An American Economy Essay - 934 Words

An American Economy Globalization is a very pressing issue in the American culture today. Within any economy, globalization will cause many problems while at the same time solving many others. This is true because there are many factors involved with globalization, one of the most important being job outsourcing. While at first glance and from what the media reports, job outsourcing is definitely not healthy for the economy. However on upon closer inspection, the reverse may be true. Job outsourcing, though initially stressing on the workforce, is helpful in creating a strong economy. Job outsourcing creates an initial job loss to the area in which it concerns. This happens because in a global economy, the idea is to move ones†¦show more content†¦The media and politicians attacked IBM for its un-American policies, the other event was IBM’s high second quarter profits that allowed for a one-third reduction to their lay-offs. Though that may not seem like a big deal, it is considering that when they announced their 5,000 layoffs, they also announced their addition of 5,000 other American jobs to the payroll. No one heard their second announcement through all the fuss over the companies outsourcing. With that taken into consideration however, IBM actually increased the number of American workers, making a healthier economy. The attack of the media and politicians on IBM is not even close to new. Any company with plans to cut costs by moving jobs over seas is seen as an evil monster creating a permanent job loss. The permanent job loss is an idea that has been around for some time. In the eighties and early nineties, there was a lot of doubt over our economies ability to recover from the departure of our manufacturing jobs. Then, starting in the mid to late nineties was the panic over e-commerce and dot.com companies destroying old economy jobs. The fact is, our economy is always changing and there will always be a permanent loss of jobs. That’s what happened when the US changed from an agricultural economy to an industrial one and from an industrial one to a technological one. Now it is happening again as we change from a mostly local economy to a very global one. In order to keep theShow MoreRelatedAmerican Economy Essay1499 Words   |  6 PagesThe American Economy is the most dominant economy in the world and has been one that many countries have tried to replicate. Let’s take a look at how the American Economy is so dominant and why. There are many important numbers to bas e an economy off of, however, we are only going to look into some of the most vital numbers that really illustrate why the United States is the world’s leading economy. These numbers consist of Gross Domestic Product (GDP), which is the total amount of goods and servicesRead MoreSlavery And The American Economy1284 Words   |  6 Pageswas a legal institution in which humans were legally considered property of another. In the 18th century, new ideas of human rights and freedom emerged out of the European Enlightenment stretching across the Americas and Europe. By the era of the American Revolution, the belief that slavery was wrong and would ultimately have to be abolished was widespread, in both the Americas and northern Europe. However, the southern states of the United States believed that slavery is essential to their way ofRead MorePolitical Economy And Its Impact On The American Economy2306 Words   |  10 Pages Political economy is defined by how political policies and economic processes work together to influence society. It encompasses the notion that political systems influence economic systems and vice-versa. 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These are just two of theRead MoreEssay about The American Economy1358 Words   |  6 PagesThe American Economy The American economy is a vibrant, free-market system that is constantly developing out of the choices and decisions made by millions of citizens who play multiple, often overlapping roles as consumers, producers, investors and voters. The changes in the organization and performances of the manufacturing industry over the last century have helped shape the American economy. The Automotive industry perhaps made the biggest changes to their manufacturing processes. I willRead MoreGambling Effects On The American Economy1671 Words   |  7 PagesGambling Effects on the American Economy American people like games and entertainment, and one of these games is gambling. According to crops online, a gambling website (2009), gambling is classified as an old game taking place in China back around 2300 B.C. 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