Social Networking Recruitment Processes

Question: Discuss about theSocial Networking for Recruitment Processes. Answer: Introduction Social media, nowadays, is an emerging trend and possess the biggest influence on the personal and professional lives of the individuals. It has become the important part of shopping, education, electronic mails, and business tool. Social media is found to be the most influential medium in the organizational practicing. Hence, in this assignment, the main focus will be investigation of different parameters that impacts the usage of social networking on the organizations, as well as, the individuals. The different aspects of social networking on the individuals, businesses, and society will also be described along with the pros and cons of the social networking usage. The Internet has offered a paradigm for the purpose of communication, as well as, has empowered a large number of individuals to network socially and communicate beyond the boundaries of the geographical proximity. There has been a movement of social networking sites from a niche process towards the mass adoption. The social networking sites are used as a platform for recruitment by the employers and sharing information by the employees. How right is the use of social networking sites by the individuals for the business purpose and to what extent they can use and share the information is the main purpose of this essay. It has been observed that online websites for social networking have gained popularity, especially amongst the youths. Facebook is seen to be the most popular and used social networking site, which lets individuals connect with the friends, family, and acquaintances. It has been found that social networking sets are most used websites by the people after the search engines. As social networking sites are progressing and becoming popular day by day, various employers are utilizing the sites for their hiring processes and taking advantage of them (Brown and Vaughn, 2011). The organizations are observed to use these sites for checking the background of the people who are their applicants. As the popularity of Facebook is increasing, so has the employers number for using Facebook as an assessment tool for hiring the job candidates. It has been observed that the primary reasons for using Facebook for examining the applicants is the large number of resumes generally obtained for the open p ositions, as well as, the ability of gaining knowledge about the candidates in an easy manner. However, the usage of the social networking sites for hiring purposes can become a risk for the job seekers (Drouin et al., 2015). As per the US survey consisting of 2,667 human resource professionals, about 45 percent of the HR professionals check the social networking profiles of the job applicants before hiring (Broughton et al., 2009). Moreover as per the CareerBuilder survey 2013, which was conducted online in Canada and the United States, the polling of 5,518 job seekers, as well as, 2,775 hiring professionals was done. The results showed that around 44% of the professionals research the applicants on the Facebook, and about 27% monitors the Twitter accounts of candidates before hiring. Based on the screening of the social networking profiles and data available online, about 70% of the recruiters were found to reject the applicants in the United States (Hazelton and Terhorst, 2015). The reason for rejecting these candidates were more based on their lifestyles concerns instead of employment information. The utilization of the data available about the candidates for making decisions regarding his/her recruit ment is illegal as per the Fair Work Act and Privacy Act in Australia (Kramar et al., 2014). There are various privacy issues related to the use of social networking sites as a source of recruiting or short listing the candidates. The utilization of the personal information and content by the organizations without the consent and idea of the candidate raises the privacy issues. Moreover, it can affect the job seeking status of the candidate without his/her knowledge of the social networking the reason for rejection (Bohnert and Ross, 2010). The research have also shown that besides the usage of social networking sites as a screening tool for the job applicants, employers are found to increasingly monitor the online activities on the social networking sites of their current employees (Mikkelson, 2010). On the other hand, the employees were found to share the information related to their work on their social networking profiles. Sometimes the comments or information shared by the employees can adversely affect the organization and can breach the privacy of the organizations (Fox and Moreland, 2015). For instance, the United Kingdom electronics retailer called HMV in January 2013, laid off large number of staff members along with the online marketing, as well as, social media planner of the company, who was involved in live-tweeting her and the dismissals of other employees (Ladbury, 2013). The use of the social sites by the employers and the employees raises privacy issues. As there is invasion of privacy in both the case s, which can lead to the adverse circumstances. As for employees, screening of their profiles and utilizing it as a reason for their dismissal or rejection, and for the organizations, any negative comment or feedback about the organization can affect the reputation of the organization (I.Powale and