Nobody downloaded yet

The new economy - Essay Example

Comments (0) Cite this document
Summary
In my vision, the new economy will lessen human labor while at the same time increasing global productivity and prosperity. It is true that…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
The new economy
Read TextPreview

Extract of sample
"The new economy"

Download file to see previous pages ftware have the capability of doing more word as compared to humans, it is also true that technology has helped many people monetize their homes and even employ others.
A perfect example of how technology creates jobs is the Agriculture sector. The percentage of persons working on farms declined from 41%-2% in the last century. Over the same period agricultural production rose and farmers got employed in factories and cubicles. Economists have linked the shrinking American middle class to technological displacement of human labor. More jobs coming up are for Ph.D.s and casual labourers such as home cleaners. Drivers and self-driven cars threaten the jobs of chauffeurs & drivers. Software threatens the jobs of their very developers. However as these jobs go, others are created; according to Airbnb CEO Brian Cheskey, the firm may employ only 16000 but has 30 million users. It creates more jobs of the 21st century through creation of income for hosts monetizing their homes, as well local business & service providers (Foroohar, 2015).
The new economy will therefore be more about individuals. Persons with good education, who are smart and have entrepreneurial minds, will thrive well in the new economy. The government should thus respond to the threat of displacement by reforming education, increasing training for the workforce as well as the social services net to accommodate the slack. Global supply chains will be affected by increased integration hanks to technology. This means that survival in the new economy and the evolving supply chains & logistics will require high calibre skills. I content that technology will increase output and therefore prosperity and thus going forward this knowledge will really influence my approach to ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The new economy Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
The new economy Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/professional/1692948-the-new-economy
(The New Economy Essay Example | Topics and Well Written Essays - 250 Words)
The New Economy Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/professional/1692948-the-new-economy.
“The New Economy Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/professional/1692948-the-new-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Leadership organization in the new economy
...style demonstrate high levels of job satisfaction and organizational commitment. Therefore, organizations should consider making efforts towards transforming their leadership style. ORGANIZATIONAL DIVERSITY Efforts to increase diversity in corporate America have backfired. It is clear that a more diverse workforce increases organizational morale, brings greater access to new markets, and enhances productivity. Instead, a majority of companies have hired women only to leave them frustrated or stuck in middle level management for years. There are various barriers to the advancement of women that executives need to overcome before they can exploit the benefits of having a diverse workforce. Working mothers are stereotyped...
10 Pages(2500 words)Term Paper
New Zealand Economy
...Macro & Micro economics 27 November New Zealand Economy New Zealand is an island nation in the southern Hemisphere. It is an isolated island with many islands around; it has unique plants and animals (Britton 4). The Polynesians were the first people to settle in New Zealand. The New Zealand people are the descendants of European immigrants and native people of Maori. The intermingled culture was a blend of their traditions to create a rich cultural mix; with the blend it threated the survival of the Maori people. The New Zealand`s Government is working to promote the growth of its people, as it tries to preserve its culture. The...
7 Pages(1750 words)Essay
Worker attributes needed in the new economy
...Worker attributes needed in the new economy Lecturer: Synthesis of Attributes The job market is one that has dramatically changed over the past few years. There are thousands of students who graduate from university or college with good grades with the hope of getting good jobs so as to become independent as well as sustain them. However, that is not the case since out of these thousands of students, only a few get the chance to get the good jobs that are available in the market. The majority are those who get jobs that are not in their line of study. For example; in some instances some graduates have to do jobs that are not in their line of study such as cleaning, serving food, waiting tables and so on....
6 Pages(1500 words)Assignment
Managing innovation is key driver of growth in the new economy
