Jump to content
xisto Community

Search the Community

Showing results for tags 'Economy'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Help & Support
    • Alerts, News & Announcements
    • Web Hosting Support
    • Introductions
  • Computers & Tech
    • Science and Technology
    • Software
    • The Internet
    • Search Engines
    • Graphics, Design & Animation
    • Computer Gaming
    • Websites and Web Designing
    • Mobile Phones
    • Operating Systems
    • Programming
    • Online Advertising
    • Hardware Workshop
    • Computer Networks
    • Security issues & Exploits
  • Others
    • General Discussion
    • Business Forum
    • Photography
    • Health & Fitness
    • Dating And Relationships
    • The Vent
    • Art & Creativity
    • Home & Garden

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


Location


Interests

Found 3 results

  1. Henry Ford in 1914,the then business executive of Ford Car Company made a startling decision that left many in the business class gasping. Henry Ford all of a sudden decided to double his employee's wages from $2.34 to $5 a day - an equivalent of $120 with respect to today's money.The whole country was shocked by such a seemingly bad decision to pull down the profit margin of a company.As its a well known fact that a company pays in accordance to the market rates. So how can one stand a way ahead from the league and make such a drastic decision? But the basic idea behind such a move was to help increase the sales of Ford car by increasing the purchasing capacity of the employees.On contrary to the popular belief this one single step taken by Henry Ford not only enhanced his own business but also benefited the whole economy.A number of people stood in queue to acquire a job in Ford which sustained the employee holding capacity of Ford thus ensuring a steep fall in recruiting,reemploying and training cost. Because Ones company's employees are another company's customer. So we can infer such a move taken by any company is going to benefit the whole economy.Henry Ford's historical decision is still relevent in today's time when most of the major world economies are undergoing a tough time. The basic problem lies in the fact that business owners and executives are unwilling to share their profit margins with their employees thus putting a bar in purchasing power of majority of population and hence crippling the whole economy in turn.This whole process is finally going to affect the business class as well if they don't find a steady customer inflow in long run.We need to understand this simple point that accumulation of money hence access key to resources if gets restricted to a very small proportion of population shuts the way to progress as a whole affecting every nook and corner of economy.
  2. Just a few days ago my friend told me that around 10 to 20 people in her company were removed at a time because the company is cost cutting. So many youngster's today are jobless all around the world even after having the required degrees, immense number of employers, companies, institutes that require young people. So many are being removed from their respective jobs because the employers are not able to pay them according to their posts or else many of them are compromising and working on half the salary promised to them just to save their jobs. There are so many families where we have just one member working and the rest are dependent on that one person. If that person loses his/her job how would they run the family and survive in such great crises. Also when a person who is well to do because of a ransom salary has to cut down on his family requirements just because he/she had to compromise on a lesser salary due to cost cutting how are they going to fulfill their requirements. Because when someone is used to travelling in a car and suddenly they has to travel by public transport just because their salary is reduced and they had to sell off their car for cost cutting it becomes very difficult. On top public transport is becoming expensive as we have rising prices in everything where we have to pay double the price then what we paid a few months ago. Also, there are so many people who are not even paid for months together and are working for almost free of cost. And if we are suffering with unemployment and salary issues how are we going to survive. How do we manage our finances and fulfill the needs of our family who is dependent on us. How do we reduce or overcome this problem of unemployment?
  3. So true like it's said; Money can truly be funny. In excess it showers on people who already have enough and there's a drought for people who don't even have sufficient. Like we say there are so many different languages spoken all around the world. But one language common to people all around the globe is the language of Money . When we say money/currency all our senses are revitalized . So how would you describe being rich in this rich man's world. How would you set your agenda for a day if you had a billion of rupees ??
×
×
  • Create New...

Important Information

Terms of Use | Privacy Policy | Guidelines | We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.