D. Bhutkar, 2013). Though the employees, mostly the youth, feels that it is their right to share what they want on their profiles, is the usage of social networking sites by the employers the appropriate thing. As the youth feels it their right to use their profiles according to them, the employers can also have the right of utilizing it for their business purposes. However, this is not the right thing to do. Both the employees and the employers need to understand the boundaries of using social networking sites and how they can use these profiles without breaching or raising any privacy issues. Several ethical questions related to the privacy arises along with the degree of relevance and appropriateness for the employers to gather information about the private lives of the job applicants and their workers (Mikkelson, 2010). As it was observed during the US survey that majority of the reasons for the rejection of the candidates were lifestyle-based instead of the information related to the employment. F or instance, about 53 percent during the survey offered reasons of finding inappropriate or provocative information or photographs on the social sites for rejecting the candidates. The job applicants, on the other hand, are unfamiliar with the fact that their social profiles and the information or content on it is the reason for their rejections (Broughton et al., 2013). Various surveys have noticed based on the response of the individuals that the employees possess the confused and mixed attitude towards the usage of the social networking. They see the social networking sites to be something that is not the right of their employers to consider the social profile, but agreeing that using and sharing information on the profiles is their personal matter and they have right to discuss anything about their jobs or personal lives on social profiles (Drouin et al., 2015). The report by My Group Job cited that when the participants were asked about their feelings on knowing that they have declined or rejected on the basis of their social networking profile. Around more than 30 % of them stated that they would have outrageous or angry feeling and will think of taking action against them, while about 28 % of them reported that they would have become angry, but no further action would be considered. Moreover, about 24 % of the respondents showed that they woul d have felt frustrated and does not think the reason for rejection to be fair (Broughton et al., 2013). Hence, the use of social media sites is considered to be inappropriate according to the employees. Though social networking sites are seen as an easy way of gathering information about the candidate and knowing him/her better, it is not the right way of screening and hiring the candidates. The recruitment by the organizations through social networking sites can lead to the encouragement of the often-cited biases related to the recruitment process like gender, age, and ethnicity (Hazelton and Terhorst, 2015). As reported by the large number of HR professionals, inferences about the candidates can be made from the profile pictures of the candidates on the Facebook. Moreover, it has been noticed that the use of social networking sites for supporting recruitment processes is not the appropriate practice by the HR professionals (Drouin et al., 2015). And in case, if the organization is claiming to have equal opportunities through the recruitment process, it would weaken the equality of access as employers would be familiar and be able to distinguish some of the job applicants in compar ison to others whether in a positive or negative sense. Hence, the usage of the profiles of the candidates on the social networking sites is considered as the bad practice by the employers, as many of the rejections are on the basis of candidates lifestyle concerns rather than employment criteria and qualifications (Pate, 2012). There are various HR professionals who bans the use of social network profiles for monitoring and screening the recruits. For instance, the UKs HMRC did not account the profiles of the candidates on the social media during their process of recruitment. The organisation possess strict procedures for vetting and application through which the selected candidates must pass, so utilization of the social media sites does not add the greater influence on the organizations screening process (Broughton et al., 2009). Hence, with the increasing evolution of the social networking sites and permeation of these sites to the workplace in various aspects, it is very necessary to understand, implement, and develop expectations for both the employers and the employees to assure a positive and fair environment (Snchez Abril, Levin and Del Riego, 2012). Due to the progressive evolution of the internet, as well as, social media it has been widely used by the organizations and the individuals. Moreover, the new web-based advancements and technologies are widely used for the work associated activities. Though the social networking sites are increasingly used by everyone in the present times, the employers can use this opportunity for benefiting the organization and turning the situation to win-win scenario (Kumar, Sharma, and Yadav, 2014). Besides using social networking sites for recruitment purposes, the social networking sites are observed to the platform for marketing and promoting businesses. It has been observed that some of the employers work in collaboration with the employees