As we do every week, we are going to review what Jeff Sommer talked about last week business world. Last week he mainly talked on unemployment statistics in the United States. Besides that, he went over Hollywood hotels, digital book piracy, and true price of bailouts and limits of cost-cutting.
Last week after announcement of employment bureau of the US relating to unemployment rate in the United States, I thought the effects of global economic crises will be felt for a while. Although, some pep statistics are given by some government agencies such as growth in service sector or labor demand in healthcare education to be though optimistically, we haven’t seen strong indicators yet to convince us about recovery of the economy. Even if the government talks about some measures such as stimulus package to overcome recession, all those measures are seem to be not sufficient enough to solve major problems. Those problems affect the income of actors in economy which result in the reduction of tax revenues. Especially in housing, financial and manufacturing sectors are still in bad condition to be thought optimistic. Since in economy both actors and sectors are tightly interacted with each other, deterioration in one sector affects the others in chain.
Probably employment policy will be the number one issue in 2010 for government and the number of people hired in government will be much higher in 2010 than before. Some factors might be counted for that such as the general census are going to be held due to constitution and political reasons in senate. The important danger and threat for the government is the rise of unemployment rate. People don’t much care about political contention between parties, they are not much interested in things happening far away them but they seriously care about their job guaranty. Their payments for mortgage, health insurance, pensions are directly related to their constant income. If they lost their jobs, life would become unbearable for them.
Another important topic in last week agenda was the digital book piracy. Depending on the internet technology, controlling of products and services provided in internet has become more difficult in the context of intellectual property rights. This issue should be evaluated as not only ethical problem but it also monetary problem of people. Someone gives time and effort to write a book or to compose a song and many people get it from internet without paying anything. Besides people getting those products, some more people who are bad examples even earn money by selling those products. Deciding the level of abuse in ethics is not easy. Someone can say violation of rules is not ethical even if it might be used for amateur purposes and some other can say the selling of those products illegally is not crime.
Source:
http://jeffsommer.wordpress.com/
No comments:
Post a Comment