Important Aspect Of Macro Economics Essay Example | Topics and Well Written Essays - 1250 words

Important Aspect Of Macro Economics - Essay Example The two papers selected for this essay are â€Å"Unemployment rises in every state† by â€Å"Conor Dougherty† which was published in Wall Street Journal in 2009, and â€Å"Who loses fro unemployment† by William Darity, Jr. and this paper was published in Journal of Economic issues in 1999. Both these articles talk about unemployment, and that is how these are related to study of macro economics. The purpose of this paper is to provide an insight over macro economic issues being discussed in these two articles. Analysis: Dougherty (2009) has discussed the existing situation of increased unemployment rates in the United States. As per the reports of Labor Department, recession of macroeconomic nature has hit all industries by now. Industries like housing and manufacturing have lost more jobs. West and Midwest of the United States has shown a steep decline in number of jobs being available in open market. In the northeastern states too, unemployment figures are grow ing steeply. As per the article, United States lost two million jobs from September 2008 to December 2008. The unemployment rate in 2008 December was 7.2% for the nation, but earlier on, the financial jobs were secure which are now losing ground like all other industries. Miami, Phoenix, Los Angeles and Las Vegas have experienced a decline in job opportunities available at an alarming rate. South Carolina and Indiana have seen a sharp rise in unemployment rate. Also, the states of Michigan and Rhode Island crossed 10% mark, which is the highest and the worst in the country. The paper in general is written in a way which is easily understandable for general readers. Dougherty (2009) has taken help from figures, facts and statistics to prove his point. He has clearly made his point that unemployment is on the rise in whole United States, and it is happening at an alarming rate. He is also given due importance to the policies current government of Mr. Barrack Obama is following. The pa per is very much narrative in style. It has explained the existing situation and has pointed it out that it is a serious situation. Neither the causes nor the effects of this situation have been discussed in this paper. Looking at the population of America, it has grown steadily over past few decades. With a population growth rate of 0.963% (July 2011 estimate) a clear majority of American population is in the age where they need jobs. Source: https://www.cia.gov/library/publications/the-world-factbook/geos/us.html The above mentioned graph shows that most of the U.S. population is in the age group of 15-64 thus a clear majority of American population is ready to work, but unemployment has become a serious problem for them. Rates of unemployment have increased steadily over past few years. This has its own impacts over American population. Source: https://www.cia.gov/library/publications/the-world-factbook/geos/us.html The other paper under discussion here discusses the impacts of u nemployment. Darity (1999) has opened his paper with a discussion about laborers who have highly irregular employment and he has discussed them from the point of view of Carl Marx as presented by him in 1967. Marx has discussed this population as surplus. The three categories of this unemployed surplus population include those who are able to work and who want to work and are actively seeking employment. The second category includes pauper children and orphans and then third category are those people who are not fit for

Key Strategies Essay Example | Topics and Well Written Essays - 1000 words

Key Strategies - Essay Example The simple logic supporting the need for ethical guidelines is that actions in business are the result of decisions by human beings, and human beings tend to seek justification for their actions beyond the rule of value for money. As Hill writes, "top management determines quality priorities, establishes the systems of quality, management and the procedures to be followed, provides resources and leads by example" (Hill 1991, 23). The quality guidelines are crucial to ensure that the service is provided using a consistent process which is described in the quality documents. ISO standards followed by Canbide provide a standard of quality assurance for firms only involved in final inspection and testing of products. Firms using this standard are basically performing the inspection function of the product that would normally be done by the customer when the product is received. For Canbide, Total Quality Management is a strategic approach to quality which permeates the entire organizatio n (Slack 2003). Basic behavioral science principles and practices are the foundation of excellence through quality programs. The rational for these programs is to motivate workers and increase service quality, e.g. providing clear objectives, participation in decision-making and positive feedback on performance, are established principles which have widespread use in different applications. Thus, the development of these programs demonstrates a sensible application of established theories in a relatively new field. Within CERG, quality control during the process should involve the use of control charts, which will be discussed in some detail shortly. The number and location of inspections should reflect both the probability of faults or defectives occurring and the consequences of such occurrences, as well as the cost of conducting inspection. Frequently, technical considerations determine the position and number of inspection operations, but nevertheless, within certain limitations, operations management is usually able to design the inspection procedure (Eboch, 1998). Having looked at the way in which customer relationship management and employee relationship management (ERM) has evolved, it is clear that there is a role assumed by people responsible for projects at various stages of development, connected with business units, as part of defining and producing a project plan. ERM involved in the business to the point at which the project manager and the team take over responsibility for the implementation phases leading to the hand-over of the finished project. Taking into account the nature of CERG, output and process quality control will be integral part of TQM. Inspection of items between operations should be undertaken, not only to ensure that faulty or defective items do not proceed to the subsequent operations, but also in order to predict when the process is likely to produce defective items so that necessary preventive adjustments can be made. Well-defined procedures should be established for the selection