for promoting their organization and creating positive influence through various blogs and content shared by the employees on the social networking sites (Timm and Duven, 2008). It has been observed that many organizations utilize social network sites for building community in an organization and utilizes this as an effective means of attaining purposes. Many employers use the platform of social media and social networking sites for supporting their efforts in the organizational change and management. Moreover, some of the organizations use the social media as a means of allowing their employees to keep their viewpoint and deliver feedback related to the organization to their senior management (Friedl and VerÄ iÄ , 2011). Thus, by implementing strategic implications and utilizing social media sites in the most efficient manner, the employer can benefit the organization to the maximum. The employers by allowing the employees to share the information about the organization through the means of blogs on their profiles can help in advertising and showcase the positive points and latest trends in the organization. The employer can utilize the social networking sites for showcasing the benefits, as well as, the culture of the organization to the outer world. Moreover, social media can be used as a platform for communication between the stock holders and the company (Vyrynen, Hekkala, and Liias, 2013). Social networking sites are used by many employers for promoting their organization either through advertisement or other measures. For instance, in case the organization has developed a new brand, the employer can utilize the platform of social media to establish the existing brand in the market and can provide the business a new voice. Through strategic implications, the social media can be the means of promoting the organization (Roberts and Roach, 2008). Many social ne tworking sites such as LinkedIn aids the business through connecting the employers with the experts and individuals who can develop and share the strategic plans with the organization. The social networking sites through appropriate means can be utilized by the employers for connecting with the clients. Hence, the employer can positively use the social networking sites for creating a win-win situation for the organization by the strategic and appropriate HRM practices within the organization (Kim, Kim, and Nam, 2013). Social networks tend to function via social networking sites in the online environment and are the technology which enables the individuals to set up their personal profiles, provides a platform for linking to the different profiles of the individuals, and allow navigation, as well as, interaction with the other people present in the social network. The linking of different profiles together have the ability to connect people irrespective of their geographical locations (Bataineh, Al-Abdallah, and Alkharabsheh, 2015). Social networking enables the individuals to articulate and develop their relationship with others and can result in potential benefits of improving collaboration, as well as, sharing information, enhanced communications and productivity among coworkers, customers, and business partners (Hormes, 2016). It has been evident that social networking sites have both the negative and positive impacts on the personal and professional lives of the individuals. Where social networking sites can be used as a platform for sharing expertise and promoting businesses, the same can provide the negative impact on the job seekers. By clear understanding of the boundaries, privacy issues, and the extent to which the information can be shared and used for professional purposes, the negative impacts of the social networking sites can be minimized. Both the employer and the employee should able to understand the privacy, legal, and ethical issues that may arise by the usage of the social networking sites. References Bataineh, A., Al-Abdallah, G., Alkharabsheh, A. (2015). Determinants of Continuance Intention to Use Social Networking Sites SNSs: Studying the Case of Facebook.IJMS,7(4). Bohnert, D. Ross, W. (2010). The Influence of Social Networking Web Sites on the Evaluation of Job Candidates.Cyberpsychology, Behavior, And Social Networking,13(3), 341-347. Broughton, A., Cox, A., Foley, B., Ledermaier, S. (2013). The use of social media in the recruitment process.Institute For Employment Studies. Broughton, A., Cox, A., Higgins, T., Hicks, B. (2009). Workplaces and Social Networking The Implications for Employment Relations.The Institute For Employment Studies. Brown, V. Vaughn, E. (2011). The Writing on the (Facebook) Wall: The Use of Social Networking Sites in Hiring Decisions.Journal Of Business And Psychology,26(2), 219-225. Drouin, M., OConnor, K., Schmidt, G., Miller, D. (2015). Facebook fired: Legal perspectives and young adults opinions on the use of social media in hiring and firing decisions.Computers In Human Behavior,46, 123-128. Fox, J. Moreland, J. (2015). The dark side of social networking sites: An exploration of the relational and psychological stressors associated with Facebook use and affordances.Computers In Human Behavior,45, 168-176. Friedl, J. VerÄ iÄ , A. (2011). Media preferences of digital natives internal communication: A pilot study.Public Relations Review,37(1), 84-86. Hazelton, A. Terhorst, A. (2015). "Legal and Ethical Considerations for Social Media Hiring Practices in the Workplace.The Hilltop