This website uses cookies to ensure you have the best experience. Learn more

Pf Assignment 9

548 words - 3 pages

In Shenzhen, located in the middle of China’s manufacturing heartland, about a quarter of a million workers are assembling electronic devices. These devices are made to be sold in Western markets. Foxconn runs many of these businesses. They make products for Apple and other brands. Foxconn employs one and a half million workers all across China. Foxconn has become an economic threat to both China and America. Their cheap foreign labour reduces enconomic growth to both countries.
The labour share of national income has been decreasing across the world since the 1980s. Countries affected include South Korea, Germany, Japan, Britain, Mexico and The United States. Labour captured in the Organization for Economic Co-operation and Development has fallen by 4% from the early 1990s to the 2000s. A decline of that nature ...view middle of the document...

An increase in imports is correlated to a decrease in labour’s take. 3.3 percentage points of the 3.9 percentage point fall in the labour share in America throughout the past 25 years can be blamed on Foxconn.
Trade cannot be the sole reason for the drop in labour share. Workers in developing countries, which ranges from China to Mexico, have not been able to seize the benefits of growth over the past two decades. The OECD estimates that technology is to blame as well. They say technology is responsible for about 80% of the drop in the labour share among its members. Foxconn is now choosing to use technology to its advantage. Foxconn is going to add one million robots to its factories next year.
Many tasks could be automated with the use of robotics. Firms find it better financially to swap labour for software whenever possible. This has already caused a decline in the labour share by five percentage points. Governments may went to implement protection for workers in order to support the labour share. This may actually lead to more unemployment or an even faster shift from human labour to automated labour. Rising emerging-market wages may make trade less attractive, but this may also increase automation.
Foxconn needs to stop cheap foreign labour. They may be saving themselves money but they are hurting the country’s economy. Cheap foreign labour practices should no longer be allowed. Foxconn should keep the labour jobs within the country. At the very minimum, at least half of the labour should be kept within the country. This will help the labour shares in the United States. Technology may be helping the living standards for people but technological change is hurting the income from labour. But the living standards for wage and salary workers are also being made more difficult with automation spreading.

gnment

Other assignments on Pf Assignment 9

Economy Effect Of Marijuana Essay

277 words - 2 pages Modern American History by Alan Renga 2nd Mid Term! You will be given 3 Short Essay questions and 20 Multiple Choice questions deriving from this list! 80 points total! The 1920s Warren Harding then Calvin Coolidge Tea Pot Dome 1st Red Scare Immigration Restriction, Sacco and Vanzetti Langston Hughes, Marcus Garvey, KKK Prosperity, advertising Prohibition, Al Capone Flappers, Clara Bow, Rudolph Valentino Babe Ruth, Jack Dempsey

The Vc Shakeout Essay

2033 words - 9 pages ECONOMY 26 Luring a big firm to town is not the secret to job growth DEFEND YOUR RESEARCH 30 Are morning people wired for success? VISION STATEMENT 32 The social web’s east-west divide COLUMN 38 Warren Bennis looks back on his surprising path to fame New Thinking, Research in Progress hbr.org New Thinking, Research in Progress hbr.org FIRST The VC Shakeout Venture capital hasn’t worked for a decade and must be radically

Hospitals Paper

6014 words - 25 pages I hope to provide in this paper a comprehensive understanding for what the term “hospital” has become. Hospitals are an extremely complex system that man has created and shaped and reshaped throughout history. My goal in writing and researching this paper will be to provide those who read it a clear understanding on how the hospital system got to where it is today, and to shed some light on the many organizations that affiliate with and

Course Syllabus

2610 words - 11 pages ] | |“Intermediate Algebra with Geometry” | |5 credit/contact hours, 16 weeks | |Class |Date & Time: 7:00 - 9

Management

1477 words - 6 pages Boeing Management Planning Heather Oetzel MGT 330 October 22, 2012 Joe Cheng Abstract Boeing is known as “the world’s leading aerospace company and the largest manufacturer of commercial jetliner and military aircraft combined ("The Boeing Company: About Us", 2012). Every company uses different types of management techniques including how the planning function of management is used. Planning allows organizations to develop how the

