce a ...

Talent management has become a salient part of current recruitment policies in different human resource management (HRM) practices. In recent years, a paradigm shift has occurred in managing a highly skilled labor pool from "poaching" to active retainment. Predictably, or not, managing a skilled workforce differs not only from one company to another buts also from one industry to another. This brief reflection paper aims, hence, to propose a number of strategies and practical policies companies can adopt in order to better retain skilled labor force in an increasingly competitive business world. One possible strategy to retain skilled workers ...

Despite the country’s small size, Japan has depicted quite contrasting economies before and after the Second World War. Up to the moment, the country has had three distinct political and economic periods; the Edo which began in 1603 and went on up to 1868, the Meiji Restoration and the final period which began after the Japan’s defeat in the Second World War in 1945 and runs up to now. Each of the three economic periods was characterized by unique factors which necessitated the government to initiate remedies so as to avoid plunging the country into an economic ...

On 23rd June 2016, Britain voted out of the European Union through a referendum. The decision by the Britons marked a momentous occasion in history as different consequences were seen. These implications were both political and economic. For instance, the freedom of labor was curtailed--immigration, trade between Britain and the entire European bloc was reduced, and the sharp decline of the pound followed. This paper strives to explain the economic implication of Brexit both in Britain, and the world. Since the inclusion of most European countries into EU, Britain has experienced immigration from the different member countries. The figure ...

The company (TinD) uses many information systems that make its core. The three key ISs include Jidoka, Poke Yoke and T-WINS LS in relation to the identified situation. Jidoka’s purpose is to stop in a safely manner in case of normal processing. In addition, it enables the machine to detect the issue and stops automatically through andon (Toyota Motor Corporation, 2016). Moreover, the purpose of the Poka Yoke is to make issues visible and act as fuel for the Kaizen Teian (Obara & Wilburn, 2012). On the other hand, T-WINS LS helps to manage warehouse and logistics centers of ...

Question 1.

As the production will increase, the supply curve will shift to the right, therefore the equilibrium price will decrease, (Figure 1): Figure 1. The increase in production on the mango market Thus, as the quantity of production has increased by 30 % from Q0 to Q1, the supply curve shifts from S0 to S1 and the equilibrium price decreases from P0 to P1.

Question 2.

In agriculture, the term bumper harvest means the unusually high production of a crop. Though some politicians might claim that this benefits the farmers, actually that is not exactly so. Firstly, with the increased production the ...

Acme Fireworks

A number of factors are to be considered when it comes to taking the decision of the most favorable business structure for a specific commercial venture. Given the situation of Acme Fireworks, the pros and cons that need to be weighed before deciding on the business structure include the offering of highest protection, the highest investment return, and the most favorable rates of taxes. When there is a need for liability consideration, along with needs of employment and huge contracts, the recommendation to Acme Corporation owner would be to amend his status from the present sole proprietorship to a ...

June __, 2016 (date)

Abstract Technological development is an integral part of the modern world’s life. It is difficult to imagine the existence without computers, cell phones, and other devices nowadays. It brings many positive features to the humans’ lives, such as facilitating of many types of labor, allowing easy communication between family members and friends that live far away from each other, enhancing many business processes (e.g. supply chains, distribution of information, client servicing). However, new technologies also bring a number of problems to people. One of the most significant issues is its influence upon the labor market and unemployment rates. ...

Introduction

Advocating Angels is an innovative business idea that provides access to patient navigators, patient advocates and medical billing advocates and other services that are helpful in overcoming many healthcare challenges. The primary aim of the business is to give quick response to the patients who need assistance and advice in any critical situation. The mission of this consulting business is to provide high-quality advocatory services to the patients who are facing variety of challenges regarding healthcare and medical facilities. Michael C. Emond, BSN, RN, and CEN are the owners of the business who have a combined experience of more ...