Review,7(2). Hormes, J. (2016). Under the influence of Facebook? Excess use of social networking sites and drinking motives, consequences, and attitudes in college students.Journal Of Behavioral Addictions,5(1), 122-129. I.Powale, P. D. Bhutkar, G. (2013). Overview of Privacy in Social Networking Sites (SNS).International Journal Of Computer Applications,74(19), 39-46. Kim, D., Kim, J., Nam, Y. (2013). How does industry use social networking sites? An analysis of corporate dialogic uses of Facebook, Twitter, YouTube, and LinkedIn by industry type.Quality Quantity,48(5), 2605-2614. Kramar, R., Bartram, T., De Cieri, H., Noe, R., Hollenbeck, J., Gerhart, B., M. Wright, P. (2014).Human Resource Management in Australia(5th ed., pp. 548-550). Australia: McGraw-Hill. Kumar, M., Sharma, N., Yadav, M. (2014). A Practical Framework and Approach for Privacy Issues Concerning Social Networking Sites.International Journal Of Computer Applications,86(12), 1-6. Ladbury, G. (2013). Liking Social Networking Sites Use of Facebook as a Recruitment Tool in an Outbreak Investigation, The Netherlands, 2012.Epidemiology: Open Access,03(02). Mikkelson, K. (2010). Cybervetting and Monitoring Employees Online Activities: Assessing the Legal Risks for Employers.The Public Lawyer, Summer,18(2). Pate, R. (2012). Invisible discrimination: Employers, social media sites and passwords in the U.S.International Journal Of Discrimination And The Law,12(3), 133-146. Roberts, S. Roach, T. (2008). Social Networking Web Sites and Human Resource Personnel: Suggestions for Job Searches.Business Communication Quarterly,72(1), 110-114. Snchez Abril, P., Levin, A., Del Riego, A. (2012). Blurred Boundaries: Social Media Privacy and the Twenty-First-Century Employee.American Business Law Journal,49(1), 63-124. x Timm, D. Duven, C. (2008). Privacy and social networking sites.New Directions For Student Services,2008(124), 89-101. Vyrynen, K., Hekkala, R., Liias, T. (2013). Knowledge Protection Challenges of Social Media Encountered by Organizations.Journal Of Organizational Computing And Electronic Commerce,23(1-2), 34-55.

Research on Ricardo Semler - A Sample Case Study

Question: Discuss about theResearch on Ricardo Semler. Answer: SEMCO Group of Ricardo Semler and its History Ricardo Semler is one of the innovative corporate leaders and the CEO of SEMCO group. SEMCO has founded in 1950 by Antonio Curt Semler in Brazil and basically it is well known for its industrial democracy radical form as well as re-engineering corporate. After 30 years of incorporation, Ricardo Semler has taken as the CEO of the company and made a best leader of the company. Now the companys range is expanding in the market and the service sector is greatly spreading. Now the companys revenue is increasing consistently and making a huge profit in the market. The current revenue of the company is more than US$215 million. However, the profit margin is increasing every year (Spencer and Moital 2012). The company is well running is Brazil, US, Australia, India and many other places. The company includes the services of industrial mixtures manufacturing, refrigeration towers, Hospitals and Airport assembling and consults the environmental management. MESCO has various brands in Australia such as Terex, New Holland, TORO, FIORI and much more as well as in different regions of Australia such as Sydney, Melbourne, Brisbane, Newcastle and Goulburn (Dyck 2013). Ricardo Semler is different from other Corporate Leaders In the year 1980, Ricardo was took as a CEO of the company and he has maintained all departmental works as a best corporate leader. The leadership style of Ricardo is different from other companys leaders he has the best supply chian. The management system of SEMCO is genuinely told to be empowered of employees when Ricardo became the CEO in the company. He maintains all input and output democratic performance and facilities as a successful leader. Ricardo is different from other corporate leader because he makes decision as per needs and opinion of employees as well as encourages the employees to work hard in the company. He also maintains the production process and welfare of employees in the company (Mueller 2014). Leadership Strategy of Ricardo is working well in SEMCO Ricardo maintains well growth of the company as a leadership style as well as having some positivity to increase the working performance of the company. As a CEO, Ricardo has a major impact on communication skills because he deals with the customer as per his opinion. Ricardo is working well in comparison to the other companys leaders because he has the power to develop communication skills in the company. As a corporate leader, Ricardo must have a positive impact in SEMCO and also maintains and transforms the growth and development of the company within the country. Ricardo must impact the development and organizational changes and also reaches its maximum goals within the economy. He also affects SEMCO in facing new challenges and tools related to its success. He helps to increase the working performance of employees as well as makes a determination of vital intervention which is needed for the growth of SEMCO within the country (Neubert and Dyck 2016). Adoption of Ricardo Leadership Style with other Companies Leadership style of Ricardo shows that how SEMCO may run smoothly between its competitors in the market by the rejection of the traditional carrot and stick incentives method. It has found that SEMCO of Ricardo