New technology has changed the Pyrmont community, because it is able to open up new jobs, but also causes decline in jobs that are already there. Such as in the 1980s when the large freight industry was moved out of Pyrmont, due to the improvement of cargo ships, which enable more stocks to be transported, but could no longer fit in the docks of Pyrmont. These caused thousands of residents to leave Pyrmont in search of jobs that were lost at the docks, with thousands of men gone, businesses around Pyrmont quickly followed, as they made no money were they were. The development of transport has also changed Pyrmont, with more frequent services, many people living outside Pyrmont are still able to work there, getting there either by train, bus, taxis or car. New technology also changes work patterns in Pyrmont.
General Motor's decision to close 11 factories allowed the corporation to gain more money but put thousands out of work, devastating the workers and the towns they lived in. The corporations should think of how their decisions affect people. Although this move may provide Americans with cheaper jobs, it has added thousands more to the already high unemployment. After watching the movie "Roger and Me," directed by Michael More, one would notice the changes in the town of Flint after the closing of the factory. While senior management is getting raises and expanding their corporation, people are living in misery because of the lay-offs; this could change if the corporations gave those unemployed some compensation.
Short lived economic policies were another factor to the Great Depression. Overall the economy of America was not stable. Overproduction occurred in the US which meant that manufacturers made more than the people were willing to purchase. Therefore, the factories started to make less of their products. They fired workers because not as many were needed to make the products.
670-677 3. The economic trends in the 1920's led to the great depression because people bought lots of things on credit that they couldn't afford there for they could pay back the loans and so the businesses took back the merchandise but could not resell them because it was used, therefor the businesses lost money and slowed production and cut back workers. So now there were less people employed and many businesses went out of businesses and then lots of people lost tuns of money in the stock market crash. 4. I think that the economy needs some confidence because when there is to little confidence there is not enough money in banks, or invested .
Women in the work force had a lower pay rate and were quicker to be fired than men. Many women who were fired took advantage of new job opportunities and began practicing switchboard and clerical work. The American government tried to help out by giving jobs to the heads of households (doc 5). African Americans suffered heavily from the depression as they were known to be the “last ones hired and the first ones fired.” They were often discriminated and ignored, leaving them out to dry. In 1941, Sleeping-Car Porters Union president, A. Phillip Randolph, threatened a massive march on Washington.
Everyday more Americans are loosing their jobs due to outsourcing. I am not just speaking of blue-collar Americans who work hard with their hands, but I am referring as well to our technical support and our white-collar engineers and software designers. Furthermore, the majority of workers who have lost their jobs due to outsourcing to foreign countries have had to accept pay cuts therefore America’s economy will go downward. “Outsourcing is hitting skilled jobs that were once thought “safe” across a far wider swath of white-collar America” (Kathleen Madigan & Michael Mandel, 2003, para. 2).
The UK government in recent years has had to resort to financial cutbacks due to the recession, especially funds for the public services. This had has a large impact on the public services, majority of them being negative. An example could be there have been many Fire station closures within the UK. The fire service in recent years has vastly improved, this can be show by the number of fires is annually decreasing. This means the government does not see the need to have as many fire men/women and therefore made many redundant and closed down fire stations in order to save money.
Historic high unemployment rate have forced the income property owners to give up their investments and look toward bankruptcy protection when the commercial tenants started to default on the rent payments due to changing consumer buying patterns resulting from dramatic income level decline. Moreover, the local and national financial crisis led consumers to spend their money only on absolute necessities to cope with the recession. Following the basic rules of supply and demand, along with the increased number of foreclosed properties the demand for property management service decreased significantly. With few property management companies, the cost of employing such company increased. Consequently, a new trend in the commercial property management market emerged where the owners of the income properties began managing their own
Both have been lead by a period of excessive debt. A crash in the stock market has reduced people’s wealth and will to spend money, causing small businesses to close due to the lack of cash flow. The amount of people that have lost their jobs has risen and is expected to keep rising. Banks slowed or stopped lending to avoid large losses and some banks failed. Although
Are we secure enough? The last of this fatal event leads to a down economy, that affects every one of us. Since those horrible attacks of 9/11, United States of America lost a lot of money and is an extreme debt. After that the prices of everything went higher, many people lost their jobs as a result of the economy, because of this many businesses are closing out and what is worst is the people who are losing their houses. In conclusion, the impact of 9/11 changed the United States of America in number of ways.