bladerunner
Banned Idiot
Re: US media claimed: Chinese Premier Wen Jiabao critized the US
Thats where I think trade protection can be handy.So hoping all companies to be socially responsible is like wishing man to thrive in a communistic society. I got 3 words for you: against human nature.
However many companies do in fact see advantages in being seen as socially responsible while others become overly engrossed with the bottom line.Oil Companies and Banks spring to mind.
A couple of yrs ago I read in "Time Magazine" how even in "cut throat" China a power company in Peking/Shanghai? ( Ive forgotten which) was giving discounted or free electricty to the most needy.( I think there was a huge increase in power charges at the time)The numbers involved were thousands.
So unless there has been a complete attitudinal shift, previous studies showing that most people react positively to companies they see as good than to bad companies must still be relevant.
I believe there will always be jobs that don't need an advanced degree in a developed economy. High-tech/science is the first thing on my mind since I'm in this field. If history teaches us anything, we seem to always find ways out of trouble.
Seems like you are relying on hope. I dont see that as an option.
In the West many of the younger people move away from the blue collar jobs or skilled trades because of lack of opportunities.After being bombarded with advice from school counsellors, many see a terrtiary qualification as the key. As a result many of the less scholastically inclined undertake a plethora of college courses that "are as useful as a bull with tits" when it comes to job placement.
Jobless and with the added burden of student debt, it isnt surprising that resentment is exacerbated and directed at the cause of their problems..... loss of jobs to cheaper developing countries.
The possibility of the lowering of standards is ever present with the" bums on seats" policy pursued by many universities. Consequently there are so many people graduating with bachelors degrees , employers in sorting out the wheat from the chaff are hiring people with "masters". just for entry level work. Eg I know people with a masters in computer science doing work where just a few years ago a person with a certified Microsoft diploma was doing.
I'm glad I'm not the only one thinking this way. It sounds like this is an established theory. By what measure is it considered a failure? History shows virtually all developed economy went through the same thing and no current economy has found an alternative method that allows them to achieve the same kind of success. So how did people figure out this theory is a failure???
I dont know whether it would be a universal thing or not, but social economists in NZ had determined that expected trickle down was not happening. It was illustrated by the increasing economic disparity between the classes.
and people with wealth, rather than being "a big fish in a small pond" went off overseas for business ventures.
So while trickle down may work in the developing world, it doesn't always appear to be the case in countries with a 1st world economy that need a bit of fixing.
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