increases its profit in comparison to the other company because other companies do not follow this method of incentives in the organization. Ricardo controls and maintains the creativity of the workforce in the company. It is obvious that some other companies also follow a genuine style of leadership. However, in SEMCO, Ricardo creates its best mission and vision statement for the growth of the company. He adopts more leadership strategy to face competition in the market. The price of the product is genuine because he wants to make more profit in the market (Amollo 2015). Ricardo Leadership Style and Human Being Ricardo is the CEO senior innovative manager of SEMCO who maintains the leadership style properly within the country. As a leadership style, he must interact with his followers, seniors and peers in the country. It is obvious that Human Being is must be included in the leadership style to get more customers for its product as well as to gain more support of them. It is necessary for the Ricardo to make people understandable and motivate them to buy the companys product. SEMCO must know the nature of human being which includes human behavior towards the company (Mathieu et al. P 2014). Through which the company can measure its working performance within the country. Leadership style included human behavior because the growth of the company is totally depends on human being. If people are not buying the companys product, it cannot run smoothly in the marketing strategy which causes loss of the company. References Amollo, B.A., 2015. Human Resource Management Strategies at SEMCO. Dyck, B., 2013. Managing Relationships within Organizations: Organizational Structure, Motivation, and Leadership. InManagement and the Gospel(pp. 159-167). Palgrave Macmillan US. Mathieu, C., Neumann, C.S., Hare, R.D. and Babiak, P., 2014. A dark side of leadership: Corporate psychopathy and its influence on employee well-being and job satisfaction.Personality and Individual Differences,59, pp.83-88. Mueller, J.R., 2014. Alternative Organizational Design and Its Impact on the Future of Work.Journal of Strategic Innovation and Sustainability,9(1/2), p.48. Neubert, M.J. and Dyck, B., 2016. Developing sustainable management theory: goal-setting theory based in virtue.Management Decision,54(2), pp.304-320. Spencer, A.J., Buhalis, D. and Moital, M., 2012. A hierarchical model of technology adoption for small owner-managed travel firms: An organizational decision-making and leadership perspective.Tourism management,33(5), pp.1195-1208.

The raise of Taxes at the United States

Abstract This essay will look at the effect of a change in tax rate in an economy. Based on the current economic and financial crisis relationships with be established on taxation with work incentives, labor productivity, investment decisions, budget and the rich so as to make informed opinion.Advertising We will write a custom research paper sample on The raise of Taxes at the United States specifically for you for only $16.05 $11/page Learn More When an economy is facing a crisis, it adjusts its tax system as policy to rectify the deficit in the economy. For instance, United States has been hardly hit by the economic crisis and is contemplating on increasing taxes for the rich. The change in taxation has both positive and negative effects. Introduction The current economic and financial crisis has adversely affected all the countries in the world. Those that have been hard hit by the crisis include the United States of America and European countries. O ther countries, especially developing countries are suffering from the spill over effects. In United States, the effects of this crisis have been evident in various sectors of the economy. The country has been hit by high rates of employment with nearly ten million people registering for the unemployment benefits. The number of people registering in job search centers has increased, with fresh graduates taking the highest percentage. The economy has failed to create new jobs, with jobs lay off mounting by the day. Most industries are streaming their workforce since they cannot adequately meet their needs, such as paying salaries and other benefits. The situation has rendered a high percent of the populace jobless, with most of them having difficulties in paying their bills. Those who are unable to meet their bills have resorted to pegging in streets so at least to get something to sustain them. The suffering of most Americans has not gone unnoticed, with the President Barack Obama c onstantly giving an account of government progress on how the crisis is being handled. The most recent announcement by the President is an increase in the rate of tax for the rich. The tax raise among the rich will lead to an increase in national revenue that can then be used to create jobs at national levels. This move has elicited controversy, with some supporting while others attack the move as inappropriate. It is like taking from those who are rich and distributing it to those who are poor. Despite raising taxes for the rich, taxes for foreign people should be lowered. Discussion Taxation is a fiscal policy tool that government can use in order to have a balanced fiscal budget. The government to attain certain objectives like full employment, price stability and economic growth normally uses fiscal policy. Other policy tools that can be used include printing of money, sell of fixed assets, internal or external borrowing as well as consumption of fiscal reserves.