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Effect of outsourcing
What is the economic impact on the usa of outsourcing
What is the economic impact on the usa of outsourcing
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In the article “what students need to know about today’s job crisis” by Don Bertram, he informs that jobs in America are disappearing due to overseas and computer based electronics (590-591). Today, a college degree just isn’t enough according to Bertram, claiming that “chances are that unless students have prepared themselves for the jobs in marketable areas, there will no one waiting at their doorstep except the lenders who have provided them with the loans needed to earn their degree” (592). An example that supports his statement is Kelsey, someone with a degree in marketing yet unable to obtain a career in that aspect, leaving her with 120,000 in student loans and a part time gig as a barista. Bertram stresses the idea that a college degree
The document I chose was Document 19-1 titled ‘A Textile Worker Explains the Labor Market’. This document is the testimony of Thomas O’Donnell given before the U.S. Senate Committee on Relations between Labor and Capital in the year 1885. O’Donnell speaks about what it’s like to be a labor worker in the 1880s to a committee so they could better understand the relationship between labor and capital. The Gilded Age saw the rise of industrialism and great economic growth in the United States. But true to its title, the Gilded Age was only plated with gold but inward filled with corruption and poverty. What meant great success for some, meant lack of job security and financial hardship for the working class Americans. This document really depicts what it’s like being on the working end of these companies seeking to industrialize.
In the article “America’s Most Overrated Product: The Bachelor’s Degree” by Marty Nemko, the author argues several different views on why higher education may be very overestimated. For starters, the author shares his opinion more than anything else due to him being a career counselor. The purpose of this essay is to explain to the readers that most people start off with the idea of living the American Dream. Which is practically going to college to have a better life and career. But over the time the idea of working very hard for a Bachelor’s degree has become very dimmed. Furthermore, for some people, when they think of the American Dream they think of hope for bettering themselves and also helping their families. Unlike the author, Nemko feels that even the thought of trying to pursue to get a bachelor’s degree is overrated. The audience of this passage would most likely be teenagers going into college and parents. Nemko states that “Colleges are quick to argue that a college education is more
The real problem, according to Bruni, is that a college education is now far less likely to result in gainful employment. While statistics suggest that the rate of unemployment for college graduates is far better than for those with only a high school education, Bruni argues that these statistics
One statistic that Owen and Sawhill presented was “Hamilton Project research shows that 23- to 25-year-olds with bachelor’s degrees make $12,000 more than high school graduates but by age 50, the gap has grown to $46,500 (Figure 1). When we look at lifetime earnings—the sum of earnings over a career—the total premium is $570,000 for a bachelor’s degree and $170,000 for an associate’s degree. (Owen, Sawhill pg 641). Owen and Sawhill also mention that “with tuitions rising faster than family incomes, the typical college student is now more dependent than in the past on loans, creating serious risks for the individual student and perhaps for the system as a whole, should widespread defaults occur in the future. Federal student loans now total close to $1 trillion, larger than credit card debt or auto loans and second only to mortgage debt on household balance sheets” (Owen, Sawhill pg 642). Basically, what the authors are saying is college is expensive, but for some career paths, the training and education received in college is necessary to have that job and the benefits outweigh the costs. With a high paying career where a college education is necessary, paying off student loans is no problem. On the other hand, people who go after low paying careers that don’t necessarily need a college degrees,
In "Are Too Many People Going to College?" by Charles Murray is not that too many people are attending college but that people are going for the wrong reasons. People ought to head off to college to become "capable and cultivated human beings" and get a liberal arts education, but should not wait until school is over to do so. You ought to know your aptitudes and shortcomings before picking a job just to get a degree in view of the amount of money you will make. Murray utilizes the electrician and the business manager scenario for a young male to demonstrate this point. The young man could be a successful electrician in light of the fact that he would be the best at what he does and that would secure professional stability. Then again turning into a business manager wouldn't be his best
Precarious employment is work that is not secure, generally does not include any type of benefits, and is paid so lowly that it generally does not meet the living wage. This type of employment is unfortunately a growing trend in today’s societies due to many factors such as outsourcing, globalization, a saturated job market, shifts from manufacturing to the service sector and jobs also being replaced by computerized units. When speaking on precariousness these trends also affect European societies due to the fact that the outsourcing is generally to places where labour is extremely cheap in order to lower the costs of goods such as Asia and South America. This growing trend is also resulting in negative effects on the economy such as the bottoming out of the middle class and a large amount of citizens living below the poverty line and not able to earn a livable wage. Minimum Wage is on the incline, however, it is still not enough to live on practically and there are many other factors that make precarious work disadvantageous other than the wages such as job security and room for growth and promotion within the company. The negative changes to the job market brought on by the changes to it have resulted in higher expectations and demands from the employers which reduce the amount of people which are eligible for what are now known as “good jobs”. These good jobs generally entail a livable wage, benefits, more flexibility and better job security. Precarious work is categorized and gendered as women and immigrants make up the vast majority of employees in this type of work. Since precarious work affects citizens on a global scale, in this essay, there will be comparisons and contrasts drawn between precarious work in Canada ...