...Managing innovation is key driver of growth in the new economy It is easy to move with a crowd than carve your own path. Some adventurous guys have passion to break new ways. This is considered as a big risk area. But in Business not many take such big risks. Most of the entrepreneurs are happy to be in a crowd. They want to do things that are established as a triumph. They believe that it is risk free. But in long run, can any one guarantee that it will nourish The new global scenario not demands average guys; it is for smart guys, who have the passion to create value. Average people can't survive in this global order for a long time, as there are large enterprises to...
5 Pages(1250 words)Essay
Changing Values in the New Economy
...Changing Values in the New Economy: An Analysis of the Investors' behaviour 0 Introduction: In the last decade and a half the information technology revolution has shaken the very foundation of the old industrial and occupational order. The changes brought about by the IT revolution have redefined the rules of entrepreneurship and the faces of competition among firms globally. This has resulted in the creation of a global market place for a myriad of new goods and services. As a consequence a new economy with a progressive force for increased productivity and higher incomes, more-knowledge based jobs and an expanded number of stakeholders have been...
8 Pages(2000 words)Essay
Economy of New York
...The economy of New York Introduction 2. Economic factors and data 3. References The economy of New York Introduction New York dominates the economy of the whole state. It is, in fact, the leading center of banking and finance in the United States of America. It is also an important center in the world of communications and it is the location of the New York Stock Exchange on Wall Street, Manhattan, which is regarded as the largest stock exchange in the world. In terms of economic power, the state and city of New York are extremely rich. The gross state product (a measure of all value added by industries) in 2005 was $963.5 billion, putting it in third position after California and Texas. The personal income per capita (how much... the...
3 Pages(750 words)Essay
A new house - economy
...The decision to purchase a new house is a huge decision that many individuals make throughout their life. Many may become leery if the economy does not look promising. This is so since the home buyer typically purchases a house in hopes of being able to earn equity in the house. If the economy shows weakness it is likely that the home purchase may involve losing equity over time. This being the case the marginal benefits may not outweigh the marginal costs. A home can be purchased in a weak economy if the buyer is not concerned about equity. The removal of the tax deduction has its affects on the housing market in a few different ways. Many do not purchase a home just...
1 Pages(250 words)Assignment
How capital markets led to the new economy bubble and the banking crisis
...How Capital Markets Led To the ‘New Economy’ Bubble and the Banking Crisis The occurrence of the global crisis in 2008 started with developed countries particularly in the United States of America, and its impact spread rapidly to other parts of the world. The crisis was contributed by negligence of the financial institutions that issued insecure loans to the investors hence making the repayment hard during and after recession (Barth, 2009, p.73). The decline in the prices of residential houses made it difficult for mortgagees to repay their debt. Consequently, the investors withdrew their wealth from the capital market to repay their loans with other investors lost trust and confidence with financial...
8 Pages(2000 words)Essay
Critically discuss the view that capital markets created the conditions that led to the new economy bubble and the banking crisis
... business and large company owners with capital, which is a vital component for enabling economic growth and development. This essay aids, to discuss the view that capital markets created the conditions that led to the “new economy” bubble and the banking crisis. Difference between old and new economy firm Old economy firms were or are large, well established firms that operate in a form of traditional sector. Old economy firms have small investment and less involved in the current technology era (Torre & Schmukler 2007, p. 88). These old economy firms were the ones, which dominated the entire economic activities before the introduction of the dotcom epoch. The current dotcom era ushered in the economy back in the 1990s, leading... to the...
8 Pages(2000 words)Essay
2) Critically analysis the relationship between new forms of workspace architecture and focus on the style visibility in the new economy
...Workspace Visibility in The New Economy. By + Introduction Workspace architecture and workspace visibility have made a great improvement in the current economy. Currently, most Central Business Districts are developed in such a way that it allows for people to communicate and interact easily. This is due to the inventions of various forms of workspace architectures and workspace visibility. The workspace architecture mainly focuses on the improvement of new looks of the workspace, the size of the workspace and how the workspace aims at improving the lives of people working there (Aubin, 2010).While the workspace visibility refers to knowing where things are within the...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic The new economy for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us