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Business Economics: Globalization And De-Unionization

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Question:

Discuss about the Business Economics for Globalization and De-Unionization.

 

Answer:

Introduction and Claim

In the entire Article, the author discusses about the increasing disparity between the upper- and lower-half of the society. The major narrator of the piece is Robert Reich who is primary illustrating the America’s social classes. The metaphor is utilized in explicating how the economy of America is fluctuating for the rich and poor. It is alluded to a boat that everyone is in whereby 1 is rapidly sinking 2nd one sinking more gradually while the 3rd steadily rising. The three social classes are referred to here including lower-, middle- and upper-class.

The lower-class keeps going poorer due to job loss, increase automation alongside competition from other economies which are enthusiastic to work for less money. The middle-class is somewhat staying unchanged but remain still diminishing economically. This is due to machinery that is substituting employees, lower wages due to the surged social security drawn by the government from the retirees, alongside the stiff competition from immigrant searching for jobs. The upper-class does well and ascending past everyone else since they are the people who are thinking regarding selling their notions to overseas nations who could never think of them independently.

Background

The topic is anchored on the Robert Reich as both eye opener and simultaneously a cautionary for the society about the unemployment which the society shall be facing and is presently facing as a result of the lack of education and technology. It precisely enunciates that routine producers’ jobs and in-person servers have extinguished wholly as the contemporary techniques have substituted them. Reich posited that strictly individuals whose jobs remain on the upsurge are symbol analysts. The symbol analysts remain the actual problem solvers. The symbol analysts’ skills remain extremely in the demand globally since they are the people who initially examine the problem and subsequently solve the problem (Reich 15).

The same unemployment problem alongside the global recession that has left workers focusing on workers not solely with skills of specialist but further a vaster array of knowledge and skills. The report remains a clear reflection of what is required by the modern day employers, but the question remains whether it is universities or learners individually that fail to cope with the needs of modern world that is marred with advancement in technology alongside critical thinking. The modern day generation alongside reasons for huge drop in employment are truly missing something critical.

 

Opposition

The opposition holds that the job losses in America is caused not by the immigrants into America but due to technological development and globalization. The opposition acknowledges that the main challenge is the employment crisis that the millennials shall be facing as a result of educational challenges, either in schools or in learners, and the similar period the ascending symbol analysts demand (Spangler 472). This is an eye-openers for millennials since the opposition has precisely illustrated all the challenges facing millennials and shall be facing in the coming years about employment.

Opponents Claim’s strengths and weaknesses

The main strength in my opponent claim is that it is true that globalization and technological advancement have greatly led to a laying off of many workers. On the other hand, the opponent fails to appreciate that as technology is advancing, many jobs are destroyed and through innovation, many new jobs are created and many firms upskill their old employees rather than retrenching which would indeed retain workers and even employ new ones.

My Claim

The Robert Reich Article remains wholly true. There is a widening gap between the rich and the poor. This disparity/gap is increasing blooming visibly as months turn to years. The rich are increasingly becoming richer since they are the people taking over the lower-class jobs and doing whatever they wish with them. Often, the upper-class fire all the employees and place in automatic machinery since it is increasingly effective and cost really less. The upper-class have further put a surge on immigrants over the previous ten years and it is still ascending today. The immigrants come to America and require jobs to support both families and themselves. This is the reason there is increasing jobs less in the US. If the American economy keeps up with this declining trend, there will people trapped in absolute poverty and those who are filthy rich. Accordingly many of the rich individuals shall refute to assist the poor, even where they are increasingly capable of helping the poor.    

Warrants for My Claim and the Opposition for Common Ground

Based on my claim, the millennials’ future is analyzed with respect to unemployment problems the millennials will face as a result of globalization. The advancement in technology and entire world “going global” remains significant.  Unlike my claim, that I hold also contributes to the American job losses, I see sense in the opponent claim that attributes the job loss to the shift of jobs from the developed to developing economies established by the huge recession in the developed-economies to have triggered by the advancement in technology and globalization.  

Common Ground

It is true that both claims remain cognizant that the main challenge is the unemployment. Whereas I attributed the lack of employment among the Americans to the competition arising from the immigrants who seek the same jobs to support themselves and families, I am in agreement with my opponent’s claim that globalization and advancement in technology have also played a significant role (Stiglitz 133). It is true that advancement in technology has made workers stay in touch with the entire globe with the assistance of certain optical wires alongside satellites and hence began hiring employees who were willing and ready to work for the lower salaries. In the same manner, introduction of novel labor-saving machineries like ATMs and robotized vending accounts for job losses.

Conclusion

Both opposing claims have a sense in arguments and hence there is a common ground. Both technological advancement and globalization have indeed led to job loses while at the same time Americans have lost jobs due to influx of immigrants.

 

Works Cited

Reich, Robert B. "Why the rich are getting richer and the poor, poorer." The way class works: Readings on school, family, and the economy (2008): 13-24.

Spangler, Eve. "When Good Jobs Go Bad: Globalization, De-Unionization, and Declining Job Quality in the North American Auto Industry." (2017): 471-473.

Stiglitz, Joseph E. "The overselling of globalization." Business Economics 52.3 (2017): 129-137.

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