Abstract

Two options are discussed in the paper in relation to mitigation strategy of economic downturn. One strategy was the cutting of jobs i.e. mass layoffs and other option was to cut salaries. It is observed that in the U.S. (individualist culture), the norm is to adopt mass layoffs strategy and in Japan the strategy of pay cuts is used. However, in the U.S. some big companies used the strategy of pay cuts. Mass layoffs help the companies to increase productivity and morale with high profits by not cutting the salaries and terminating the employees. On the other hand, pays ...

Introduction

The history of Haiti immediately after the revolution period was not an easy one because of the preceding events. This country was literally in shambles and everything was in a mess starting from the farms together with the crops. Skilled labor from other countries had either left, dead, or had fled due to the way they were treated at this time as slaves while others might have gone into hiding. Those who were former slaves and were now free were not ready to work on other people’s farms. At the same time, there was great fear that France ...

BUSINESS ENVIRONMENT IN UK, SOUTH AFRICA, AND MEXICO

Business environment in UK, South Africa, and Mexico Introduction The purpose of this report is to analyze the business environment in South Africa and Mexico to help Gem Leathers Limited in establishing a joint venture. Also, the report will examine the issues of trademarks, trade secrets and patents in the U.K, Mexico, and South Africa.

Financial incentives Mexico offers numerous incentives in various sectors with an aim of creating employment, improving infrastructure, enhancing productivity, and boosting exports. The Maquiladora is the most significant incentive that is offered to foreign companies in Mexico. The benefits of Maquiladora incentive include duty-free ...

Bargaining power can be defined as the ability to identify parameters in a negotiation, gain accommodations from other negotiating side, and tip the result of mediation to the preferred alternative (Dong, Zou & Taylor 101). Multinational Corporation, on the other hand, is a company with assets spanning over to other foreign countries besides its country of origin. These companies operate factories and offices in different countries with global activities controlled from a centralized location, mostly a headquarter. The ownership of these corporations is sometimes private. Some states form companies or seek shares in multinationals that are used to make foreign ...

Introduction

MacJob is a loose term used to refer to the low paying as well as low prestige jobs that do not demand high skills and has little chance of career growth and advancement. Notably, the term was coined from the fast food giant MacDonald. As such, the term does not take into account the type of employer but the fact that the job is low paying and requires little-specialized skills. Owing to the emergence of technology, these types of jobs are highly growing and replacing the skilled labor across all the industries due to low costs involved in hiring ...

Riverbend refers to a residential area in the south of Calgary Alberta. The locality has a population of 9682 individuals. With the population increasing adversely due to the immigrants going in the area, various challenges have loomed in, and they are the following: • Housing calamity: population growth has led to increased demand for houses since the households in the locality have to shelter themselves. The number of young professionals requiring smaller homes is more than the houses available since the region has embarked on the supply of single household homes rather than rental houses that can accommodate more people. • ...

Business

Supporters of Trans Pacific Partnership: The Trans Pacific Partnership (TPP) is originally being a concept to create a free trade zone amount the members of the Trans Pacific Partnership Contract. It is a contract between the countries which binds the countries to perform the business in the state and the individual level according to the contract or the principles. At the moment there are twelve active members, including the United States of America, Australia and Malaysia. (Tamny, 2016) The supporters of Trans Pacific Partnership Contracts say that the by signing the contract, one country opens the home market for ...

NAFTA refers to a trade agreement that has been signed by Canada, Mexico, and the United States. This created a trilateral trade relationship between the three nations. The deal came to effect on January 1, 1994, and over passed the earlier Canada-United States Free Trade Agreement. The agreement was as a result of intense negotiations between the three countries, and later each country needed to get it approved and ratified by the respective parliament. The trade agreement shaped the business relationship between the three nations and positively impacted the lives of the respective residents. While NAFTA agreement targeted towards ...

Abstract

The mainstream economic theory holds that globalization is beneficial for every country, both developing and developed. However, the mainstream view relies on the comparative advantage theory, which embraces many unrealistic assumptions such as free mobility of labor and sustainable trade. These assumptions lead to adverse effects to countries that adopt globalization without a strategic plan. Importantly the U.S. is experiencing loss of jobs, an imbalance in income distribution and unfair competition due to globalization. These impacts arise when companies shift their production process to cheap labor zones and due to increased demand for skilled labor. This paper has four ...

