Pilant's Business Ethics

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Tag: jobs

When there are no good jobs left in America, there will be no middle-class (via Under the Mountain Bunker)

When there are no good jobs left in America, there will be no middle-class (via Under the Mountain Bunker)

The job situation in America is a great moral and ethical question.

Over the past three decades, jobs have been exported, eliminated or converted downward into low pay service or part time jobs. This has enriched a small number of Americans – the top one percent of the population now controls 42.7 percent of the financial wealth of the nation – the top ten percent have 93 percent of the nation’s wealth.

The result – – the bottom 90 percent of the American people own 7% of the nation’s wealth.

If globalism and free trade are inevitable. If the free market is the best method of determining economic results, then a continuation of this is all that awaits us.

Americans are handicapped when it comes to having jobs in a world wide market. Americans have roads, bridges, police, fire departments, educational systems and an extensive military. These require taxes. Corporations have no desire to pay taxes and so they go to countries who have favorable tax laws or are willing to forego taxes for the jobs shipped there. Americans tend to be well educated and middle class. This means they will not work for 75 cents an hour and expect to be treated with some respect while having a high survivability on the job. This is inimical to the interests of corporations. It is easier to manipulate and use poorly educated people with no social standing. Safety costs money and killing Americans draws attention while dead foreigners are less of a problem. Americans live in a nation that has laws. Corporations do not want laws restricting their activities and they absolutely do not want to be prosecuted for their crimes.

So, if globalization and free trade are inevitable all we have to do to compete in a global economy is to give up way of life and gradually drift downward in our standard of living but only for the bottom 90%.

Is this a moral outcome?

Are the citizens of the United States similar to bacteria on a slide under a microscope? Do they deserve that level of analysis? .. the cold powerful corporate intellect realizing that a dash of penicillin could clear the way for new corporate profits?

Or do human beings have souls? Do Americans have a duty one to another? Do companies organized and financed in this nation bear a responsibility for their economic decisions?

There are things like justice, honor and duty. These are a joke in the world of the international corporation. I don’t believe these ideas draw laughter among the general population.

James Pilant

From Business Insider: 40 Facts That Prove The Working Class Is Being Systematically Wiped Out. Here are 10 of the 40 facts: #9 — Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history #10 — During this economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years #11 — The number of “low i … Read More

via Under the Mountain Bunker

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Jayaraman Rajah Iyer comments on "Offshoring has Destroyed the US Economy (via Suzie-Q’s Truth and Justice Blog)"

Jayaraman Rajah Iyer comments on "Offshoring has Destroyed the US Economy (via Suzie-Q’s Truth and Justice Blog)"

Jayaraman Rajah Iyer walks his own path and has his own thoughts. Here’s what he things about the afore mentioned post –

Dear JP

US has created a bubble of its own, not just a furious-attack as Krugman says [from WP on the bubble..the response of the right was a furious attack; basically, it was politically incorrect to raise any question about the glorious Bush boom.] but a piranha syndrome on any one who talks against cap… before the ism is even completed, by US – .com, .gov, .edu, .org, in one voice by the dots that stand disconnected otherwise. US.ppl stands completely alienated. An idea when turned over, through a maze of analysts before considered by the CEO led team of experts at a Camp Goliath or some such resorts the incremental cost of the idea is so prohibitive in comparison to the corresponding benefits, that it is thrown in the dust bin. US has expended itself out. No country in the world can afford US Model.

Quotes from Jayaraman Rajah Iyer.

From the web site, Jayaribcm’s Blog.

http://jayaribcm.wordpress.com/2012/11/14/reviving-keynes-animal-spirits-for-your-business/#more-1104

Recently (July 2012) Dr. Manmohan Singh, Prime Minister of India declared “Reverse the climate of pessimism… revive the animal spirits in the country’s economy,” It is indeed surprising the catch-phrase was not made use of all these years and Dr. Manmohan Singh a renowned economist himself had stressed on bringing optimism to his second wave of reforms for revival of Indian economy. Can Animal Spirits be implanted to Indian Economy? What about for Corporate Sector? The note prepared by IBCM© Research is published here with regard to Animal Spirits that John Maynard Keynes stated in the year 1930 and what it means to corporate? ‘Reviving Keynes Animal Spirits for your business –

Measuring by Return on Intangible’ is one that can bring in measurable vibrancy within an organisation. IBCM© Research Consulting shall be the agent of change.

From the web site, Jayaribcm’s Blog.

http://jayaribcm.wordpress.com/2012/09/29/investment-decisions-for-pension-funds-by-intangible-value-capital/

Investment decisions have to go deeper in identifying where to invest so
as to have a long term benefit for both the parties – Investor and
Investee, where Value System takes precedence in measuring to the
expectations. Equity portfolio of the investor will remain the driver to
accelerate towards higher rating by Intangible Value Capital that
measures the value system of the Corporate. Same is true for banks on
credit risks. It is inevitable IBCM© Research’s Intangible Value Capital
would remain as the one foremost Rating methodology necessary for any
investment decision.

