Global Issue Disposable Workers

Question: Discuss about theGlobal Issuefor Disposable Workers. Answer: Introduction The recession at global level results in number of retrenchments in corporate world, and only reason behind this retrenchment is unemployment which already reaches at heights, and those people who are able to save their jobs are forced to work at low pay scales. Other consequences of this present economic environment are increase in number of temporary employees or employees on contingent basis. Changes in technology have great impact on the decision of the management because advanced technology reduces the need of human resources. Technology advancement is the big reason which directly affects the number of employments by performing that task which is performed by individual (Potocki Brocato, 1995). As per one survey, similar situations are remained for next 5 to 10 years which result in small salaries, worse working conditions, and very low level of job security. According to Peter Cappelli, who works in the University of Pennsylvanias Wharton School states that employers are trying to get rid from their employees at all fixed costs but before they did this by cutting down the benefits available to employees but not they are directly take away the job of employee. In todays era everything is variable as these corporate actions are take place because of less profitability. However, it is clear that data collected from financial sector is not consistent because almost 500 companies in 2009 achieve second-largest position in earnings in the history of 56 years. It must be noted that this achievement is not resulted from high revenues but it resulted because of decrease in labor cost. As per one research, companies largest part of revenue is reflected from lower payrolls instead of increase in sales and further stated that during this period very less amount of wages is increased (Magdoff Magdoff, (2004). The most effected class of workers is those who have attend their college and get diploma, and also those who studied for the degree. There are many workers who saw that their income collapse in 2009-2010 (Weston, 2012). As per some market observers state that fluctuating nature of profitability is the only reason of difference between the corporate profitability and result for workers. It is clear when corporation is judged on single basis that is stock price then executives of the company try their best to increase their numbers on the cost of neglecting other issues like employees well being or ethics in corporate culture. On the other side there are some other companies also which generally concerned about their employees and try to make policies which treat their employees flexibly. There is one argument which state that it is completely right to sacrifice some jobs to save the complete organization. After analyzing all the above facts it is clear that it become trend for organizations to kick off their employees or deprived their employment benefits for the purpose of their own profitability or to show increase price of stock in the market. After analyzing all the facts it is clear that workers have become disposable in todays global economy because of new trending mentality of managers which give importance to economic benefits and ignore the ethical values, and one more reason of retrenchment of employees are economic aspects which affect alost number of jobs in the state. References: ANA, (2016). Disposable Workers. Retrieved on 20th Februuary 2016 from: https://www.nytimes.com/2016/04/17/opinion/sunday/disposable-workers.html?_r=0. Magdoff, H. Magdoff, F. (2004). Disposable Workers Todays Reserve Army of Labor. Retrieved on 20th Februuary 2016 from: https://www.uvm.edu/~fmagdoff/ReserveArmy.pdf. Weston, C. (2012). Recession cut disposable income of workers by up to 17,000 in one year. Retrieved on 20th Februuary 2016 from: https://www.independent.ie/business/personal-finance/latest-news/recession-cut-disposable-income-of-workers-by-up-to-17000-in-one-year-26836929.html. Potocki, A. K. Brocato, C. R. (1995). A System of Management for Organizational Improvement. Johns Hopkins Apl Technical Digest, Vol 16 (4).