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Contents contributed and discussions participated by Thomas Iida

Thomas Iida

Interview with Graphic Designer Bill Antkowiak - 0 views

  • I have good things to say about graphic design. It's turning out to be a really awesome field to be in right now. I've read many articles about jobs being sent overseas, but it seems that graphic design will remain in the country. There are so many products out there, saturating one or many marketplaces, and every company wants to have a point of difference from the other. That's where we designers come in. You kind of have to be face to face, though like with my job, location is becoming more and more flexible.
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    What other advice can you give to prospective students thinking about an education and career in graphic design? I have good things to say about graphic design. It's turning out to be a really awesome field to be in right now. I've read many articles about jobs being sent overseas, but it seems that graphic design will remain in the country. There are so many products out there, saturating one or many marketplaces, and every company wants to have a point of difference from the other. That's where we designers come in. You kind of have to be face to face, though like with my job, location is becoming more and more flexible. Many small businesses start out working in the owner's house, and then expand.
Thomas Iida

Outsourced: Apple & 500,000 Jobs | Outsaurus.com - 0 views

  • 920,000 jobs That’s the number of employees Foxconn has as of 2010. You might not have ever heard of Foxconn however We’ll bet you’ve bought some of their stuff before. Yea. In one campus….ONE CAMPUS. Foxconn has 300,000to 450,000 workers which are employed in Shenzhen China at the Longhua Science & Technology Park, a cramped, walled campus  sometimes referred to as “Foxconn City”or “iPod City”. Covering about 1.16 square miles (3 square km),it includes 15 factories, worker dormitories, a swimming pool, a fire brigade,and a downtowncomplete with a grocery store, bank, restaurants, bookstore, and hospital. While some workers live in surrounding towns and villages, others live and work inside the complex, which broadcasts its own television network, Foxconn TV.
Thomas Iida

American Jobs: Going, Going... - 0 views

  • Corporations are escalating efforts to ship out jobs that pay well and build the middle class—and now they are aiming their axes at workers in the nation’s fast-growing white-collar sector.
  • The U.S. economy has 3.2 million fewer jobs today than it did when President George W. Bush took office, including 2.5 million fewer manufacturing jobs.
  • In the past three years, nearly one in five U.S. workers was laid off from the job, according to The Disposable Worker: Living in a Job-Loss Economy, a Rutgers University¡V University of Connecticut report released in late July. Among workers laid off from full-time work, roughly one-fourth were earning less than $40,000 annually, the report finds.
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  • n July, a total of 15 million U.S. workers were either unemployed, underemployed or too discouraged to job hunt, according to the Labor Department.
  • American jobs sent out of the country aren’t likely to return anytime soon. “As long as employers can take advantage of much lower labor costs in other countries, there’s no compelling reason to bring back many of these well-paying jobs,” says Ron Hira, an engineer and assistant professor of public policy at Rochester Institute of Technology. “Policymakers seem to be at a loss as to what to do about this problem.”
    • Thomas Iida
       
      GREAT QUOTE "Companies used to provide jobs for people, but now they're just there to give money to executives, board members and sharholders."
  • Ask anyone which sector of the U.S. economy comes to mind as the most likely to be shipped overseas, and chances are he or she will say manufacturing.
  • racing to outsource white-collar jobs—including work in computer sciences, engineering, entertainment, financial and medical services—to countries where workers earn far less.
  • Terry Antisdel was a Chicago-area engineering associate for Lucent Technologies Inc. and its predecessor AT&T for 35 years until his entire 42-member International Federation of Professional and Technical Engineers Local 81 was laid off in July. He figures his job will end up in India or China. “The words management used were a 'less-expensive offshore site,’ ” recalls Antisdel, who estimates Lucent will send a total of about 5,000 U.S. jobs offshore this year. “I feel let down,” he says. “Companies used to provide jobs for people, but now they’re just there to give money to executives, board members and shareholders.”
  • Multinational corporations are transferring jobs to countries where workers earn low wages and have few or no protections. And small U.S. businesses are laying off workers or shutting their doors because they can’t meet foreign competitors’ prices.
  • A Forrester Research study predicts U.S. employers will move about 3.3 million white-collar service jobs and $136 billion in wages overseas in the next 15 years, up from $4 billion in 2000.
  • The jobs already are leaving. By the end of this year, General Electric will have sent a total of 20,000 aircraft and medical research and design jobs to India and China, according to Business Week. And the Accenture consulting firm, which incorporated in Bermuda after splitting from Enron accountant Arthur Andersen, plans to send 5,000 accounting and software jobs to the Philippines in 2004, the magazine says.
  • Microsoft plans to eliminate at least 800 full-time call-center jobs near Dallas and shift the work to India and Canada in the next fiscal year. It would be the largest one-time firing of full-time Microsoft employees in the company’s history. WashTech says a Microsoft senior vice president recently urged company managers to “pick something to move offshore today,” though Microsoft publicly has repeated it will not lay off U.S. workers and send the jobs offshore.
  • Workers in low-wage jobs frequently are labeled as lacking skills and in need of training to move into better-paying positions. But while education is a traditional route to higher pay, Shulman contends no job is inherently low wage.
Thomas Iida