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More When a government is facing huge deficits, tax revenue can be raised by increasing the tax rates. Taxation is a tool that can be used to rescue an economy facing difficult times. Proper design of a tax policy can be a panacea to the prevailing economic hard times such as unemployment. United State has sought to follow Germany’s way to rescue its economic from adverse effects of its current debt position. Economist asserts that the only way in which an economy can reverse a crisis is using an expansionary fiscal policy. This will solve the issue of fiscal budget imbalance, unemployment and ‘crowding out’ effect. Conversely, high taxes will look out private companies from investing in the country because of the cost of production which will translates to higher commodity prices. It will be hard for businesses to carry out business in countries with high tax rates. This is because it will render most establishments less competitive in the global market. To encourage foreign investment tax rates should be reduced for them and sometimes coupled with tax havens, allowances and subsidies, this will encourage them to take up their new investment in the economy (Kivel, 2002). Taxation and work incentives When there is an increase in the rate of income tax, the effect will be that the post-tax income of individuals will reduce. This is because the net income resulting from each hour of work will be lower. The move might encourage workers to increase their number of working hours to meet their target income. On the other hand, an increase in tax might be used as a disincentive to promote less work. The government normally sets a lower income tax rate for low-income employees. This will act as an incentive for workers to do their job for long hours and earn more money. Low taxes on low-income earners serve as a tool of reducing ‘poverty trap’ risks where individuals will get high net financial benefits from their work. When tax reforms are favorable, it leads to an increase in supply of labor thus a reduction in unemployment equilibrium rate hence, the growth rate will increase. Taxation and the pattern of demand Demand patterns for goods and services vary as indirect taxes are changed. When value added taxes (VAT) on commodities such as alcohol and cigarettes increase, it is aimed at causing a low consumption among consumers or a substitution effect. The result will be a low demand for such commodities. Indirect taxation can be applicable where there is a total market failure, as well as when the government wants to ensure equitable distribution of resources such as health care.Advertising We will write a custom research paper sample on The raise of Taxes at the United States specifically for you for only $16.05 $11/page Learn More Taxation and investme nt decisions When the rates of business taxes and corporate tax are low, this can stimulate a business to increase its spending in fixed capital investment. An increase in investment will mean that the capital stock of a nation has increased thus an increase in capital stock of every worker employed (Mankiw, 2011). Government can use incentives such as tax allowances to boost research and development and in encouraging new business developments. A tax regime that is favorable will attract increased inflow of FDI (Foreign Direct Investment). This will be a stimulus that will benefit an economy’s aggregate supply and aggregate demand. Low rates of corporation tax will attract huge amounts of private investment. Tax changes act as a stimulus of investment in capital assets, social infrastructure, and labor force skills as well as in technology. A good tax system will ensure an improvement in infrastructure, which is essential for economic growth through increased production and competitiveness. Government spending can be terms of development of an education system that is skills oriented and technology focused. This will ensure a steady long-term supply of human resources (Dye, 2011). Company’s risk attitude and corporate income tax are the main factors that are considered by an organization before making an investment decisions, this is because this factors can affect the rate of return on investment. Amount of corporate tax to be paid is an important factor that is taken into consideration before making a financial investment decision. This is because low taxes will mean lower prices for goods and higher revenue generated. The Rich Should Pay More For equal sacrifice and fairness among citizens, those individuals who benefited from favorable economic times such as boom, rescue packages among others should find it necessary to shoulder the costs that arise from a crisis. There willingness will save the economy from suffering the worst effects of a crisis that a time may spill over to drain resources of the rich. This argument looks at increasing government revenue through an increase in income as well as an increase in capital gains tax. This was illustrated by Germany’s case after the World War II where legislation was passed which mandated financial compensation to gather for loses that arises during the war. This lead to a creation of tax on property and capital, this law was applicable to individuals who still possess substantial assets after the war. The law required them to pay half of their asset worth to a compensation fund over a period of thirty years. In case of United States, an increase in tax has no chance any time soon. The reason being the required budget consolidation should occur on the expenditure part. This will imply a reduction in government expenditure and this will have adverse effects on the economy. On the other hand, an increase in income tax disproportionately has an effect on higher earners . The impact of high tax on the rich is minimal because large proportions of their income go to savings while minimal amounts are spent (Blinder Baumol, 2011).Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More United States cannot undertake spending cuts since it will adversely affect their growth. This is because the economy is spending less on infrastructure, education and social transfers. For other countries that are facing similar crisis, an increase in government revenue will serve the country better. Therefore, if Americans refuse to contribute more to their economy through tax, they will suffer from a middling economy. Conclusion Taxation as an expansionary fiscal policy is applicable when an economy is facing difficult economic times, where the government spending exceeds its revenue significantly. The current financial and economic crisis has led to increase of tax rates to generate more revenue. The revenue generated is ploughed back to the economy to offset the high standing levels of debts. Increased tax will hurt the economy in terms of reducing the disposable income of consumer and investment income for companies. Individuals will be left with insufficient money to spend he nce a decline in aggregate demand. The rich should make a greater sacrifice to shoulder the costs that have accrued due to a crisis as the low-income earners still pay their tax at the usual lower rates. Poor economic standing of an economy will imply that sectors such as education, health care, communication, physical infrastructure among others will suffer, yet they are the main drivers of economic growth. A good tax system should be developed to realize economic progress. Good taxation we stimulate accumulation of capital stock in the economy in terms of new industries being set up and new technology adopted. This will ensure that the rate of unemployment reduces with a significant margin. Increase the tax rates for the rich will increase the revenue base of a country with the money generated channeled towards job creation in the economy. An economy in a crisis should receive compensation from those who benefited from it during good times such as times of rescue package, social t ransfers and boom. The wealthier should make huge sacrifices in terms of tax payment even though the burden may be overwhelming. A good tax system should act as a magnet for attracting foreign investors through the provision of tax haven for newly established industries. This will encourage foreign investors in the country; hence help in solving the problem of unemployment. References Blinder, A. S., Baumol, W. J. (2011). Macroeconomics: Principles and Policy. New York: Cengage Learning. Dye, T. R. (2011). Understanding Public Policies (13th ed.). Boston: MA Pearson. Kivel, P. (2002). Uprooting racism: how white people can work for racial justice. New York: New Society Publishers. Mankiw, N. G. (2011). Principles of Economics. New York: Cengage Learning. This research paper on The raise of Taxes at the United States was written and submitted by user Madelyn Carver to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

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The Harlem Renaissance Essay Example | Topics and Well Written Essays - 1250 words

The Harlem Renaissance - Essay Example The Harlem Renaissance took place in the 1920's mostly in the Harlem district of New York city, an area of three square miles where the African-Americans converged after the World War I. The Africa-Americans from the South were attracted towards the better economic opportunities and the more tolerant attitudes in the North, and especially in New York, and settled down in Harlem to form some of the most concentrated of African-American communities in existence today. Those African-Americans already settled in New York soon gravitated to this area, attracted by the buzz of new music, new art, and new possibilities. Douglas defines exactly what the writers, poets, musicians as well as visual and performing artists of the period were able to create, because all the angst, anguish and lyricism of the African-Americans poured out in their artistic and intellectual expressions. They told the story of African-Americans from the African-American perspective. The common themes of literary, musical and artistic works of the period were alienation, segregation, the common usage and appreciation of folk material, the reinforcement of the blues tradition, and a general air of optimism. and in it he described Harlem Renaissance as a "spiritual coming of age", wherein the African-American population was able to co... Magazines like Crisis, published by W. E. B. Du Bois and urged racial pride among African Americans, and Opportunity, published by the National Urban League encouraged the blossoming of sophisticated and highly original African-American literature, and also a certain degree of pride in being an African-American. A lot of this was possible also because of the popularity of things African-American amongst a big section of the whites, who were fascinated by the influx of African-American talent. One of the