Summary:Paul Krugman's “Degrees and Dollars” In his article “Degrees and Dollars” Paul Krugman states that education is not key to economic success. Technology keeps growing everyday and Paul shows that this technology is harming highly educated jobs. He also is showing that middle class jobs are becoming less popular while low wage jobs seem to be increasing. Krugman will also explain his thoughts on how to fix the economy as a whole through bring the society together as a whole. In his first section Paul says that “It is universally acknowledged that education is the key to economic success.” He is actually just stating that to make a generalization of most of the worlds thoughts on education and job success, because right after he makes that statement he goes on to say that “what everyone knows is wrong.” Krugman says that the growing technology and use of software is extremely cheaper than the “old fashioned” way of doing things.
A couple of points to look at include the fact that utility expense increased 11% year over year. Considering the fact that production, sales and selling expenses were down this could indicate inefficiency in the company. The company also significantly cut back in research and development. In the previous period this was one of the fastest growing expenses. This may have been for any number of reasons, however if this was cut simply to conserve cash it could result in slower growth in the long term.
Smart Phones, iPods, iPads, Tablets and many other forms of entertainments and life facilities equipments are from the fastest growing forms of technology addiction, especially among teenagers and children. Even though life can’t roll nowadays without such facilities, Smart technology has become a two edged weapon, people are becoming more preoccupied with this technology and unable to control its use, and are jeopardizing their family connections and relationships. The excessive use of smart technology is reforming our society, our relations and our existence. It is difficult to estimate how widespread the problem is, but according to the American Medical Association, up to 90% of American youngsters play video games and as many as 15% of them-more than 5 million children- may be addicted (Tanner 2007). In addition to the
Other phone companies and cable companies got in on the market and providing the internet to customers using new fiber optic cables that provided internet speed 100 times faster than the 56K speed previously provided. The new technology made life for many individuals easier however; in some cases it was devastating, as the development of new technologies, like answering systems, made certain positions obsolete; reducing the number of jobs available in some fields. In addition, the new technologies made further education regarding how to use these new devices or systems vital to not only employees but also to individuals who found themselves in need of employment. Companies developed machines that could replace the need for paid employees and could eliminate error; this is especially true in the car manufacturing industry. Although, the new technologies caused many job loses, in fact, it did create numerous jobs, and some reports say 24 million.
NIC’s are newly industrialised countries in the developing world that have undergone rapid industrialisation since beginning of the 1960’s. Their economies have not yet reached developed status but have outpaced other developing countries in terms of their economic growth. The first generation of NICs were the ‘Asian Tigers’ – Hong Kong, Taiwan, South Korea and Singapore. The advantages to using these countries were that they had the potential to develop industry. For example, they had reasonable level of roads and infrastructure, well-educated populations with existing skills, cultural traditional education and achievement, good geographical locations, government support and less ridged laws on planning and pollution.
But some of the population has gained also due to the creation of higher paid jobs in some factories, for example some of Nike's factories provide safe working conditions for higher pay than they were previously used to. However the rapid inflation that China has been experiencing has caused a large increase in the prices of products and this could ultimately lead to poorer consumers being unable to purchase the goods that they need to survive as they no longer earn enough from jobs such as farming. Stakeholders that have been impacted by the rapid growth of the Chinese market are the companies that choose to outsource their work to China. Due to the growth that China has experienced in the recent years, roughly 10% over the last 20 years, many companies now choose to outsource some of their labour-intensive work to China as wage rates, although they are increasing, are still much lower than developed countries like the UK or the USA. This has allowed companies to move to China and lower their costs substantially.
I. INTRODUCTION Small businesses are an important driver of job growth and innovation in the United States. Unfortunately, the current U.S. health care system does not work well for these firms or their employees. Small businesses pay significantly higher insurance premiums and, as a result, are far less likely to offer health insurance to their workers. Properly designed health care reform has the potential to improve the competitiveness of small businesses and the economic condition of workers in this crucial sector of the economy.
So wherein some careers might falter due to their obsoleteness as technology increases, more jobs are becoming relevant due to the expansion of the economy and the production needed to operate the machines. The other angle of the argument is that the jobs in demand with the rise of the Information Age are positions that are increasingly out of reach for the average middle-class worker, and are beyond the capabilities of those that previously would provide the skills to keep these specific positions running. Thus requiring a greater need for higher-education, which is also increasing in cost, and becoming less accessible for the average middle-class citizen due to the cost, and instability of the job market. Albert Einstein wrote that, "Technological progress
In today’s world an internet-based company appeals as the best way to start a business because of the fast-paced business environments and driven people in the business world. The number of registered users for the website has increased between 2000 and 2005. However at a little less than 12,000 users the user growth has stagnated. This is because the company has limited its operations to certain Asian cities (Ex 2 – Weaknesses). Also the amount of new restaurants being recruited by the company has started to level off as well.
Their input outstrips services provided by both social services and the private care sector. Unpaid carers’ not only save the taxpayer £119 billion per year, they help the cared-for person to live in their own home and community. Although carers’ are gaining more recognition, support and legal rights, many still experience poverty, isolation, frustration, ill-health and discrimination as a consequence of caring (Carers UK 2011:1). This essay, therefore, discusses how carers’ needs are assessed and looks at the potential implications involved. It comments on the Draft Care and Support Bill 2012, which sets out new statutory rights for carers’ and, lastly, evaluates the effectiveness of services available to carers’.