Some businesses are completely closing their doors. It doesn't help that the effects of unemployment spill over into other areas of the economy. When people are can't find work, they have less disposable income causing a lower demand for nonessential goods and services. With drops in spending by consumers, businesses may be forced to look at ways to cut costs in order to keep their doors open. One way to reduce expenses is to lay off more workers, resulting in a seemingly endless cycle as even fewer families are able to spend money to regenerate the companies’ business levels.
Ethics within the Apparel Industry Sweatshops are found worldwide, they are factories in the apparel industry that operate illegally, forcing workers to work long hours in horrible working conditions at a low salary. Often these workers are obligated to work under such condition not by choice, but rather they are obligated. These workers are often immigrants that are threatened with legal action, accused of committing crimes or ordinary people that are abducted and forced to work for free, frequently threatened with death. These workers are restricted from ethical rights. Sweatshops have always been an issue within the Apparel Industry; companies seek out cheap alternatives to having mass production of clothing for cheaper rates.
The analysis of the employees working at the Hondo plant shows that it is very detrimental to move the plant to Mexico because all employees will lose their jobs. A + was given for scheduling the heavy work because this will ensure that no jobs are lost. The customers were given a - for moving to Mexico for the reason that all of the expenses of relocating may cause product prices to rise. Otherwise, customers are not much of a factor in this decision making. The community of Hondo was given --- for moving to Mexico because a high percentage of employment comes from the plant and closing it would be crushing to the economy of Hondo.
Since the low class poor people are not usually educated, they often easily “pushed” into the crimes by the high class people. Usually the upper class people are invisible and at the end the poor is the ones who get blamed. Certainly the rich benefit more than the poor. That has always and will always be the case in every society the world has known. Very often the rich push the poor by removing workers rights, by limiting corporate liability, by instigating war.
Capitalism affects everyone in a different way; it affects the quality of life one can have. Capitalism is morally deficient economic system in today’s society because it creates an unequal opportunity for citizens, causes a gap in the economic classes, has reversed the consumer- retailer relationship from a ‘push’ to a ‘pull’, leads to unfair free trading with other countries, and loses jobs for the hard working United States citizens. Capitalism creates an unequal opportunity for citizens to obtain an equal education, equal housing, and equal jobs opportunities in society. A symbolic analyst according to Robert B. Reich, in “Why the Rich Are Getting Richer and the Poor, Poorer” is in support of higher education. People with a higher education are not only able to help save their country, but they are able to help save the world.
Capitalists, on the other hand, believe that Socialists deny people their basic rights of freedom of decisions and opportunities. It is also said that taxes are usually higher in Socialist countries such as Cuba and China. The systems discussed seem very different, and may work on paper, not in the real world. It is for this reason that many countries have adopted a system which is predominantly socialist or
They worked long hours, generally six days a week, and their wages were barely enough to sustain a family. The factories were unsafe and many workers suffered permanent injuries. Unions and strikes were illegal, making improvements for workers impossible. Marx and Engels defined these workers, the proletariat, as “a class, of laborers, who live only so long as they find work, and who find work only so long as their labor increases capital.” The proletariat was the foundation of Russia’s industry. Yet, Tsar Nicholas II refused to acknowledge their grievances, nor did he implement measures to improve their working conditions.
It seams to be that corporations tend to take the easy route by claiming for bankruptcies leaving many creditors with losses. Although we cannot blame such corporates, in today’s time this is known as one of the hardest time to search for jobs and stay alive as a business. Looking at it form the economic view bankruptcies are not the best thing to do, especially in today’s economic many of these corporates and small businesses help contribute to our economy. Many of these bankruptcies occur due to government decisions such as drastic minimum wage increases from $11.45 to $14.00 and $15.00 by
The next issue is a role of TBTF institutions. Firstly, some businesses that are so large can make up a significant part of an economic sector. So their failure could cause the sector to crash and damage the economy. Secondly, the failure of TBTF companies has the potential to take other businesses down with them, as all companies maintain relationships with partners. When a major source of orders disappears, a
The man who goes to work, works with his hand, and goes home dog tired. America still needs that man to keep it stable. If college education was free to all citizens then America would have no one doing the service jobs that keep America running. One of the major reasons that higher education should not be free to all citizens is the motivation factor. People who go to college now pay to go there and if they fail a class they just wasted a lot of money.