most important and well-researched aspects of the Harlem Renaissance is the literature born in the period amongst the African-Americans of Harlem. Writers like Arna Bontemps, Langston Hughes, Claude McKay, Countee Cullen, James Weldon Johnson, Zora Neale Hurston, Rudolph Fisher, and Jean Toomer produced a body of work that was both intensive as well as extensive in scope. Writers like Langspon Hughes made an immediate and lasting impact. Hughes left behind him a huge body of work, that included twelve volumes of poetry, as well as various works of fiction, drama and history. His work was full of a love of humanity, especially for African-Americans, a warm humor and understanding, and included a strong voice against the segregation of colored people all packaged in a sophisticated style of writing. Some of his works that made him famous are The Big Sea , The Collected Poems of Langston Hughes, The Panther and the Lash, The Ways of White Folks. Other voices like Claude McKay, whom Hughes admired, were equally passionate in the subjects of romantic love, and a love of the Africa-American people in general, which is evident in some of his

Causes of World War I Research Paper Example | Topics and Well Written Essays - 1000 words

Causes of World War I - Research Paper Example The second industrial revolution also resulted in unprecedented horrors of war just because this was an industrial war that saw for the first time weapons like machine gun, barbed wire, heavy artillery, tanks, airplanes and zeppelins, bombs and grenades, poisonous gas, submarines and gunboats (Junger, 1920). The   steam   engine   and development of rail lines meant   that   more   artillery   could   be   deployed   to   the   armies, and   the   armies   could   be   kept   clothed, fed, and   armed   indefinitely   (Junger, 1920; Best et al., 2004). The result was unprecedented volume of casualties. For example, in 1916 alone, the Germans lost 850,000 men, French lost 700,000 and the British lost 400,000 men (Merriman, ---year, 907).  Q2: The   nature   of   the   â€Å"The   Great   War†.  The   nature   of   WWI   was   grim and not even closer to what was anticipated   by   the   countries   when    they   decided   to   stage   it. Two of the elements that made it really grim were that it was a â€Å"total war† and also an industrial war. A â€Å"total war† in this context means that it was a global war involving nations across the world, secondly, it was a war in which the nations were totally equipped in terms of weapons and technology to wage an unprecedented war, and thirdly, it actually brought into the battle field, all the social, political and economical resources available for all nations involved. It could be called a global war just because the European states collected the resources needed for war from its Asian and African colonies, and troupes and laborers were imported into Britain and France from these colonies. The Middle East, Japan and the USA were also participants in the war in one way or other. The role of industrialization in deciding the nature of the war was also manifold. As â€Å"mechanized production† replaced the à ¢â‚¬Å"primacy of agriculture†, international trade grew resulting in the emergence of a more influential public (Best et al., 2004).5 Another consequence of this was that the public â€Å"

International Business Finance Research Paper Example | Topics and Well Written Essays - 2000 words

International Business Finance - Research Paper Example re liable to pay the interest at the pre-determined rate throughout the tenure of the bonds and repay the face value at the time of maturity which means there is no question of incurring loss for the investors out of investing in such financial instrument (Burger, Sengupta, Warnock and Warnock, 2014). However, in recent times it has been noticed in Europe that in some countries such as Denmark, Germany and Switzerland, the government bonds as well as corporate bonds are yielding the investors a negative return. To be more specific, such negative yields are not inflation-adjusted returns; the bonds are simply yielding the investors less than their capital (Ivashina and Becker, 2015). Therefore, the research paper will aim to investigate regarding credibility of bonds as a financial instrument, their buyers and the factors that may influence such investor to purchase bonds even with negative returns in order to find out the rationale behind such negative return and to identify buyersâ €™ motivation behind purchasing such bonds with negative yield. For the purpose of analysis, relevant economic theory that may justify the reason behind buying bonds with negative yields shall also be incorporated. Traditionally, bond is considered to be one of the most secured investment options among all other financial instruments available in the financial system. Dann (2005) has defined financial instrument as a mechanism that institutes a contractual right between the borrower and lender to receive and deliver some of money. Bond is a financial instrument that establishes a indenture between the two parties: bond holder and issuer. The indenture specifies that the issuer will pay a fixed or variable rate of interest during the whole life of the bond and will refund the principal amount at the time of maturity (Maginn, Tuttle, McLeavey and Pinto, 2010). Bonds can be of various types such as fixed and floating rate of bonds, zero coupon bonds, perpetual bonds, inflation-index bonds