The Economic Position of Some Prominent and Some Ordinary Canadians Essay

The Economic Position of Some Prominent and Some Ordinary Canadians - Essay Example Inequality in income is one of the key economic factors that have been noticed in the Canadian economy. The most important evidence for the income inequalities that exist in the Canadian economy is evident through the household spending data files and the household net worth data which shows the trend in the income equality trend in the Canadian economy. The wealth and living standards differ among people to people. â€Å"Economic inequality in Canada appears to be worsening, even as overall wealth increases† (Quarter et al. 2009, p. 82). The Canadian economy is a capitalist economy. Economic inequality is one of the key features of the capitalist economy. The important question that is raised in the Canadian economy is that ‘Does the labor market in the Canadian economy provide opportunities to the deserving candidates on the basis of their education or is it based on patterns of inequality in society?’ To this question the answer is both and that has been identi fied as one of the main reasons behind the unequal distribution of income in the Canadian society. Thus the distributive aspect of the labor market in the Canadian society calls for a study. ... Income inequality arises because of several factors like inequalities that exist in the work opportunities, the inequalities that are associated with distribution of income etc. Canada has experienced significant income inequality in Canada between the years 2000 and 2006. Income inequality is a prime economic indicator and is also covered by the national average. The three important factors associated with income inequality are the following: Change in population structure – the change in the structure of population is one of the main contributors to income inequality. With the increase in the non- income generating population there is less income in the hands of the dependent population which widens the economic inequality. The women and the aboriginal Canadians have a very small representation in the Canadian work force. The women workforce in the Canadian economy is being underemployed or unemployed. The increase in the capital income and self employment income - capital i ncome and self employment income are distributed unequally which has widened the economic equality. Disproportional per capita income especially in between the Canadian provinces has been a prime feature of the Canadian economy. Economic growth has played a mere role in the eradication of disparities in per capita income which cause unequal distribution of income. Earnings of workers are unequal with the rich growing richer and the poor becoming poorer which further causes inequality in the distribution of income. There is a very important relation between income inequality and economic growth. The wider the economic inequality in an economy, the lesser will be the economic growth of the country. The economic inequality in a country reduces the economic

Global Communications Case Study Example | Topics and Well Written Essays - 1750 words

Global Communications - Case Study Example Information provided by Wall Street shows that there are issues in the telecommunications industry. This industry is becoming more competitive as newer companies such as cable companies enter into the market. This has brought a challenge to the existing industry leaders to find new ways to keep one step ahead of the new competition coming in. Global Communications is one company that is feeling the heat. Their stock has dropped more than 50% in the last three years, from 28% to 11%. Because of this decline the company is now looking at different ways to cut their costs, advance their technology and their expansion opportunities. The company's leadership team has created a strategic plan they feel will bring Global Communications back to the front line of the industry. They have ideas of some new products for their customers and some services that would put them on the global telecommunication map. Their plan also has cost saving opportunities to permit these ideas without impacting the company's bottom line and they will also improve the company's profitability. The plan has been presented to the Board of Directors and they approved the plan. Now the leadership team has to put the plan into action quickly to prevent the company from losing any more profits. There are several issues that Global Communications need to review before they begin to impl... Second, job and salary issues that will affect the employees when strategic plan goes into place. Another issue will be language barriers due to outsourcing to India and Ireland. The complete explanations of the company's issues are outlined on Table 1. There are also opportunities that Global Communications should focus on when implementing their strategic plan. The first opportunity is to look at the communication gaps that they have between themselves, the employees and the union. The second opportunity they need to focus on is exploring different employee retention programs as well as compensation programs. Lastly, they need to analysis their unit cost savings and expected profits by outsourcing their technical call center. The complete explanations of the company's opportunities are outlined on Table 1. Stakeholder Perspectives/Ethical Dilemmas The definition of a stakeholder is one who has a share or interest in an enterprise. Stakeholders in a company may include shareholders, directors, management, suppliers, government, employees and the community (free dictionary, 2006). Using this definition any individuals that have any type of connection with Global Communication whether they are employees, stockholders, customers, suppliers are stakeholders. These individuals could play a part of the role in implementing the company's strategic plan. The ethical dilemmas that Global Communication could face are listed on Table 2. Frame the "Right" Problem The problem statement for Global Communications so far is: Global Communication will become the world's most respected leader in the telecommunications industry by providing extraordinary customer service globally and the best