As globalization is able to transfer goods, services, products, or even employees from some countries to other ones, it becomes a much more effective way to widen or narrow disparity all over the world. It cannot be ignored that globalization is a great issue that widens economic inequality in the U.S. “In the discussions about jobs, a lot of attention has focused on trade and terms such as globalization, outsourcing, and offshoring. The concern, of course, is that a free-trade environment is letting good jobs drain from the U.S. economy and wind up in China, India, and other countries where workers command much lower salaries.” (Parry 2014, p. 1). In the view of aforementioned fact, globalization opens many borders to companies and businesses of the U.S. to take much benefit so that the companies and businesses put so much investment and build a lot of workplaces outside of the region. For this reason, disparity in terms of economy increases dramatically just as people who live in underdeveloped countries have many opportunities, just like finding easily workplaces, to live a superior life unlikely people who live in the U.S. lose their workplaces.
Likewise, consumers, seek their desired goods, though their preferences may vary. So what is the problem with such a market relationship? It is established from experiences that, capitalism contributes to stark socioeconomic inequalities in a society. Consider the United States as an example. Capitalism polarizes a society economically: the very rich and the very poor.
The Cambridge dictionary definition of geography is “the study of the systems and processes involved in the world 's weather, mountains, seas, lakes, etc. and of the ways in which countries and people organize life within an area”. The idea of capitalism focuses on the human side of geography due to capitalism affecting peoples lives and socially, how the world develops. Capitalism is “an economic, political, and social system in which property, business, and industry are privately owned, directed towards making the greatest possible profits for successful organizations and people”, as defined in the Cambridge dictionary. Despite some criticisms towards capitalism, it is seen as the most successful economic strategy for a country compared to others such as socialism and communism, these successes can be highlighted by the economic development of Western countries and in which is soon becoming a global phenomenon.
Workplace happiness not only include job satisfaction way more than that. it is found in this research that better relationship between the employers and employees increase the happiness at the workplace and as a result the productivity of the employees increase. Objectives: • To bring out the key factors influencing the workplace
A fall in illiteracy level will ensure that there is an increase in skilled labour in the job market. Skilled labour is far much better than unskilled labour since they ensure that firms realise high profits. These profits are the ones which contribute to the development of the economy. Furthermore, it is important to understand that the economy cannot be built by the male gender alone. The female gender too plays an important role in bettering the economy.
In today’s society a measure of social equality often correlates with factors such as income, status, and wealth. This notion may be due to the fact that many individuals believe that the political and economic systems of capitalism have contributed heavily to the rise in inequality experienced by many on a global scale. Others, however, believe that capitaism is in fact the only economic system present today that minimizes economic and social inequalities while maximizing profits. This statement, however, can be viewed as false as capitalism does promote inequality amongst individuals to a certain extent. When compared to other economic systems such as communism, capitalism does promote the ideas of freedom and equality for all individuals under the system.
Ensuring job satisfaction is one of the main ways to increase productivity. According to Edwards (2015), “When an employee is happy, that employee is essentially saying they care more about what they're doing. This leads to increased dedication and attention to detail--which obviously enhances productivity and output” (P.9). Thirdly, recognition can be a very useful tool to increase productivity. Recognition of employee efforts can equate to greater productivity, even among those who aren't as productive.
We, create successful teams, where they provide great feedback. Although, they have conflicts is the good type of conflict, where they take the best solution for different situations. Personally, I believe that our organization culture is great because they provide the best opportunities for our team members. We want everyone to be equal, and for them to have equal opportunities. We like to provide opportunities for everyone in the company according to merit.
The purpose of economic globalization is making country richer, and improving people’s standards of living. Nowadays, economic globalization has become one of the controversial topics in the world. But the truth is almost every country in this world have involved in economic globalization. In my opinion, whatever they are developed countries or developing countries, economic globalization can help them develop their economy, and making their country
This leads to high levels of job satisfaction from implementing OCB giving them more responsibility and freedom and present constantly new opportunities for them. It is important to note that benefits of the OCB are mutual to company and its workers as well as third parties such as customers, suppliers etc. OCB works as an incentive for employees as they know that they will be not only well rewarded for their hard-work done which consequently encourages positive behaviour and turn professional success for the individual. It is a win-win situation. A meta-analysis by Borman revealed that conscientiousness was the most powerful trait