International business is one of the main features of the global economy. The decision made by a firm regarding venture abroad involves the evaluation of the different alternative entry modes. This is done bearing in mind the degree of the risk and the suitability of the business environment that is in the potential region or country. Economic, political, cultural and other factors are all of the significant importance. BMW’s plant is situated in Spartanburg in South Carolina. The plant began its operations of producing automobiles in 1994. Due to the enormous success that the company had, there was ...

The question of minimum wage introduction for low-skilled workers offers conflicting research findings. Some theorists suggest that the introduction of minimum pay for low-skilled labor may affect the whole employment. However, the general model of competitive market for labor assumes that the introduction of minimum wage will cause job loss among the low-skilled employees. This report is dedicated to the economic analysis of this model.

What Economic Theory Predicts Will Happen

The simplest approach includes the analysis of one separate labor type. In such market, the minimum wage that overshoots the competitive equilibrium in the market causes harm to employment from two standpoints. First of ...

Trump is the leading presidential candidate of the Republican Party, and he is campaigning under the slogan of make America great again. His campaign slogan is based on several extreme economic and social policies. The economic policies of a president are mainly macroeconomics policies that affect all the components of the country’s gross domestic product. His main economic policies touch on taxes, labor supply, investments, and international trade. He looks forward to cutting individual and cooperate taxes, increasing the volume of exports, decreasing imports and increasing private investment (Trump, 1). The most popular and extreme economic policy that ...

1850-1890: Industrializing Canada: Essay Proposal

1850-1890: Industrializing Canada: Essay Proposal

Thesis:

Between 1850 and 1890, the Canadian labor force experienced numerous changes including the formation of unions. Labor unions were formed for different reasons and between 1850 and 1890, different competing unions were formed to perform different purposes. Child labor also had a great influence on the Canadian industrial economy during the last half of the nineteenth century.

Regulate the work process by bargaining on the number of hours craftspeople should work Negotiate on issues of wages. Negotiate on the better working conditions and environment. Knights of Labor Growth (Kealey, 2015; Rouillard, 2014) Membership was ...

The Decline and Fall of Apartheid: National, Regional, and Global Factors

Introduction The struggle for independence in the Republic of South Africa was weakened by certain policies and directives that were passed on by the then ruling Afrikaans. Apartheid was the biggest obstacle that these freedom fighters were to face. It was characterized by racial segregation that gave preference to the white people while the black people were not viewed as equals. Racial segregation was seen in many other areas such as health care facilities, schools and places of work such as mines where the black people were forced to work. The Apartheid regime came to an end and allowed ...

Summary of Crossing Borders: The Globalization Debate

In “Crossing Borders: The Globalization Debate,” the author provides an overview of what globalization is, the benefits of globalization, and the downside of globalization. Globalization refers to a phenomenon of national economic integration signified by the movement of experts, ideas, social customs and trade products across these national borders. Additionally, the conquest of relatively empty and fertile land, international trade, and technological as well as institutional innovations has sustained globalization. Reduced transportation costs as well as developments in ICT have boosted international trade.

The benefits of free trade form the basis of globalization. The competitive advantage accelerated by free trade ...

India: The Unemployment Black Hole

Outsourcing is one of the business strategies usually incorporated by companies with the aim of cutting costs and also employing expertise that is not available within the company (Bragg, 2006). However, from the perspective of the American and European companies, the strategy has distinct advantages and disadvantages. First, outsourcing is imperative because it enables the foreign companies to acquire labor in India at affordable costs since India produces approximately three million graduates a year. Thus, it creates employment in India. Examples of American companies that have outsourced some of their back-office services to India include HP, Intel, Microsoft, IBM, GE, ...

