In document 3, Wang Xijue is a government official for Ming China. He is reporting that although the Chinese government is collecting a great deal of money in taxes, by demanding tax payments in silver the government is actually hurting the economy. Because all the silver is spent to pay taxes there is very little left for people to use to buy farm products or tools or to hire laborers. Since they cannot afford to pay much in silver prices and wages are dropping. This is driving some farmers out of business.
Many foreign companies and countries are using the poverty of other countries to their own advantage. One of the clear example shown is that most foreign firms pay their workers more than the average of the poor country, although what the workers are paid is many times lower than the average wage in the home countries. While the poor companies are creating job opportunities, the foreign companies are creating jobs faster, leading to higher poverty levels in the country due to the fact that the profits earned by the foreign companies are not invested back into the country where the companies are located, but rather sent back to the main company. Besides, most foreign businesses also spend heavily on research and development in their own country where they are located; however, the benefits of the new, more advanced products are again reaped in the home country instead of distributing to the other countries. Research has found out that the foreign investments in the United States have gone from one hundred million to nearly three trillion dollars.
The Gilded Age was an era reflecting the combination of outward wealth and dazzle with inner corruption and poverty. This time lacked leadership of a president, which led this to be a period defined completely by negatives. John D. Rockefeller, Andrew Carnegie and J. Pierpont Morgan were some of the most momentous and dynamic captains of this era in American history. Their tactics in the world of industrialization were not always fair, but in order to crush the competition they allowed very little get in their way. With the booming business of the Standard Oil Company (John D. Rockefeller), the brilliant railroad monopolizer (J. Pierpont Morgan) and one source of his steel success (Andrew Carnegie) the United States was able to continue on their way to a powerhouse of an economy.
The American dream is no longer about being a part of the rich. He redefines it as the opportunity to work for an honest and secure way of living. Challenging King’s argument is Karen Olsson March in the article, “Up Against Wal Mart”, where she illustrates how the average citizens who work in big corporations struggle to make a living due to the bad working conditions that those big corporations have. Olsson’s argument about the practices of megacorporations illustrates the weaknesses in King’s argument that states the American dream has changed but it is still possible. In particular Olsson’s analysis of low wages, inequality of wealth, and the inability to save for retirement reveal shortcomings in King’s essay.
To elaborate: a monopoly is when a person or a group owns the majority of the supply for the public. For example, back during the Gilded Age, there were many tycoons who prosper because they were able to monopolize their commodity such as Andrew Carnegie and John D. Rockefeller. They were successful in their industry that they would be able to control the economy. This is bad for the poor, because back during the Gilded Age there was no minimum wage requirement, no healthcare benefits, so people were under paid and unfairly treated. Due to the fact that the people were underpaid and unfairly treated, there was no a disparity in the social class system between the rich and the poor.
Clearly there’s an imbalance basic human rights. The more assistance poor nations get from the wealthy ones the more labour they have to produce. Businesses and companies gain from this because labour with low salaries, no health costs or unions to protect them are involved. Overpopulation has brought about an imbalance socially, economically and environmentally. In some countries such as China and Iran, the government has tried to regulate their populations.
As senator Charles E. schumer has made clear they can help the economy by paying fines to become citizens. They can also help create more jobs and opportunities for employment. Schumer's point is that by paying fines they can become citizens and are also helping the economy. Some might argue that they are taking away opportunities for american citizens to earn jobs and salaries. However what must be remembered is that without improvement to the economy less people would stop moving in and would take a long time for americans to make to economy the same way as diffrent undocumented immigrants would.
The workers have had to face many challenges just like the pioneers trying to find a new life, but after that, they were given zero rest and were forced to go work everyday. In addition, thirty dollars a month, meant a dollar every day, and to be more exact, that was not a lot of money at all compared to the hard work the Chinese put in. Through this cruel event in history for the Chinese Laborers, it had made a huge effect in today’s world. Chinese today are allowed in the US with citizenship because of the many controversy in the late 1800s. This has really taught the US government and business company to be what they are today, welcoming and always putting their citizens
Because of these unions, it is usually much harder for the largest corporations to exploit the local labor. Meanwhile, if they move the factories overseas in countries without such unions, they don’t come up against such issues. There are constant problems inside the factories about the exploitation of the workers (Khan, 2012; BBC, 2006; Zhang, 2012). Exploiting others’ work has long been a way to get rich. The entire feudalism system was based on the exploitation by the powerful (Brown, 1974).
As a result board members and executives make tons of money at a fast rate. A con is that shareholders will put pressure on the companies to meet their goals, resulting in a “winning at all costs” attitude. Which could mean contaminating ground waters, causing massive unregulated amounts of pollution, and loses of many workers. Another con is workers will not care for their company, they will be overworked and lower level management will have little say in anything, because only shareholders make decisions and higher executives give all orders. Yes I believe it is wrong, even though it's true to this day, employees should have been paid living wages, and should have been treated right for generating so much for the people at the top of the company.