Labor demand is mostly dependent on the development and labor intensity across various sectors within the domestic as well as the global economy. However, studies indicate that a decreased permanent job opportunity compared to the whole supply of labor pose a great challenge for the youth living in developing countries (Save the Children...
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Karl Marx and the Capitalist Mode of Production Karl Marx provided very succinct and undeniable evidence and arguments about the capitalist mode of production whose roots are ingrained in the ideologies of political economy. He notes that despite the political economy failing to adequately and confidently convince nor define the capitalist...
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In the volume "The division of labor in the society," Durkheim recognizes that the concept of work division if common across all communities in the world. The main aim of the author in writing this book is to identify why division of labor is universal. Durkheim notices that as a community...
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Sweatshops in Developing Countries Sweatshops in most developing countries are the most viable sources of income considering the standards of living and the unemployment rates. However, it has been discovered that most of these shops expose the workers to poor working conditions and other exploitations which need to be worked on....
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Stephan Resnick and Richard Wolff, "The Economic Crisis: A Marxian Interpretation. This research paper frames the discussion about capitalist crisis in the United States around the matters of exploited workers, wealth distribution, the injustices arising from the issues and the consequences they have on the economic system. Resnick and Wolff...
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In the article “Blue Collar Brilliance,” Mike Rose comprehensively elaborates the relationship between intelligence, work, and social class. The author starts the article by offering real-life examples of close family individuals who were involved in blue-collar jobs. Rose further presents his arguments logically by supporting them with examples. Notably, the...
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The author explores autonomous car on its benefits, impact, cost and transportation planning issues in the future. The author explores the development of the self-driving cars and their adoption in the society as a result of technology advancement. The author also highlights the benefits, challenges as well as their impact...
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Capitalism is a system of the economy in which the entire trading and associated business activities of a particular country are majorly controlled by the private sector at the expense of the peoples’ time and labor that is of the essence towards industries. The system is different from other economic...
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Robert Henderson's Vision for General Electric Robert Henderson’s realization that one person could not fulfill General Electric’s goal came at the best moment when he was tasked with opening a new factory in Durham. It is true that the company’s investment of $1.5 billion was quite a huge sum of money...
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Book Review: First Entrepreneur by Edward G. Lengel Edward G. Lengel, First Entrepreneur: How George Washington Built His – and the Nation’s – Prosperity. Boston: Da Capo Press, 2016. Vii + 280 pp. $26 (hardcover), ISBN: 978-0-306-82347-3. Bibliographical Information Bibliographical Information: Edward "Ed" G. Lengel is an American writer and a Military Historian...
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In 2015, Volkswagen shocked the globe with the "Dieselgate" scandal In 2015, Volkswagen shocked the globe with its response, admitting to having violated the Clean Air Act concerning "clean diesel". A scandal that the US-based Environmental Protection Agency's (EPA) equate being similar to the Watergate scandal which forced the President of...
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Arbitration is a system of dispute resolution whereby warring parties voluntarily agree to refer the dispute to an impartial third party for resolution. Both parties agree in advance that the arbitrator’s decision is final and binding. The arbitrator’s determination is based on the examination of evidence and arguments forwarded by...
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