The law of comparative advantage has, for a long time, been used as the basis of international trade. The law is one of the main potential explanations for income growth rates and higher incomes of open economies. International trade currently accounts for about 25% of the worlds GDP, thanks to the liberalization of trade and the increase in foreign direct investment. Countries and companies trade with each other because of the gains or benefits that accrue from the exchange of goods and services to the trading countries. According to the law of comparative advantage, countries should produce the goods in ...

Introduction

Canada has over time been attracting a high number of immigrants each year. This number has also been increasing each year (Reitz, 2005). About 20% of the country’s population is made up of foreigners. Based on the data from the Organization for Economic Co-operation and Development, the annual immigration flow of the country is now one of the highest among the OECD members. For example, in the year 2011, the country received some 249,000 new immigrants, which was more than the number it received in 2010 (281,000). The two main cited reasons for this immigration are job ...

Introduction

The concept of higher education in America and policies relating to the application vis-à-vis societal and national importance has been an issue of great controversy in the present time. This is because different interpretations have been given on the real factors underlying the program. Like any other government program, providing education at tertiary level is a government responsibility and, therefore, it is the state that formulates the favoring policies to ensure that its citizens undergo a proper education system. However, this does not necessarily mean that the program does not experience challenges, and to a fact, it does. It is these ...

Introduction

Canada is a developed country whose economy resembles that of the United States of America. Canada is a high-technology industrial economy, generating trillions of dollars in annual revenues. The country’s living standards and economic systems are very similar to the US, having economic sectors that complement its manufacturing, mining and service industries . Canada, along with the United States and Mexico, signed the North American Free Trade Agreement (NAFTA) in 1994 which opened trade and economic integration among the three participating countries . Ever since the NAFTA happened, Canada experienced a very dramatic increase in trade with the United States. This increased ...

Globalization and Inequality

- Justification for the topic Globalization and inequality is a significant topic among the international community because inequality is brought by injustice, unequal opportunity and privilege. Some of these negative elements of globalization bring about deterioration in a county’s economy. When a country has slow economic growth because of inefficient government, poverty crawls into the country making people’s standards of living lower. According to the economic theory, it blames the social institutions such as the government for the inequality for the society. For example, lack of proper distribution of income and resources, the lower working class do not have a ...

Introduction

Indonesia has established itself as one of the world’s largest producers of furniture and handicrafts not only in the Asian region but also globally. Since 2006, the country has ranked among the top 10 exporters of furniture with countries such as China, Canada, Mexico, Italy, Taiwan Vietnam and Malaysia (Trade Research & Development Agency, 2008). The country has abundant natural resources required to sustain production of furniture. It is the world’s largest producer of Rattan (a type of climbing palm used to make furniture) (Trade Research & Development Agency, 2008). There are also several varieties of wood such as teak ...

Introduction

United States Nuclear sector is one of the publicly administrated areas that provides wide employment opportunities and employs various recruitment structure and philosophies that can be attributed to general trends in global business world. That said, it is interesting to observe that the sector works with direct employment, community colleges and international programs that brings this sector in line with international Strategic Human Resource Management (HRM) tendencies and trends. This clash, as one could argue, of public organization and bureaucracy with modern trends receives special attention when it comes to the analysis of US Nuclear sector as a place to ...

Outsourcing refers to the process of contracting specific tasks, services, and business processes to outside contractors and entities. Outsourcing is one of the most effective strategies to increase operational efficiency, reduce costs, and tackle shortages of skilled labor. In the current era, business analysts utilize this perspective in different scenarios and they attain long-tern benefit from the perspective of outsourcing. Outsourcing is prevalent in all sectors of the economy including services, manufacturing, customer services, information technology, and retailing. The outsourcing trend is also increasing rapidly in the healthcare industry due to the challenges faced by healthcare enterprises. Many healthcare ...

LITERATURE REVIEW

Entry into the United States through illegal means is the best possible solution for some of the foreign low skilled workers. These workers make up almost 7 percent of the total US labor force. They are of great importance for such sectors which require low skilled but labor intensive operations like construction, farming, manufacturing, hospitality industry and maintenance and cleaning of buildings. Most of these immigrants come from different countries near the United States. Majority of 59 percent is from Mexico. Then, 15 percent are from the Caribbean and Central America. 7 percent are from the South America. The ...