Assisted Suicide

1015 words - 5 pages Should physician-assisted suicide be legal? While I believe if one chooses to end his or own life through physician assistance for reasons that they chose, the choice should be up to the individual. Physician-assisted suicide should be at one's discretion. “Assisted Suicide, also called Voluntary Euthanasia, is currently a contentious issue in many countries. Because Euthanasia is legal in a few modern democracies: the Netherlands, Belgium

Tanglewood Case 1

797 words - 4 pages Tanglewood’s staffing strategy requires the organization to make key decisions about the acquisition, deployment, and retention of the organization’s workforce. In order to accomplish this, Tanglewood’s must make thirteen decisions regarding its staffing levels and its staffing quality. One of the first decisions that Tanglewood needs to choose is to acquire or develop talent. Tanglewood should try to develop their current talent because one

Nnnnn

1391 words - 6 pages Есе по въпроса: Кои от всички „действащи” лица могат да се разглеждат като морално отговорни и в какво именно? по казуса Форд „Пинто” Корпоративните злодеяния са нанесли повече вреди на обществото от всички улични престъпления взети заедно. Според данни на ФБР сумата от уличните престъпления възлиза на $3.8 млрд. годишно, а загубите от корпоративните измами между $100 млрд. и $400 млрд. годишно

The Penis

1052 words - 5 pages The short story ”The Penis” is written by Hanif Kureishi. The short story is about a penis, which has been separated from its owner Doug, who we hear from later on. At first though we hear about a guy called Alfie who was “a cutter – a hairdresser – and had to get to work”. He is having breakfast with his wife, when she asks him what he did last night, and if he had a good time last night? Alfie can not remember what he did last night, he then

Managed Care Paper

543 words - 3 pages Managed Care and Case Management Care Marvin Lloyd BSHS/402-Case Management 27 August 2012 Virgil Miller Managed Care are techniques employed to help reduce the cost for providing health benefits and a system for improving organizations quality of care

Media

439 words - 2 pages The life expectancy is lower; so people are not kept alive with drugs for decades in a virtual sleep state. There is less state education; so kids don't have it drilled into them that their only goal in life is to make money, at the cost of 'everything' else. The health care is less; so diseases, usually brought by Westerners, kill many more than they do in countries where drug companies can make a fortune from selling medicines that aren't

Similar Documents

Soley Essay

2369 words - 10 pages Destination Index 8 * 9. EXECUTION UNIT – General Purpose Registers Register PurposeAX Word multiply, word divide, word I /OAL Byte multiply, byte divide, byte I/O, decimal arithmeticAH Byte multiply, byte divideBX Store address informationCX String operation, loopsCL Variable shift and rotateDX Word multiply, word divide, indirect I/O (Used to hold I/O address during I/O instructions. If the result is more than 16-bits, the lower order 16-bits are

Network Essay

1610 words - 7 pages TWS2571 T2 2013/2014 Assignment (15%) 1. Deadline   Due Date Phase 1: 6th December 2013, 1130 am Due Date Phase 2: 30th December 2013, 1130 am. 2. Group This is a group assignment, group of FOUR. STRICTLY NO COPYING, if detected all parties involved will get 0 marks. Report is needed to pass the plagiarism test before submission (Turnitin). All reports must have less than 10% of similarity index. Note: Name your report with the given

Green Light Accounting Essay

4688 words - 19 pages V. Competitive Analysis 9 VI. Customer Analysis 10 VII. Selling Tactics 10 VIII. Evaluation 11 IX. Conclusion 11 References 12 Background and Green Marketing Product Strategy Greenlight Accounting is a start-up organization based in Grand Forks, ND that caters to small firms, self-employment/home businesses and military members. The owners are comprised of three

Mgt216 Essay

714 words - 3 pages The first ethical issue presented in the ethics game simulation was whether to warn consumers about the contaminated product and what information to provide consumers about the contaminant. The second ethical issue was whether to sell a product that does not meet U.S. safety requirements in a foreign market that has lower safety restrictions. G-BioSport was not required to meet prior approval from the Federal Drug Administration before they