Issue Analyses How Globalization Will Affect My Future Career Problem/Issue Definition With Globalization along with outsourcing, my career in life is going to change big time. More and more jobs are being outsourced to other countries every day. Right now America is a mountain compared to other countries meaning that we are more advanced industrially. As more jobs are being outsourced the more the metaphorical mountain is shrinking in height and growing in width. We can slowly add to our mountain by creating new jobs; though this will take a lot of time and change. The playing field is being flattened for America and in turn for me.
Looking for a job in finance I’m going to have to work hard to get a good paying job. At the same time this is not necessarily a bad thing. In the long run, I want to run and own my own business. Outsourcing will make it so I can run things at a more efficient cost. With the world connected as a whole, which is the effect of globalization, I will be able to market to the entire world instead of just America. Alternative Perspectives/Solutions According to my CIS teacher, Albert Tay, many people are outsourcing to other countries because it is much more cost effective to do so.
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At the same time, there are many other companies that don’t want to use other countries for outsourcing. Frequently, with outsourcing in other countries the quality of the service is not as good. This is because you are not always able to observe what is going on to make sure everything is being done the way you would like it to be done. There are so many people that we have to compete with in the job market today. With the world metaphorically flattening, due to globalization, there are more people that can do the same job that I can, and often times they can do it for less pay. According to Thomas L.
Friedman, the author of The World Is Flat, because of all of the competition, I’m going to have to work harder to get the job that I want. I’m going to have to become more specialized in my field of work (Friedman 266). In this more competitive market we are going to have to receive quite a bit more education in order to even be considered for a good qualifying job. At the start of this class my view on globalization and outsourcing was that it is going to affect me negatively. It is true that it affects me, and at times it may be rough, but in the long run things will be better.
When I first started going to college my plan was to get my bachelors and be done with school. I didn’t really want to go beyond a bachelor’s degree because school is not my favorite thing. Now I know that if I want to succeed in today’s world, I have to be on a higher level because of all the competition. With this said, I need to get my Masters or I will be left in the dust by my competitors. I’m going to have to move horizontally into a new job that will require specialized training ( Friedman 267). I realize that things will be okay because even though the mountain is shrinking in height, it is still expanding.
More jobs are being created, so the pie is just going to get bigger and bigger. My pay will increase as the pie increases. (Friedman 268). Outsourcing is something that has taken place for hundreds of years and has always been a good thing. 150 years ago 90% of Americans were farmers. These people mainly farmed for their own families which provided them with most of their needs. Because of this, people didn’t own much. Most of their life consisted of working, all the time. Now only 3% of people in America are famers meaning that there are more people able to do other things (Friedman 270).
As I look around we don’t have an unemployment rate of 87 percent, it’s actually below 10 percent. This must show that more jobs have been created that were not there before. Also, as I look around I’m a lot better off than people were 150 years ago. If I want something I can pretty much go buy it at any store, and I have a lot more time for play rather than work. My life in general is a lot better off, along with my standard of living. With all this said, it shows that outsourcing is only going to create more jobs that would be available to me, and can raise my standard of living.
According to Jill Andresky Fraser, the authors of White Collard Sweatshop, things are not getting better for the working man. For the average working person we have to put in more hours and our paychecks are barely keeping up with inflation. On the other hand, many Chief Executives of large corporations’ income went from 1. 8 million in 1990 to 10. 6 million in 1998. That is an increase of 490% in less than a decade. “For many of today’s white-collar workers, plagued by overwork, deteriorating benefits, and too much stress, the boss’s salary has become an irritant they just cannot overlook”. In 1998 Weill earned $168 million at a time when the bank planned to cut 5 percent of its workforce while reducing 401k pension, and other benefits”(188). This shows that there is more money being made while it is not going to the lower level workers, but to the upper level leaders in the companies. In this globalized world we must have higher education. All the lower ended jobs are moving elsewhere to other countries like India, Japan, etc. If you don’t get a good education and make yourself more highly qualified, it is going to be hard for you to find a job. Join clubs on campus, get involved, and show that you are willing to work hard.
With outsourcing going on throughout the world the job market is going to be very competitive (Tay). With outsourcing, starting up a company will be more affordable and I can use the money I save to invest in other parts of my company. Opsware was a company that created a180 new jobs in the middle of a recession. Opsware uses automation and software to replace human beings in the operations of huge computer server farms located in remote locations. This makes it so the brain power of actual people can move up from doing relatively low tasks, to be able to work on other tasks that are more beneficial to the company. Friedman 270). Conclusion/Recommendation Globalization is happening and it will continue to happen. As long as I get a good education and work hard I should be alright. With a good education I will be able to compete with all the other people around the world for the same jobs in my field of study. Outsourcing has been going on for years and has always helped out our economy and way of living. Just like the farmers that found new jobs when they quit farming, I will find new jobs as opportunities come and go. The pie is always growing; more jobs are being created all the time.
There is no need for me to worry about finding a job as long as I keep myself up on my education for the new world. My job might change from time to time, and in the transition it may be difficult, but in the long run it will benefit me more. Globalization will be great for me as a business owner because I can market to the entire world. There is so much more out there for me when I start my own business. I will be able to employ people for lower cost, and in turn it will save me money which I can invest it in my company. Also, I will have access to better technology making it so tasks that were once large will become smaller.
I can then use that human brain power elsewhere where it is more useful. “If you believe human wants and needs are infinite…then there are infinite industries to be created, infinite businesses to be started, and infinite jobs to be done, and the only limiting factor is human imagination… If you look over the sweep of history, every time we had more trade, more communication, we had a big upswing in economic activity and standard of living”(Friedman 269). The transition of globalization may be tough at times, but in the long run it will give me more time, more job opportunities, and a higher standard of living.
My future career in finance and as a business owner will be better off as a whole because of globalization. As long as I keep myself up to pare with my education, talents, and a desire to work hard. Citation page Tay, Albert. “Outsourcing. ” Personal interview. Apr. 2010. Fraser, Jill Andresky. “Corporate Sin on the New World of Work. ” White-collar Sweatshop: the Deterioration of Work and Its Rewards in Corporate America. New York: W. W. Norton, 2002. 187-89. Print. Friedman, Thomas L. “America and Free Trade. ” The World Is Flat: a Brief History of the Twenty-first Century. New York: Picador/Farrar, Straus and Giroux, 2007. 266-270. Print.
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