According to the Council on Tall Building and Urban Habitat, The Burj Khalifa is the world’s tallest building based on height to top, height to highest occupied floor, and height to architectural top. The building is a multi-use Burj Dubai development tower with an approximate total area of 460,000 meters squared. It includes parking facilities, shopping malls, entertainment centers, offices, hotel, and residential (AL-KODMANY 2013, p. 12). The decision to construct this building was initiated by government’s idea to diversify from an oil-based economy to one that is tourism and service oriented. It is 828 meters tall ...

Abstract

The information technology industry is an industry in turmoil. Today, the industry faces a significant number of companies that are choosing to outsource technical support. This outsourcing has caused changes in both the structure of these companies and the local markets in which they reside. This paper is an examination of those changes and the impacts that outsourcing has had on the information technology industry. In the western world, there is a debate raging between those who support outsourcing and those who claim it harms the economy. Ever since the American market crashed in the post-September 11th world, companies have ...

Introduction

Human beings have moved to some of the most inhospitable areas of the world. Some of these areas include inhospitable arid regions, often deserts; for instance, Death Valley in the United States is an incredibly arid region, and yet, there are still people who live in this region. One of the larger cities in the American southwest is Las Vegas, Nevada, which is situated entirely within an incredibly dry desert. The Sahara desert, similarly, is extremely dry, and there are many people who live in these areas. Deserts are not particularly hospitable and are extremely difficult places to ...

Introduction

When many family businesses are founded, they are run by succeeding generation of the founding family. Family members occupy important position in the organizational hierarchy. Employees from outside the family are at times used in the organization. However, this is dependent on the unavailability or unwillingness of a family member to occupy the position. The organizational structure of family businesses may vary depending of the type of business entity and how its growth reflects on size. This survey was carried out of owners of four family businesses. The questionnaire used was designed to explore various aspects of family businesses. It ...

Frederick Douglass was the most significant black figure in the nineteenth century America. He emerged from a family of slavery at a plantation in Maryland from 1818 to 1895 and became an influential person in the most controversial and important political and social struggles of his age . He involved in various reforms, including the civil rights, women’s rights and temperance, after demonstrating an unusual courage, eloquence and tenacity in the crusade against slavery. Millie Evans, on the other hand, belonged to North Carolina and described her life under slavery as positive for she witnessed the kindness of her masters. Serving ...

International Political Economy

International Political Economy

Introduction

Interest groups, domestic politics, and institutions, both domestic and international, are important factors that determine the foreign economic policy of a given country. Interest groups perform certain obligations, based on their capability to regulate competing industries to ensure safe and free trade. Besides, political leaders are required to execute some demands from the voters as pertains to the economy of the country to secure them a win in next elections. Finally, institutions form a link between countries undertaking international trade as they sign treaties to facilitate this trade. Economists have come up with some theories, which illustrate the interplay ...

When it comes to inequality in earning, there is certainly a stark difference between the top 1% elite and 99% of the rest. Though this difference points to inequality and injustice towards the lower 99% of the population, it is not a very accurate conclusion as the differences between the remaining 99% are quite contrasting as well. Autor signifies this fact in his article as he points out that the difference between the earnings of high school graduates and degree holders has become double over the years as demand of skilled and educated workers has been increasing at a steadier rate than ...

- Relationship between technology, power and control

Introduction

Technology has enabled the provision of data and analysis of the same in organizations. Technology has provided significant power and control to individuals and organizations that have the latest software’s and computers. Technology creates influential individuals and easily puts individuals in charge of an organization due to their expertise.

Discussion

Post modern conceptions of power and control focus on surveillance and self-surveillance. Surveillance keeps the organizational members under strict performance. Forms of surveillance used are video surveillance, clock in mechanisms and monitored use of emails and computers. These methods of technological control ...