It is very difficult not having a degree and trying to get a decent goodpaying job. In the coming weeks, tens of thousands of young adults who graduated from collegelast spring will get their first payment notice for their student loans. As they look at the bill withan average monthly payment closing in on $400. Which is a lot better than most peopleconsidering the ones who don't have a degree and only a high school degree have not had thesame chances that other people have had.There is other issues however like the choosing of a career which is very hard becausenot all pay the same and not all are attractive. For example, nowadays there's not much manualwork that people do like being a mechanic. “But there are also systemic changes in the economy,arising from information technology, that have the surprising effect of making the manual trades— plumbing, electrical work, car repair — more attractive as careers.” Matthew says this inorder to point out that society is trying to bring back people who can do work by hand. There ispeople trying to make less likable jobs more attractive because they are running out of peoplewho specialize in that job. Everyone is going into office jobs where there isn't much physical andnot much mental effort. For example, “Put differently, mechanical work has required me tocultivate different intellectual habits. Further, habits of mind have an ethical dimension that wedon’t often think about. Good diagnosis
In Caroline Bird’s “College is A Waste of Time and Money”, it’s argued that there are many college students who would be better off if they were to begin working after high school graduation. Colleges and universities can no longer ensure that one will go on to get a better job, getting paid more than they would have without a higher education. However, high school seniors still stress about where they will be attending college, how they’re going to pay for it and what they’re going to study for the next four years. Bird points out how college has changed over the past few decades and how, in turn, it has set many young adults up for disappointment, if nothing else.
First, college degree graduates have better opportunities in finding a high wage job. “Graduates enjoy increased opportunities for employment at higher rates of pay, providing them with the wherewithal to pay off debt, if they are wise stewards of that debt.” (Smith, 29) People with college degrees have higher chances of being successful in the future because employers would rather employ those who holds a college degree. However, although there are some people who did not attend college find jobs that can help satisfy and support their lives, they cannot compare the earnings of college graduates who holds a degree. My cousin, holding a Bachelor’s degree of Business Management, graduated 5 years ago from College. At first, College education can guarantee the success of her goals, but because of her persistence, she is now a successful businesswoman. She has now a full-time job that can support her family and has already built her own home. With this means, having a college degree helps a person not only achieve their own goals but also being independent. “Realistically, having a college degree will likely mean a com...
Many college graduates are finding it hard to get jobs. The biggest issue is the amount of debt Americans are facing due to the college degree they were told they should have. Colleges have been raising the prices on everything from tuition to books. The government is giving out loans to students without even asking where they’re going to school for, or if they’ll even have a plan to pay off the debt in the future. The mentality is that corporations and business won’t hire someone unless they possess a college degree. Gerald Celente, from Trends Research Institute, says “It makes no difference to have a college degree.” (College Conspiracy Scam - youtube) He wants individuals to have minds and to think for themselves. Many believe that with a degree they can have any car and house they desire and commonly known as the American Dream.
If more people went to college, and less went the vocational route, jobs will take a momentous hit. Today, companies will not even touch an application that does not include a Bachelor’s Degree; even if the Bachelor’s Degree has nothing to do with the job being applied for. Attention is not given to whether the hopeful applicant qualifies for the job; all that matters is that the applicant has a Bachelor’s degree. Murray best sums up the American job market when he says, “Employers do not value what the student learned, just that the student has a degree” (Murray). However, if less people obtain a Bachelor’s Degree, employers will be forced to base applicants on their skills, and abilities. Furthermore, important vocational jobs that lie vacant will be filled. Good electricians, carpenters, and construction workers will always be in
Obtaining a college degree is as critical as ever. In fact, more and more jobs require a college education each year. “According to studies based on economy and job projections calculated by Georgetown University, in 2018, approximately 63% of jobs will require some kind of college education or degree (Is a College Education Worth it?).” In just three short years, well over half of the jobs available to the work force are going to require a certain level of post secondary education, and that
...s comes with college being too expensive and is growing at a rate higher than inflation (Kantrowitz). There are many great jobs out there that don’t require a degree and pay good as well as on the job training. The truths many people aren’t willing to admit are getting a college degree will lead people to better careers too. People don’t need a college degree to be successful, but having an education is important, along with a desire to continue to learn, work hard, and adapt.
Employability skills and Career readiness have become an integral part of education. Employers are looking for people with a combination of skills such as soft skills, customer service skills and life skills. Not having sufficient employability skill sets, is one of the main reason for many students not getting selected in campus drives. Focus is more on technical knowledge than soft skills in their curriculum. During the course of their education , required level of importance is not given to key qualities like effective communication, leadership qualities, time management skills, self motivation, problem solving skills and creative thinking.
Youth unemployment is a global problem facing both developed and developing economies. The United Nations define youth unemployment as individuals between the age of 15 and 24 years not employed and actively seeking employment. Statistics only consider youths who have attained the required age of employment who are willing and able to work but without jobs. Unemployment rates raise concerns in all economies. However, the rate and trends vary from one country to another irrespective of the country’s development status. For instance, in Cuba, Sierra Leone and Germany, youth unemployment rates were below 10% as per the year (Petersen & Mortimer, 2011). Sierra Leone is a developing country while Germany is a developed country yet their youth unemployment rates are comparable. On the other hand, youth unemployment rates in South Africa, Armenia and Spain were above 50% as per the year 2010 (Petersen & Mortimer, 2011). In most countries, youth unemployment rate is more than double as compared to an unemployment rate in people above the age of 24 years. Canada is not an exemption as the youth unemployment rate is raising major concerns. In the recent years, issues of youth unemployment have dominated political debates and social forums. More and more youths are leaving institutions of higher learning to end up being jobless. A considerable proportion of the youths are doing jobs that are below their level of educations. Organizations are raising standards in jobs where jobs previously performed by high school leavers are being given to diploma and degree holders. Since 1966, general unemployment rate has averaged at 7.75%. As per April this year, the unemployment rate among the youths was 14.5%, w...