Sustainable Job Creation

It is becoming more and more difficult to find a job in the United States. Everything from retail products to healthcare services are being outsourced to foreign countries. The companies have to pay less to produce their product, but that leaves millions of Americans without jobs. At the same time, Americans are looking for “more value for the money” (Gamble and Thompson Jr.) If you don’t have a job, how are you going to pay for the product that the company who ‘downsized’ is producing?
I think it is going to take some time for Americans to re-establish work. Maybe, instead of trying to get millions of people hired all at once, companies should look to hire a few employees at a time. This will give people jobs, which means the people get paid, and they put that money back into our economic system. People are cut from their jobs, have to go on unemployment, and they ask for government assistance. The end of this cycle is that despite their willingness to work, they cannot find a job.
Gamble, J., & Thompson, A. (2011). Essentials of Strategic Management. The Quest for Competitive Advantage. New York, NY: McGraw-Hill Irwin.

Today’ economy is in utter shambles. I read your post and watched the President’s plea to congress (which I had not watched previously) with great interest. Globalization has become an integral part of the world wide economy. One of the main problems with current plan is the fact that businesses in the US pay one of the highest corporate tax rates in the world at 35%. Japan, is the only country with a higher tax rate at 39.5% (U.S. Business Has Higher Tax Rates but Pays Less, 2011) however, they recently announced a possible 15% decrease on their corporate taxes. That will leave the US with the highest corporate tax base in the world. Having economic prosperity and high quality of life for Americans is possible, but I think there are better ways to go about it than throwing money at the problem with, from the President’s speech, sound to be temporary. For example he mentions construction jobs and new infrastructure initiatives. What happens when those projects are completed? Do we create new projects that will cost tax payers even more money just to keep those folks employed? One fear I have with regards to this is the fact that Washington seeks to be simply printing money to pay our bad debts and implement new social programs. I fear this will devalue the dollar. When the dollar stops being the def currency in word wide trade what is going to happen to our economy and our ability to have a good quality of life?
“Pass this bill… right away…” I was going to stop the video if the President said that one more time. I’m just kidding of corse, however, this speech seamed, to me, that the President was saying look at me America, I’m trying to do something good for you but I just can’t get Congress to pass it…
I’d like to end this reply with a simple question… with a trillion plus dollar deficit (and growing) does the country really need a 400 plus billion dollar jobs program that is unproven? How will this initiative be paid for? Even with the cuts requested by the President, the country has so much debt there is really no realistic way to pay it back.
U.S. Business Has Higher Tax Rates but Pays Less. (2011). U.S. Business Has Higher Tax Rates but Pays Less. Retrieved from http://www.nytimes.com/ 2011/05/03/business/economy/03rates.html

More countries are wealthier today and less are in poverty. More countries will be able to sustain themselves instead of U.S. dollars sustaining them or defending them.
Creating jobs and developing new industries is an exciting task. The markets that have opened up are wide open for all of us to pry into. I don’t think it is the corporations that have gone overseas (for many corps. that is an advantage, many will never leave the U.S) that we should be worried about taking our jobs with them. I think it is technology that has taken most of our jobs. The advances in technology have literally wiped out entire industries evaporating millions of jobs in the U.S. and set to wipe out even more.
Examine where the jobs are that can’t be replaced by technology. Isolating these areas and pouring our resources into them will help America gain competitive advantage in new inventions and product development. Stop making global corporations a scapegoat; examine competitive strength to key rivals globally. “Effective strategic management requires understanding of organizational resources and competencies as well as how each contributes to formation of organizational strengths and ultimately to the development of a competitive advantage.” (www.jstor.org)
J. Duncan, P. Ginter, L. Swayne, Competitive Advantage and Internal Strength Assessment
http://www.jstor.org/action/showArticleImage?image=images%2Fpages%2Fdtc.8.tif.gif&doi=10.2307%2F4165473

I believe the most important factor in restoring our economy is the creation of jobs. Different political parties have different ideas and theories on how to create these jobs. Some believe taxes should be raised while others believe they should be cut; some believe the government should create more jobs and others believe the private sector should create more jobs. We have also lost thousands and thousands of jobs to cheap labor overseas, but can you blame them? There’s no doubt that bringing these jobs back home would drastically help our economy but at what cost. Would the higher labor caused by producing these domestically cause the price of these products to sky rocket? Would the companies be able survive if they have to raise the prices of their goods? There’s no doubt that bringing these jobs home would help the unemployment rate, but can we do it in a way that is competitive with these other countries. Additionally, I am for whatever helps the economy, but I would tend to lean toward the creation of private jobs opposed to government jobs. I know that some government jobs cannot and should not be taken away such as military, national security, etc. but it seems to me the private sector is more logical than the government sector. The private sector essentially creates its own wealth which is then taxed by the government. Government jobs are essentially paid for by the tax dollars of individuals and the private sector. It seems to me that the government is essentially dependant on the private sector for money; in a time when we have a huge national debt why not try and increase the private sector. This would bring in more true tax dollars to the government .

Yes, I believe that U.S. businesses dealing with globalization and hypercompetition can achieve economic viability and a good quality of life at the same time for U.S. citizens. Therefore, leaders must understand how to best evaluate its internal situation, resources and capabilities and take actions as soon as possible. A good start might be solving the illegal immigrants’ workers whose do not get fair payment, consequently decreases the quality of life of people living in the U.S. Also, they compete with U.S. citizens job seekers. Finally, several of them save as much money as possible in order to send to their home countries, as a result they do not pay taxes and the money do not get back in the U.S. economy.

