Heather Moorehead M4 – Written Assignment 1.) Export capital for production abroad The exporting of capital for production would not be supported by a utilitarian and would be found to be unethical. A utilitarian would argue that by allowing our capital to be produced abroad we would be hurting ourselves domestically by giving up potential jobs to workers internationally and by limiting domestic usage. In today’s economy a company can set up production plants in virtually any country they want, and most tend to go where the cost of labor is least expensive. A utilitarian’s goal is to determine how to obtain “the greatest possible balance of good over bad for everyone effected by our actions” (Shaw & Barry, 2013).
(Anup) As an extension of such aggression in anger towards our own government is the amount of jobs lost when our government considers that moving away from military manufacturing would not necessarily end in the loss of jobs rather a decrease for cuts in other areas. Committee on national legislation argues that the loss of the use of the reduction of military spending argument is weak: "it is true that interruption of weapons systems will cause loss of jobs in the short term, but unnecessary weapons manufacturing should not be considered a program of works (which would be as spending billions of dollars to the most holes...)" and the research shows that these works can be transferred successfully to other sectors. In other words, this is unnecessary and lost labor. (Perlo-Freeman
Yes, they are saving money on wages and production, but they are taking jobs away from Americans who would use the money they make from the job to purchase the product the company is making. No money means no customers. Current research suggests that high import-competition industries accounted for about 40 percent of manufacturing job losses associated with trade-related job loss [ (Kletzer, 2005) ]. So you do the math and decide if the “1 million sales/marketing jobs in this country created by imports offsets the more than 5 million manufacturing jobs lost because of outsourcing” [ (Minnerick) ]. This is just part of the problem.
If we continue along such a mislead path we will only bring about more pain. This view harbors too much misconception as many wealthy work hard to obtain their economic status without neither breaking legal laws nor moral ones. The matter at hand, which we need to work on, is not taking away, but how we can give more to the poor. How can we educate the poor people in America? How can we create jobs for the economically
Wheelan continues to say although it seems inhumane to have employees in sweatshops working for meager wages, it gives people jobs who otherwise may have no job at all. Also, lower prices are the equivalent of higher incomes. Wheelan also mentions that world trade opens the doors of domestic business to other countries which increases investment and business. Trade is one beautiful process. In conclusion, Wheelan strongly asserts the point that the economy is always changing, and factors like GDP and inflation will never stay the same.
Survey Paper Jerry Hernandez Res/241 November 4, 2011 Mrs. Madrigal Gonzales Abstract The main purpose of this paper is a give a thought of why the American government, have not yet put the American workers back to the positions and payroll that the foundation of this country deserves. Research of this paper is to analyze which industries are being affected today and what we can do to make the wages and workforce better. Survey Paper The purpose of this paper is to research the reason or reasons the wages in America have gotten worse. Median household income, is up for inflation, has been affected even more now than before the recession began. Researches blame low-wages to high unemployment and slow economic growth.
Businesses would benefit by middle income people spending their wages quickly because of basic needs. It isn’t the rich, or the 1-percenters as they are known for, that makes our American economy strive; it’s the working class that does. The one’s struggling to pay their rent could be the way to a striving economy. Today’s federal minimum wage has eroded over
It was marketed towards the citizens of the United States as a tool to “put Americans back to work” without adding “a dime to the deficit”(Epstein, 2013). This legislation is proving to be unsustainable due to it being hard to price on an annual basis (Epstein, 2013). While unemployment rates have been going down, the increase in jobs leans more towards part-time rather than full-time work (Epstein, 2013). This can also be attributed to the change in unemployment benefit laws, which restricted the length of time you can claim
It seems that these two sides have an inverse relationship with each other when it should be a direct relationship. It should be fair, and it isn't at all. Life is probably great if you're the 1% of American wage earners. You're bringing in a bigger percentage of the country's total pre tax income than you ever have. You would think these people would have a little bit of remorse for the people who are jobless.
It was believed that the NAFTA would help to eliminate these factories, not make them more attractive. Maquiladora workers are generally treated very poorly, and are used as a tool for getting exports quickly and cheaply to the United States markets (Amadeo, Disadvantages). The fear of American workers that their jobs could be sent to Mexico has been used as a bargaining chip by American corporations as well, reportedly 65% of United States companies had threatened this very thing during union meetings to suppress wage growth