What does the study of regional science help us understand? What are the three “building blocks” that underlie the complex patterns of location of economic activity? Should jobs move to people or should people move to jobs? Regional science is a sub field of social sciences that analyzes approaches to urban, rural, or regional problems. It involves the study of spatial patters to analyze the economic factors of a region. The study of regional science is necessary to improve the economy in today's competitive global market. This study helps the government organizations to identify and make efficient use of public ...

Analysis of Changes in Earned Income Tax Credit and American Opportunity Tax Credit

Chief of Staff McDermott The U.S. economy has been slowly recovering from the the recession it faced in the recent past years. A number of factors, both economic and political, have caused this. With reference to this, several arguments have been raised in proposal to the best way of solving the economic downfalls. Policy makers have even had some members propose of immediate ways of solving the economic unrest. This among other raised the decision of the policy makers to reconsider either increasing the generosity of the Earned Income Tax Credit (EITC) for the childless or ending the ...

Different social groups have engaged in the debate about foreign workforce in America. Some groups support the issuing of visas to job seekers while other groups do not support. Groups that support the issuing of visas claim that foreign workforce contributes to economic growth by increasing the productivity of local enterprises. Groups that oppose the issuing of visas to foreigners who seek employment claim that the foreigners pose a threat to the workforce in America. Truly, some of the individuals who receive visas to work in America come to replicate the already available skills. However, some of them come with ...

European Union (EU) is an economic and political community of twenty eight countries that located in Europe. Since its inception in 1958, the union has grown into a powerful regional body with great influence on member states and strong governance structures. Membership to EU comes with a number of advantages and disadvantages. First, EU promotes trade among member states and other nations in the following ways. First, a free trade zone enables the traders from member states to import and export products and services under favorable economic conditions such as reduced terrific and bureaucratic procedures. Second, EU provides a large market of about 500 ...

Why The Australian Human Resources Sector can attract but not Retain Skilled Labor Summary of the Central Argument

In order to understand the central in this article, it is imperative to review the matters precipitating the gist of the central argument. In this respect, the resources sector in Australia is faced with numerous challenges pertaining to attraction and consequent retention of employees. Challenges like these can have debilitating effects on the human resources sector in an economy. When an institution attracts skilled labor, it is important for the institution to retain the labor in order to benefit from the high skills. The Australian Human Resources sector was facing steep challenges of this sort. They are characterized ...

Introduction

The term minimum wage denotes the lowest sum of money paid to workers or employees by employers in a given country or state. Minimum wages are expressed as the amount of money per hour that employees are entitled to from their employers. Calculations and formulation of new minimum wage rates in Florida is effected annually on the 30th of every September (Dittrich, 2011). The employers have the right to decide when they make minimum wage payments to their employees. Notably, the employers are not obliged to increment of employees’ wage rates based on the period that the workers have provided ...

Developing Countries in the International System

In our contemporary world, there still remain many countries that are in the bottom billion. They continue to face extreme poverty and unemployment because of the lack of industries and jobs. The biggest problem most of these countries face is that they have limited financial assistance to enhance their economy and industry and play into the hands of developed nations, who dictate what and how they should run their economy. We all know that in advanced and economically sound countries, the quality of life of the people is much higher than that of those in economically weak and poor ...

Great Divergence can be said to be the period of great income inequality or unequal wealth distribution which took place between periods in 170s up to 2007. Great divergence in the U.S. saw the high income earners continue getting more and more while the low earners continues to earn less and less. This increased the gap between the rich and the poor thus greater income distribution inequality. It was more pronounced in United States and lesser in other countries such as Canada and UK. According the research carried by CBO in 2011 on income distribution in the US for ...

Business Plan

Smart wear enterprise is a small business situated in London, United Kingdom. It was started in 1999 in a small town in London with sales amounting to 500 annually. This was quite a small number compared to the clothing industry player in the European and London market with an average sales of 1,000,000 units annually, (Han H., 2003). The company conducted immense marketing strategies in the next 5 years. As a result, the company sales skyrocketed to 300,000 units annually with some of its clothing products being sold in the United Kingdom. In the year, 2003, the company merged ...

