ipl-logo

The Key Role Of Working In Modern Society

1680 Words7 Pages

Working in Modern Society There have been many significant changes throughout the modern age of America; this can be especially seen in the economy. Starting in the 1980’s there have been three significant changes that have played a key role in the reconstruction of the US economy, these are: New Technologies, Globalization, and a move to a knowledge based economy. These changes have occurred from a marginal and general perspective, therefore, this now accounts for the overall reform of working in a modern society. A Knowledge based economy is defined as, "Production and services based on knowledge-intensive activities that contribute to an accelerated pace of technical and scientific advance, as well as rapid obsolescence. The key component …show more content…

The knowledge based economy would work on its own but with the incorporation of globalization it has advanced in its authority. Ultimately, globalization is intended to expand and increase the economic integration which will make for an increase in investment and trade. Globalization accounts for all aspects of life, whether it is political, cultural, etc. Globalization is ensuing a borderless world, a protracted area where everybody is given the freedom to share ideas, opinions and innovations, with this come an enormous amount of possibilities. Sharing ideas has allowed for the hunt of new ones, creativity is developed and knowledge is heightened to new levels. Thus, proving that it is a boost to the US and its knowledge based …show more content…

These changes have not only had an effect on the economy but even more so with the people who are in it. An example of this rise in the new economy is the need for people to go to college, with a higher education comes a better future. A college degree can help give someone an advantage over others that are in the job market. A different example of this would be outsourcing, this is where a company uses labor outside of their company, usually in places like Asia. This is done to reduce the expense of labor for their parts and the hiring costs involved. “…Knowledge and information tend to be abundant; what is scarce is the capacity to use them in meaningful ways. Nor is knowledge easily transformed into the object of standard economic transactions. To buy knowledge and information is difficult because by definition information about the characteristics of what is sold is asymmetrically distributed between the seller and the buyer. Some kinds of knowledge can be easily reproduced and distributed at a low cost to a broad set of users, which tends to undermine private ownership. Other kinds of knowledge cannot be transferred from one organization to another or between individuals without establishing intricate linkages in terms of network and apprenticeship relationships or investing substantial resources in the codification and transformation

Show More
Related
1393 Words | 6 Pages

  The other major factor was the expanding population by immigrants and large families. The third major factor is new inventions such as motor vehicles. Since the changing economy many workers responded in different ways such as organizing unions, boycotts, strikes

Read More
602 Words | 3 Pages

Prior to the nineteenth and twentieth centuries, most of the nation was made up of farmers. After the time of the industrial revolution, things started to change. For example, more people moved to cities and urban areas. Instead of most of the nation being comprised of farmers, there were more job

Read More
1078 Words | 5 Pages

The way of life and the different aspects on daily life was changed in some form of way. Two of the obvious changes were population growth and the average income. These benefits brought about changes with new inventions. A transition to new inventions and manufacturing processes brought about more jobs in different industries.

Read More
277 Words | 2 Pages

The United States was transformed into a more industrialized and urbanized society. This led to the rise of a new class of industrial capitalists who wielded significant economic and political power. The North, where the industries were more developed, had a different economy from the South,

Read More
941 Words | 4 Pages

The period of time after the Civil War and before World War I was a period of tremendous change in America. Although immigration is a major tenet of the United States, due to the changing economy, improvements in transportation, a shifting of the American people to the city, and deepening class divisions, industrialization was the most powerful force shaping the country between 1865 and 1914, followed by urbanization, and finally immigration. The most noticeable effects of industrialization are changes to the economy, alterations in the distribution of wealth, and the rise of organized labor. Overall, the growth of industry raised the standard of living for most people.

Read More
438 Words | 2 Pages

The New Deal improved unemployment rates, which is critical for the economy. Millions of Americans were left out of work because of the Great Depression. Having a job is important because when you have a job, you get paid money. With this money, people can spend it on products bought from certain businesses. This helps the businesses thrive (the economy thrive).

Read More
380 Words | 2 Pages

He includes how vastly the economy has been effected

Read More
1958 Words | 8 Pages

As a result of the New Deal, unemployment and poverty levels lowered alongside the economic difficulties of the American people. During the New Deal era, the legislation raised government spending and regulation to new heights strengthening the government's control over the economy. One can only imagine how the economic state of the U.S. would have been if not for the fierce opposition and disregard for the real issues at hand led by the Republican Party. Change could have came at a quicker pace but sometimes the best things for the country will always be the hardest to achieve. Regardless of what happened, progress was advanced and prosperity was beginning to impact the U.S. citizens on a greater scale.

Read More
487 Words | 2 Pages

In the newly industrialized market economy, people did not work for families or for their local communities; Instead they started to work toward technology

Read More
816 Words | 4 Pages

Moreover the workers have better wages and greater security, and people can get jobs more easily than before because there are more manufactories. It is true that there are more jobs opportunely and better wages, but it is not same for the security. The work mans in the modern world are working much harder than before and the risk rate has been increased. In the

Read More
933 Words | 4 Pages

The transition to machine producing factories changed America completely. The Industrial Revolution and the Lowell system impacted America by creating opportunity for the rise of the working class, an expansion of the workforce, and the achievements of labor unions. The Industrial Revolution gave room for the social emergence of the working class and a new opportunity for self-independence among Americans. Before the Industrial Revolution, people had to be trained in a special field and worked in that field.

Read More
729 Words | 3 Pages

ities in the late 1800’s had very dramatic changes during the industrial revolution, these changes were both positive and negative and had many effects towards the future. Some negative effect would be: hard labor, danger of working in the factories & strikes. The positive effects would be: steel production, & cities were rebuilt. The industrial revolution did not only change how people worked but where they worked since colonial days most Americans have lived & worked in rural areas in the late 1800’s lives of more people began to move to cities to find jobs.

Read More
775 Words | 4 Pages

The number of minimum wage jobs available have decreased but so have the number of professional jobs. This is due to the fact that immigrants usually do not have a middle class with average skills. They are either refugees escaping their country hoping for the U.S. government to help them out or they are highly skilled and trained professionals needed by the United States. This has led to an economic

Read More
1127 Words | 5 Pages

Introduction Nowadays people can communicate easily. They can share their ideas, their cultures even with people who are not in their countries. They can trade, transporting products around the world in just a few days. This is a big economy where everything related to each other. This is globalization.

Read More
1062 Words | 5 Pages

4.0 Implementation 4.1 Broader perspective Globalization is affected by various factors that drive towards its existence and formation in the society and a set of these macroeconomic factors. As per this analysis we can get an overview of the current economy of the country that helps the researcher to make relevant suggestions and recommendations that can benefit the economy as well as society to make them believe and trust that the globalization enhances their behaviour and life style. PEST Analysis: Source: Visual.ly website PEST Analysis of Saudi Arabia Political environment Giddens and Griffiths (2006, p. 59) states that mainly there are three reasons why politics has become one of the main drivers of globalization.

Read More

More about The Key Role Of Working In Modern Society

Related Topics

Open Document