Transnational corporations, or TNCs, are corporations that have their headquarters in one country and operate wholly or partially owned subsidiaries in one or more other countries. Some people benefit from the growth of transnational corporations than others. Developed countries benefit as they get cheaper imports from developing countries which benefits the consumers and companies in the developed countries as everyone pays less and companies can compete with others easier. Another benefit is that developed countries lose industry to developing countries, improving the environmental quality in the developed country, reducing CO2 emissions helping to combat climate change. Developing countries also benefit as the population get access to employment and the development of new skills, leading to more money being spent helping the economy to improve infrastructure and services improving the quality of life in the country.
Mass production also lowered the cost of the products. The quantity of the of the products were not scarce anymore, so the seller didn’t have to sell his products at a high price in order to make a living. The United States was looked at as a world power because of this new “technique.” Mass production also allowed for more jobs to open. Factories needed many workers in order to maintain the upkeep of the flow of items. The United States was facing hard times in the jobs aspect.
The article “Paga ser Bilingue” by Domenico Maceri discusses why workers should be reward for being bilingual. Growing immigrant population in the United States that is not fluent in English requires providing more services in different languages. Many government agencies and American companies are looking to hire bilingual employees. Instead of hiring expensive professional interpreters, the companies prefer save money by providing stipends for multilingual workers. However, some people disagree with providing services in different languages because emigrants will never learn English.
In the service sectors, the cost saving from offshoring enables companies to create new service lines, many of which had been deferred for want of investment. New services increase customer satisfaction and become new revenue streams, as well as growth paths for companies. The geographic nature of offshoring brings its own advantages. It helps the company expand its reach, thereby helping the company grow. This growth mitigates any negative effects of offshoring.
They possess the money that they need to work with to invest and buy housing and are able to benefit from these rising asset prices because it makes their items worth more generating even more wealth. When the poor lose their houses, the rich are able to go in and take over their housing to make profit off of them while the merit of them rises. The investment of stocks is a big income maker as the price of them decays during the recession, then later on stabilizes and increases in most cases. The prosperous are the ones that can easily pay for post-secondary education to pursue a decent well-paying job. They do not have the financial stress to go along with the cost of their education.
Too many racial minorities are still excluded and segregated in America. Michaels argues that we are too focused on celebrating diversity and not spending enough time focusing on economic equality. However, Omi argues that “instead of celebrating racial and cultural diversity, we are witnessing an attempt by the right to define, once again, who the ‘real’ American is, and what ‘correct’ American values, mores, and political beliefs are” (70). Racial inequality and oppression has always been an issue. Although it has reared in different forms in America’s history, it has not gone away.
Furthermore these immigrants are taking whatever jobs they can find, and because of this they are doing some of the most undesired jobs in the nation. Some people would argue that the illegal immigrants are taking money from our economy, but this notion is also quickly put to rest, as these workers are putting there money right back into the economy as they buy cell phones, or parts for their cars, or any number of other goods. Because they purchase goods they help other businesses prosper and more jobs are created. Hence the non-legal immigrants are not a hindrance to our society but rather they help it. These people are close to the bottom of our society and yet they provide a crucial role.
Even though the prices will lower of time, companies will take advantage of the recession, knowing that consumers still require their goods, no matter if it falls outside their budget or not. It is the government and consumer’s responsibility to overcome the “stickiness” of the prices via certain stimulations. Essentially the government will directly, or indirectly, create opportunities for work for its unemployed citizens, therefore increasing consumer incomes to a point where they will match a compromise price level. This, in turn, will cause the demand for goods to go up which will decrease the price temporarily. The economy is not run by a single entity, which means that it is the individual or individuals that are driving our economy.
They’re able to monitor and track the productivity within the supply chain allowing them to increase productivity in the sectors they feel necessary which leads them to processing more efficiently and effectively; which in results brings in more revenue to the company allowing them compete by investing more money not within the company but also within the future technology for the company. Having RFID allows Boeing to reduce cost within the company by not misplacing, losing their products within the shipment off flyable and non-flyable goods. By having products or shipments off thousands off dollar not being misplaced allows the company to save and reduce cost in that portion of the company. As well as, biggest advantage in reducing cost would be the time spent on looking for lost or misplaced parts. People tend to state “Time is money”, by having the RFID implemented for the company, reducing time spent searching on the misplaced parts could help them replace their time in doing something more productive for the company.
A solution to this ever growing problem would to be for the United States to begin charging the countries in which illegal immigrants are coming to the United States from. This is a good solution because it might serve as an incentive for the country to improve the living conditions of their own country. Another reason is that the money coming from charging the countries could be used to help pay the national debt to help boost the economy and less illegal immigrants would ensure more jobs for legal