Management

Skilled labor is one the most important aspect for the success of any organization or business. It takes a lot of time for the labor to become more efficient and cost effective for the business. Therefore, management of the business announces several compensation and other benefits for the employees throughout the year. The main reason of these bonuses or benefits is to retain the skilled labor for maximum efficiency in the working of the organization. In the current scenario, it is clear that the company doesn’t have skilled labor in Mexico as compared to USA. Therefore, the more appealing ...

Bashir, S., Janaranjana., Tesfa, G. (2012). An Empirical Analysis of Higher Education and Economic Growth in West Virginia. Selected Paper for Presentation at Agricultural & Applied Economics Association Annual Meeting, August 12-14, 2012 Seattle, WA. Bashir et al consider skilled labor as the single most important route to attaining maximal human development. According to the article, a person that is highly educated can more easily access a decent employment because skilled labor is associated with well paying jobs, lesser working hours and more attractive returns. With such a decent job, one can effortlessly afford to live a decent life with all the characteristics ...

Abstract

This paper first examines the factors contributing to the widening of the income distribution in the United States. It then explores the theories and trends in income distribution based on the macroeconomic and other indicators that have affected the distribution of income in recent decades. We found that the impact of inequality of income distribution affects the economic growth. The widening of the income distribution has contributed to a critical assessment of government policies. The paper also cautions the trend in the distribution of household income in the period between 1976 and 2007 based on the Gini index. Similarly, education ...

Ponterotto, J. G. (2009). A Multicultural Competency Checklist for Counseling Training Programs. Journal of Multicultural Counseling and Development, 23(7), 11-20. This article is useful because it sets the foundation into the topic of multicultural competency. This article focuses on the major facets that have been a source of multicultural incompetency in society. Six important themes are addressed in this article. The first important theme that is tackled by the author of this article is the idea of minority representation. The author acknowledges that minority are inadequately represented in some key facets of society. This non-representation has created a scenario ...

Introduction

The Australian construction industry has been for the past few years encountered many challenges starting from the economic restrictions construction industry. Many construction companies that aim at flourishing in this industry have claimed to encounter a similar problem through inefficiency. Inefficiency has been noted in all areas of the company’s activities that vary from inefficiency in business processes, supply chain, communication channels. All these forms of inefficiency incur huge costs on the Australian construction companies. Achieving efficiency remains one of the major goals of the Australian companies in that the most efficient companies receive huge benefits. Efficiency within a company ...

Question 1: To what extent is government intervention in the international trade of goods and services between two countries necessary to yield economic welfare? Discuss in the context of any one market with which you are familiar. Since the turn of the century, the developing countries are struggling hard to establish their foothold in the world. These developing nations were once corridors of trade to the Central Asian Market but now they are being swiped off their feet due to the overwhelming response of the capitalist world. It is becoming hard for them to keep pace with the ...

Sustainability has no clear line of definition as it means a lot different things to different people. To some, it could be a way of living with regard to the extent they can bear. Others could define it as the production styles they use in their flow of business, or a business as a whole. It could imply the responses to policies especially in the question of to what extent the environment that should be consumed over time (Ana Markulev, 2013). Sustainability entails the ability to do an activity continuously. In sustainable development, the current needs are met without affecting the ability ...

Cultural Analysis of Singapore

Arguably one of the youngest nations, Singapore has been identified as one among the emergent markets as far as foreign investors are concerned. For this reason, many corporations are headed to Singapore amidst the globalization craze. While this is the case, it is exceptionally important to comprehend the culture of Singapore. Considering the main key determinants, Singapore performs as follows: Source: http://www.ukessays.com/essays/marketing/a-socio-cultural-analysis-of-singapore-marketing-essay.php Speaking of culture, Singapore has been recognized as a boiling pot of cultures, thanks to its rich immigrant history. For this reason, the nation is multilingual, with the primary languages being English, Mandarin Chinese, Malay language ...