The Union is supposed to help the economy, not take away businesses that will help it. Efforts made by the Union to keep Hostess and get a better pay and benefits for the workers were too expensive and not very reasonable. I think they should have tried to work out a better plan instead of making it practically impossible for Hostess to agree. Because Hostess went out of business, it will affect not only the lives of more than 18,500 workers, but it will also hurt the economy of the United
Were they beneficial for the consumer? At first the expansion of big business was good for the consumer by bringing more goods at a cheaper price but as time went on they noticed a monopoly affect in where big corporations, and the greed that ran them, could increase the rates of their goods and the consumer would have to pay or do without. What types of backlash arose due to Big is was do to Business? Many Americans felt uneasy about the rise of giant corporations and their increasing influence over people’s lives. Workers had virtually no bargaining power with their employers and were extremely vulnerable to economic downturns, which left them unemployed at a moment’s notice.
In theory, communism may sound as an appealing form of government. Everyone is equal, everyone has jobs, and receives the same education. The problem with communism is the fact that when put into practice, it does not work as well as it sounds on paper. A society described by communist
However, because foreigners are willing to work for less money, it gives them a more adept position in the American economy and working force, regardless of their education. Therefore, the abundance of labor creates a shortage of jobs which in turn leads to a “rough estimate that suggested that as many as 42 million jobs, or nearly one-third of the nation's total, were susceptible to offshoring” (Gosselin, pg 2). In essence, it doesn’t matter how much you know, but rather how little you will work for. The Social Problems textbook states that “the globalization of the economy is not a neutral process. Decisions are based on what will maximize profits, thus serving the owners of capital, and not necessarily workers or the communities where factories are located” (Social Problems, pg 427).
Even though union members—those who keep their jobs--- get their wages increased and enjoy improved working conditions and benefits, the economic issues that most unions brings to the United States outbalance the positive effects. As the United States competes with the rest of the world, firms struggle when one of their highest costs is directly related to labor. In the article Labor Unions by Morgan Reynolds, the author accurately explains this phenomenon: while higher wages are successfully achieved, they simultaneously reduce the number of jobs available in unionized firms. This occurs because of the basic law of demand: once prices of labor rise, then employers will purchase less of it. Hence such members’ benefits are achieved at the expense of consumers, nonunion workers, already unemployed people, taxpayers, and corporation owners (Reynolds,
The case study “Nordstrom: Dissension in the Ranks?”questions the compensation policies, practices and motivation of Nordstrom employees, which were linked with its high focused customer service culture. Nordstrom’s policy was to pay employees for time but its practice was something different. Compensation is driven by sales per hour, so if an employee does any work that is not ringing up the register, he or she was effectively penalized. The problem was the implementation of the performance evaluation mechanism - sales per hour. The integral part of the problem was also identified in poor differentiation of “non-sell” and “selling” time.
American immigrants occupy low-income employments. Their low-income employment opportunities offer low incomes that are affected by recessions in the economy. Just like the other American people who have high wages in their employment, the illegal immigrants need health and education services and because they cannot cater for such services, they tend to resort to public assistance from the government and this affects the US economy. In this connection, the US government should not legalize illegal immigrants because this will affect their economy. Illegal immigrants also pose a problem to the US economy because their children’s education increases the government’s expenditure on education.
The basic disadvantage of the social security system is that, that it is making people lazier in their respective form of work. People are more interested in the amount of pension they will be paid, rather than working and checking their own efficiency to work. Though, this program has been designed in such a way that, the amount of pension a person will get, depends upon their premiums paid to the trust. But, still the people are getting more of lazy at work. It is because of this cause, that the people are anticipating insolvency of the social security system.
The present deregulated health care provision system is detrimental to business as owners of companies with big workforces are forced to spend a fortune in securing their employee’s health care bearing in mind the hefty premiums charged and the requirements for a minimum life time payments that are payable by clients. A regulated health care system would thus be conducive to businesses as they would make savings on employee health benefit plans (Sultz & Young,
The capitalists or pharmaceutical companies are in it to make a profit. They come up with chemical cures so we need to rely on doctors so they can make money. Marx would say Capitalism is making us sick. The conditions of work and the alienation of the workers is making them sick. Therefore we need to rely on the doctors and we pay back to them what we earn from them to make us feel better.