Globalization (Stanford Encyclopedia of Philosophy) - 0 views

  • synonym for one or more of the following phenomena: the pursuit of classical liberal (or “free market”) policies in the world economy (“economic liberalization”), the growing dominance of western (or even American) forms of political, economic, and cultural life (“westernization” or “Americanization”), the proliferation of new information technologies (the “Internet Revolution”), as well as the notion that humanity stands at the threshold of realizing one single unified community in which major sources of social conflict have vanished (“global integration”).
Thomas Iida

IMF Survey: IMF Study Tracks Which Firms Go Global - 0 views

  • Firms that raise money from overseas capital markets tend to be from larger countries with more open economies and better policies but with worse institutional conditions, according to an IMF study.
  • The study finds that financial integration has increased substantially but the benefits are widely shared by all firms.
  • Another view holds that better domestic environments can increase the attractiveness of firms to investors, especially foreign ones. Investors able to invest globally will generally offer larger amounts of external financing and lower cost as firms' host country fundamentals improve. Thus, better domestic fundamentals lead to more use of international capital markets under this view.
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  • Firms have many incentives to tap global markets, including lower cost of capital and better terms, access to wider investor bases, and the potential for more liquid securities. But while most studies find that internationalization yields some benefits for firms, analysis of which firm characteristics matter for internationalization has been sparser.
Thomas Iida

Globalization - 0 views

  • Recently, the pace of global integration has dramatically increased.
  • made the world more interdependent than ever.
  • Along with products and finances, ideas and cultures circulate more freely. As a result, laws, economies, and social movements are forming at the international level.
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  • Globalization creates new markets and wealth, even as it causes widespread suffering, disorder, and unrest. It is both a source of repression and a catalyst for global movements of social justice and emancipation.
  • Globalization expands and accelerates the exchange of ideas and commodities over vast distances. It is common to discuss the phenomenon in highly generalized terms, but globalization's impacts are often best understood at the local level
Thomas Iida

Issues Brief - Globalization: A Brief Overview - 0 views

  • Economic "globalization" is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. There are also broader cultural, political, and environmental dimensions of globalization.
  • The value of trade (goods and services) as a percentage of world GDP increased from 42.1 percent in 1980 to 62.1 percent in 2007. Foreign direct investment increased from 6.5 percent of world GDP in 1980 to 31.8 percent in 2006. The stock of international claims (primarily bank loans), as a percentage of world GDP, increased from roughly 10 percent in 1980 to 48 percent in 2006.1 The number of minutes spent on cross-border telephone calls, on a per-capita basis, increased from 7.3 in 1991 to 28.8 in 2006.2 The number of foreign workers has increased from 78 million people (2.4 percent of the world population) in 1965 to 191 million people (3.0 percent of the world population) in 2005.
  • Perhaps more importantly, globalization implies that information and knowledge get dispersed and shared. Innovators—be they in business or government—can draw on ideas that have been successfully implemented in one jurisdiction and tailor them to suit their own jurisdiction.
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  • The growth in global markets has helped to promote efficiency through competition and the division of labor—the specialization that allows people and economies to focus on what they do best. Global markets also offer greater opportunity for people to tap into more diversified and larger markets around the world. It means that they can have access to more capital, technology, cheaper imports, and larger export markets. But markets do not necessarily ensure that the benefits of increased efficiency are shared by all.
  • Trade promotes economic resilience and flexibility, as higher imports help to offset adverse domestic supply shocks. Greater openness can also stimulate foreign investment, which would be a source of employment for the local workforce and could bring along new technologies—thus promoting higher productivity.
Thomas Iida

IMF Survey: Right Fiscal Policies Can Help Fight Income Inequality - 0 views

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    IGNORE THIS ONE, NOT EVEN SAME TOPIC..
Thomas Iida

India: Linked or De-linked from the Global Economy? « iMFdirect - The IMF Blog - 0 views

