“Turning boomers into boomerangs” discusses the issue that might become burning in the years to come: the baby-boomers, people born between 1946 and 1964, have started facing retirement, which means population will soon lose a significant portion of its workforce. The author believes that companies should not neglect these specialists and rehire them, though, one must admit, there are several issues that need to be resolved in connection with this opportunity. The problem most companies will face in the nearest couple of decades when the boomers retire is a loss of expertise and significant experience necessary for the high level of performance. Some companies seem to adapt the workplace for the older workers, especially in the fields where expertise and experience are keys to business success. The author emphasizes, however, that not all companies are filling the lack of resources from the source of the experienced old workers.
The structural inefficiency arises because Social Security encourages people to retire as early as possible. We may raise the retirement age slightly, but this takes forever. And even after we've raised it, we're still encouraging them to retire as early as possible; we've just moved that date up slightly. Meanwhile, people are able to work longer than ever, and they're living longer. Retirements cannot lengthen indefinitely without massive gains to productivity, or increases in the supply of younger workers; the math doesn't work.
Economic losses are increasing faster than a number of disasters, larges because of the growing economies of many recently and newly industrialised countries, especially in Asia. What is interesting about the increase in the reported number of natural disasters is the fact that there has been a decrease in the number of reported deaths due to these disasters. During the period from
In my findings, the reasons why people are poor in this country include technological changes that eliminate certain kinds of jobs, globalization, and the reluctance of the upper classes to share their wealth with the poor (Kornblum and Julian 191). Changes in technology have increased poverty rates because the development of machines to replace human labor puts the people who once did that work out of a job. "Economic growth and technological change fueled the expansion and accessibility of mass communication that makes poverty and income disparities readily observable" (Lerman). Economic growth and technological change in no way fall in with laziness as an observable cause of poverty. "The loss of labor-intensive manufacturing jobs puts individuals and families living in America's low-wage region at a great risk for poverty today" (Glasmeier).
Also they introduce new items and options for Americans to buy and sell. In addition, they often accept lower wages for more productivity. For example, many immigrates take jobs that average Americans would not normally do. Such as: moving lawns, house keeping, and working at fast food restaurants. This stimulates big businesses because its saves the business more money to pay someone less for their services.
in other words, immigrates who travel to other countries for work, they might be oppressed because of their necessity needs. in addition to this, the racism can be the issue which faced by many people when they move to another country. however, this is not always the negative point, as it can be positive one. in more words, immigrates can benefit from the life they live more than the original citizen. this will rise tensions and hostilities between both people.
In “Old Age Pensions Before Social Security”, Leighninger (2007) highlights how private pensions often do not support people in retirement effectively and how they can be changed or revoked and the elderly can be left without one of their main sources of income. These concerns are not new and can be seen as early as the 1920’s. Pensions support a large portion of the population, but they are very expensive for businesses to maintain. This is why businesses have altered them. This creates problems for businesses when workers become uncomfortable with their lack of preparation for the future and become inefficient.
It has improved many companies task at retention and has cut costs due to not having to consistently keep paying money out for training over and over again. Instead, they can use that money to reinvest or get new training to expand the operations of that company. Data released by the Bureau of Labor Statistics in July of 2005 show that in 2004, 27.5 percent of all full-time workers in the U.S. had flexible work schedules. [BusinessKnowHow.com] The idea of flexible work hours has spread like wild fire and it seems like now there are more options
If not for migrants in America we would be paying higher prices and working harder jobs. They have helped our country prosper into what we call home now, without the culture and skills we have acquired from all parts of the world, life would be very different here. In a way we depend on migrants without even noticing it. We take for granted the jobs they do for us and the help they give our country. Without them there would be more cases of unemployment.
This is what is going to increase profits, keep employees loyal and help keep return customers. When understanding what Caldwell, Hayes and Long have talked and written about, they are interested in the trustworthiness of the management team and how they need to incorporate their own ethics into the business management procedures and how they treat their customers and employees. Today’s leaders need to resist their self-interest and they need to be more motivated by more extensive values and principles. The upper management of any company needs to ensure that they incorporate ethical stewardship into their ways of leadership. By doing this they are going to earn the trust of their employees and others they come into contact with concerning the company or organization