From the web site, You Tube. (Click to hear his thoughts on his book.)

Inactivity Based Cost Management by Jayaraman Rajah Iyer  

The theme of the book is: Activity is a Cost Incidence whereas
Inactivity Cost has a Consequence. Inactivity Based Cost Management is
Measuring Intangible: Governance,Ethical & Fiscal Responsibility and
Accountability. Cost Consequence is relevant for only one day, i.e.
today, as a corollary Governance is feasible for only one day, i.e.
today. Inactivity Based Cost Management measures your skills and
energies of Governance, Corporate or Government.

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Offshoring has Destroyed the US Economy (via Suzie-Q's Truth and Justice Blog)

That this actually controversial is astonishing. Nevertheless, you there are countless web sites that argue that offshoring was good for everybody.

Despite it’s negative image in first world countries such as the U.S., offshoring has proven to be beneficial to both the business owner and the country where the services are culled.

I think that this issue is much more of a political issue than a job issue. Jobs exist in the United States. In many fields there are shortages of workers. The offshore resources are filling that shortage in some cases. In other cases companies are saving money by using cheaper resources. By saving money, they are making more which is profitable for their shareholders. Who are their shareholders? Probably each and every one of us. Remember your retirement account?

Then, on Feb. 9, the White House released its annual Economic Report of the President. Buried deep on Page 229 of the report was a paragraph noting the growth of offshore outsourcing by U.S. businesses and suggesting this was basically no different from other kinds of international trade:
“The basic economic forces behind the transactions are the same… . When a good or service is produced more cheaply abroad, it makes more sense to import it than to make or provide it domestically.”

I teach college, specifically business law. When my class began to fill up with former manufacturing workers desperate for some kind of work or work related opportunity, I couldn’t help but notice those were the kinds of jobs that made this community, the jobs that made America. It was those jobs that were leaving.

I’ll let the article make the rest of the argument.

James Pilant

Offshoring has Destroyed the US Economy Nobel Economist Michael Spence Says Globalism Is Costly For Americans Dr. Paul Craig Roberts | Global Research | May 31, 2011 These are discouraging times, but once in a blue moon a bit of hope appears. I am pleased to report on the bit of hope delivered in March of 2011 by Michael Spence, a Nobel prize-winning economist, assisted by Sandile Hlatshwayo, a researcher at New York University. The two economists have taken a careful empirical look at … Read More

via Suzie-Q’s Truth and Justice Blog

Recovery? Another 131,000 Jobs Lost In July

A BBC report spells out how bad the hiring situation is in the United States. On the very dim bright side of the equation, 143,000 of the jobs lost in July were census jobs which were temporary. So part of the job loss was expected. On the exceptionally bad side of the news, not counting the census workers, United States job growth is very, very slow, too slow for there to be a sustained recovery.

American Jobs – Let’s Start Now!

I was reading “The Engineering Ethics Blog” and the author called my attention to an article by Andy Grove which had appeared in Bloomberg. It sounded interesting, so I went and had a look.

(I warn you, I ran across this quote from Grove while backgrounding the column: “You have to pretend you’re 100 percent sure. You have to take action; you can’t hesitate or hedge your bets. Anything less will condemn your efforts to failure.” I became a fan of his at that point, so I am in his corner!)

Andy Grove is one of the founders of Intel, the chip maker. He came to the United States from Eastern Europe, a refugee from the communist bloc. In a lengthy and well written article, he talks about the loss of American jobs and what that means in the long term. Unlikely many who point out problems but have no solutions, he provides a set of solutions as well.

Grove is a visionary and he has become increasingly concerned about the status of the United States. Grove reasons that the United States’ current policy is to allow jobs to go overseas because the jobs created here will be high quality knowledge jobs that pay more and provide more influence. Grove points out that creating one of these jobs is immensely expensive compared to regular jobs and while it is nice to create a few high quality jobs, it’s most unsatisfying when the rest of your population is unemployed.

Grove argues that several Asian countries have careful job creating policies at the national level. He feels we can learn a lot from these nations. In addition, he favors a tax on out sourced products particularly electronics like computers. He admits that this may start a trade war but he says if there is such a war we should plan to win.

I like what he says. I believe he is right and that our nation’s future in disappearing in front of our eyes.

I give you the link to his article here.

Here’s Andy Grove discussing the critical importance of moving transportation from oil to electricity.

I will be talking more about this topic later on. I am struggling with a sinus infection. It’s slowing down my posting.

James Pilant

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