  • Although India’s economy has generally been less prone to external forces than many others, we still need to contend with the larger than typical risks in the global economy. These risks harken the need for a new wave of reforms.
  • In our latest Regional Economic Outlook for Asia, we expect India to grow by about 7½ percent in 2011 and 2012, only marginally below its estimated potential. Even within Asia, India does relatively well in this world.
  • India is less open to international trade than most other economies in the region. In particular, its rural consumption is fairly insulated from the world economy. More importantly, India’s exports are less dependent on advanced economies,
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  • India’s exports are more diversified—both geographically and in terms of the products it sells—than its neighbors and competitors.
  • In this scenario, India has to remain focused on the challenge of elevated inflation.
  • India has become more financially integrated with the global markets than commonly thought. We saw this in 2008, when India’s financial markets came under considerable pressure and investment became the main transmission channel, dipping substantially. To give another example, India’s stock market is one of the most correlated in the region with the VIX, a measure of market expectations of near-term stock market volatility and hence a good indicator of global risk aversion.
  • inflation remaining above the Reserve Bank of India’s comfort zone.
  • shift the composition of budgetary expenditures away from untargeted subsidies (such as those on fuel and fertilizer) and toward infrastructure, health, and education will help in both dimensions
  • The strength of domestic demand was, in large part, India’s saving grace when the crisis hit.
Thomas Iida

Globalization of the Economy - 1 views

  • Advances in communication and transportation technology, combined with free-market ideology, have given goods, services, and capital unprecedented mobility. Northern countries want to open world markets to their goods and take advantage of abundant, cheap labor in the South, policies often supported by Southern elites.
Thomas Iida

Offshoring - outsourcing to extreme - 1 views

  • Next they discovered that they could shed even core functions by hiring them out to companies that could do them more efficiently and, thus, less expensively.
  • Companies were hired to do collections, customer call centers, and employee benefits. Collectively, this was called outsourcing.
  • . Both companies, the service provider and the client, profited from the arrangement.
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  • Companies began outsourcing work to the lowest bidder and lost sight of the effect it had on the company except for finances. Outsourcing this work to "foreign" or "offshore" companies, solely to take advantage of lower labor rates in those countries, became known as offshoring.
Thomas Iida

Outsourcing: An American Tragedy - 0 views

    • Thomas Iida
       
      very opinionated paper
  • claiming that moving jobs overseas is necessary for them to make a profit.
  • She has to train her Indian replacement, and a few in her department must go to India to train their replacements in order to get their severance pay. What is this country coming to?” (Dobbs 164-165).  
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  • inexpensive high quality labor
  • I am an ex-banker with thirty-eight years in that field. My bank outsourced many jobs overseas.
  • crippling the future economy of the United States
  • the more we must depend on other nations for our goods and services
  • feel very strongly that it is important to our economy, whereas American workers, who are constantly losing their jobs, and retirement savings because of outsourcing, feel very strongly that we must put an end to it.
  • outsourcing much of their computer work to India
    • Thomas Iida
       
      Loophole: if try and take away the trade laws, labeled as "protectionist" action
  • urcing jobs in the medical and tax fields, we leave vital data about Americans in the hands of people who do not have any laws against sharing it with others (Dobbs 36). In the long run, by importing more than we export we are increasing the national deficit. According to Ro
  • fewer tax dollars in our system. This means that there will soon be “no tax revenues to fund our education, health, infrastructure, and social security systems”
  • Outsourcing involves moving a job from one place to another in order to save money. Recently, in America, large companies have been hiring workers in second and third world countries because the cost of labor is much less expensive in areas outside of America. Although this saves large corporations money on labor, its impact on the United States economy is devastating
  • bring their money back in to the country at a tax rate of 5 percent rather than the standard corporate tax rate of 35 percent
  • who deserve that money in their tax system
  • We must put laws in place that penalize companies from building up money in offshore accounts.
  • any action that we take to stop our trade deficit is labeled as a “protectionist” action.
  • we leave vital data about Americans in the hands of people who do not have any laws against sharing it with others
  • “My government is helping Americans who have lost their jobs get new skills for new careers. And we're helping to create millions of new jobs in both our countries by embracing the opportunities of a global economy” (United States, Office of the Press Secretary)
  • Outsourcing can only be a success if each worker that loses a job in America is given a better job to do; because American workers are not being redeployed the outsourcing movement is unsuccessful (Hira). A lesson that we must learn from the Reagan administration is that it is not “protectionist” to set boundaries on our trade agreements. Our government must step up and protect our workers, regardless of how it looks in the eyes of the World Trade Organization; we must step up and demand this from our government
  • we must have high paying, advanced jobs in this country
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