It is possible to achieve economic viability and a good quality of life at the same time for U.S. citizens. However, I do not feel the situation is probable anytime in the near future or think that throwing more American tax dollars at the situation will help. Corporations have way too much to lose in profitability in the short term to move any of their outsourced operations back to the U.S. Corporations like to lower production costs and increase revenue in any way possible. Gamble and Thompson (2011) state, “Companies that build production facilities in low-cost countries…have a competitive advantage over rivals with plants in countries where costs are higher” (p. 139).
We can improve the infrastructure by taking the tax burden from strictly the lower and middle classes and expand it evenly amongst all classes. We could then cut out a lot of the corporate tax loopholes that exist. Next, businesses could create apprenticeship and internship programs to train people in a profession at minimum wage as a part or full-time worker. The workers would then be better prepared to enter his or her profession with previous experience. Companies could slowly bring back their operations to the U.S. to help build the part and full-time worker infrastructure of the U.S. labor force. This in turn would boost our economy, cut into some of the gigantic profits of the huge corporations, create more tax revenue from companies being unable to evade the taxes, and provide working opportunities for the unemployed.
Gamble, J. E., & Thompson, A. A. (2011). Essentials of strategic management: The quest for competitive advantage. New York, NY: McGraw-Hill/Irwin.

I believe that globalization is in no way detrimental to the economic viability of neither the United States nor any other nation. Globalization and hypercompetion, I believe, only encourage countries and organizations to “step-up” their game and generate higher quality products, profits and satisfied consumers without border lines that limit their markets. If our economy is currently suffering a recess, we only have ourselves to blame. We ought to look back at the past to discover what we have done right or wrong while at the same time focusing on the future to decide how to apply that knowledge and pick up the slack. “Through these increases in trade and financial flows, countries have experienced increased level of economic growth over time that has contributed to the world standards of living”(Prithiviraj, 2009).
Moreover, the creation of jobs, mainly in the private sector, with government cooperation in the development of small businesses seems to me like a reasonable approach to increase revenues and taxable income.
Prithiviraj, S. (2009). Impact of Globalization on economic growthm quality of life, external stability on market economies.

The current status quo of our national economic crisis is in part to legal driving forces pushing labor in manufacturing outside the country. Business will always follow the path of least resistance or reducing operational costs. The current atmosphere in business is driven by managing Porter’s driving forces. In contrast to Porter, a paradigm shift is the implementation of Blue Ocean Strategies in which a corporation negates the competition by moving into new markets with unopposed competition to reap profits by increasing value while minimizing cost of ownership. The most impressive Blue Ocean Strategy was the innovation of the Model T by Henry Ford. Automobiles were once reserved for the aristocratic elite and carried an aura of pretentiousness. Ford, made a car that could be manufactured at a low cost that every American could afford, while using technology from the meat packing industry to lower the cost of manufacturing. Fords Blue Ocean Strategy formed an industrial revolution that spawned more jobs that can be accounted for and numerous correlated industries, In addition, Ford’s market share surged from 9% in 1908 to 61% in 1921, and by 1923, a majority of American households had a car.
It is this paradigm shift in business theory that will provide jobs for the masses in America.
W. Chan, K., & Mauborgne, R. (2005). Blue Ocean Strategy: FROM THEORY TO PRACTICE. California Management Review, 47(3), 105-121. Retrieved from EBSCOhost.

A more lighthearted vision of things to come in the future in terms of sustainability can be found here:
http://www.unplggd.com/unplggd/the-home-of-2020-infographic-147833
Pretty Interesting!

Unfortunately I fill that this post is indirectly addressing one of major problems with this country by stating, “Worried U.S. citizens look to their government and/or business leaders for job creation”. What happen to the America in which its citizens looked upon themselves to create jobs and raise their own quality of life? Is it not in this idea in which our basic principles were founded? American’s are too often looking for someone else to fix their problems, instead of addressing their own. Although I am embarking on my own path with this post and not directly answering the question at hand, I feel compelled to do so. With this I often reflect on the words so eloquently spoken by John F. Kennedy, “Think not what your country can do for you but what you can do for your country”, within this simple statement Americans should see the clear path to economic viably and the way to increase their quality of like through the works of its citizen and not through government reform. As Ronald Reagan simply stated, “government is not the solution to this problem government is the problem”.

KEEP 199 WORDS INITIAL 12/6/11 (original post 9/17/11)More countries are wealthier today and less are in poverty. More countries will be able to sustain themselves instead of U.S. dollars sustaining them or defending them.
Creating jobs and developing new industries is an exciting task. The markets that have opened are wide enough for all of us to pry into. I don’t think it is the corporations that have gone overseas (for many corps. that is an advantage, many will never leave the U.S) that we should be worried about taking our jobs with them. Technology that has taken most of our jobs. Advances in technology have wiped out industries evaporating jobs in the U.S. and set to wipe out more.
Examine where the jobs are that can’t be replaced by technology. Isolating these and pour our resources into them will help America gain competitive advantage in new inventions and product development. Stop making global corporations a scapegoat; examine competitive strength to key rivals globally. “Effective strategic management requires understanding of organizational resources and competencies as well as how each contributes to formation of organizational strengths and ultimately to the development of a competitive advantage.” (www.jstor.org)
J. Duncan, P. Ginter, L. Swayne, Competitive Advantage/Internal Strength Assessment
http://www.jstor.org/action/showArticleImage?image=images%2Fpages%2Fdtc.8.tif.gif&doi=10.2307%2F4165473