Saturday, June 22, 2019

Should the Unemployed be required to do voluntary work Research Paper

Should the Unemployed be required to do voluntary clip - Research Paper ExampleThe rise of capitalism has alike brought about tremendous hordes of people who are unemployed. For whatever reasons, these people cannot cope or cannot rise the jobs they want with the skills they fuddle. The global economy has undergone big changes due to this globalization trend in that the world has become flatter (or more flat), in the words of few economists.The world is now flatter because not only do people compete for jobs with different people within the same country exactly also vie for jobs with the people of other countries with cheaper cost of labor or some other competitive advantage. This has been shown by the phenomenon of outsourcing whereby jobs are exported to countries in Asia, the Middle East and other parts of the world where it makes more economic and financial sense to do so. The earlier method was contracting, then it became sub-contracting, near-shoring, off-shoring and th en finally, outsourcing. Business leaders had welcomed this development but to the detriment of organized labor which had seen its union ranks dwindle with the loss of jobs. People opt to moderate their wage demands in view of this outsourcing threat. A consequence of this phenomenon is that millions are now jobless.Capitalist economic theory posits that unemployment will always be present despite all the best efforts of business leaders and politicians because it is nearly unrealizable to eradicate. In other words, full employment is a pipe dream (a near impossibility) but the collapse of the U.S. sub-prime mortgage market has greatly contributed to swelling the ranks of the unemployed. It destroy the American middle class and the American Dream because well-paying jobs that had survived the outsourcing phenomenon were likewise wiped out. A prolonged and severe economic downturn made matters worse for most people. The economists have called this the Great Recession (in contrast

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