The Implications of the Great Recession of 2008 on U.S. Unionization Essay

The Implications of the Great Recession of 2008 on U.S. Unionization - Essay Example In other words, banks issued too much loans directed in real estate and as a consequence, prices were pushed up. In addition, Hetzel (2012) notes that debts grew faster than income and in the long run more people were unable to service their loans. This followed a financial crisis as the situation pushed banks to near bankruptcy and closure. One of the areas in the economy greatly affected by the recession of 2008 was employment sector. In light of the fact that a huge percentage of workers is presented by unions, this discussion elucidates the implications of the great recession of 2008 on U.S. unionization. To understand the implications of the 2008 great recession on U.S. unionization, it would be of significance to first describe unionization prior to the recession. According to the Bureau of Labor Statistics, the percentage of workers represented by unions was at the highest level in the 1950s at 35 percent of the entire workforce (Hetzel, 2010). In 1983, figures from the Bureau of Labor Statistics shows that 17.7 million workers were unionized (Hetzel, 2010). This figure represented 20.1 percent of the total workforce in the U.S. In 2009, Hetzel (2010) notes that the figure had dropped to 12.3 percent of the total workforce. Though the number of union members was reducing from the 1950s, the rate was stringent in 2009 and 2010 after the great recession of 2008. In 2010 for instance, approximately 612,000 union memberships were lost (Tilly, 2010). Before explicating the implications of the 2008 recession on U.S. unionization, it would also be important to demonstrate its impact on the rate of unemployment. Tilly (2010), in a documented material directed to the Global Labor University Conference in Berlin in 2010, asserted that the rate of unemployment peaked in the period following the great recession of 2008. In fact, Tilly (2010) notes that unemployment rate rose to

Procurement - Assignment 2 Essay Example | Topics and Well Written Essays - 1500 words

Procurement - Assignment 2 - Essay Example ent system is vital since the correct choice may help to avoid eventualities that might negatively impact on time, costs and quality; to ensure that the project’s goals are attained. One needs to consider a variety of factors from the project’s internal and external environment in which the industry operates. A point to note is that different projects may require different systems based on a project’s features (Hashim, Yuet, Chu, Hooi, Heng & Yong 2006). Procurement systems are divided into three categories namely; traditional, management contracting and design and build methods. These three categories have different influences on each factor. The following factors are may be considered in the construction of site in Chelmsford. Time, complexity, price certainty, government policy, price completion, responsibility, risk avoidance and familiarity of procurement methods (Hashim, Yuet, Chu, Hooi, Heng & Yong 2006). Time is of fundamental when deciding which procurement system to acquire for construction purposes. Time described here is from inception to completion stage. If the completion deadline is not met due to an inefficient procurement system, extra or overrun costs will be incurred by the contractor making the project expensive. The procurement system should monitor the lead-time schedules to ensure that the functional spaces are completed within the required time and start generating income. The client being a private firm, completion time of the project is truly crucial and of importance to them (Hashim, Yuet, Chu, Hooi, Heng & Yong 2006). Therefore, the procurement system must be comprehensive in planning and its schedules to achieve deadlines and other timelines required. Time as a factor is affected by the given procurement methods in the following ways. Design and build method is advantageous for a client who wants a quick return on their investment. The client may employ manageme nt contracting method in order to reduce the project