A Productive American Economy essays

A Productive American Economy essays America's economy today has plundered to a new low and unless we do something about the current trends, the situation will only worsen. In 2008, America experienced a tragic financial crisis and the blame was instantly placed on the shoulders of Wall Street. However, many economists, such as Robert B. Reich, argue that the cause of this economic meltdown did not come from people messing around with the stocks and corporate shares but rather from the actual structure of the country's economy. In the book, Aftershock, Reich discusses the structure of our economy in what he calls the basic economic bargain. At the root of a highly productive economy, the workers are not only employees but also consumers (Reich 28). The earnings from these workers are used to purchase the goods and services produced by other workers. But when the workers' taxed earnings no longer suffice for their most basic needs, then the basic bargain becomes broken. This causes the production of goods and services to be greater than what the consumers are capable of purchasing. The broken basic bargain attributes to the growing gap between the rich and the poor by allowing the wealthy to earn more while the working middle class pays more. Raising the tax rates on the wealthy will help repair the basic bargain and allow for the economy to Production of goods and services comes at a cost and those costs must be balanced out by an equal amount of demand. So the real problem is not just the fact that the vast majority of people have less purchasing power but there also needs to be more demand. The nation's economy is driven by the needs and wants of the everyday consumer. Jobs arise from the consumer sector, especially from services, which in turn spur up growth. During economic downturns like the one we are currently in, consumers purchasing investments such as real estate, automobiles, and other physical capital have s...

Job Options With a Masters in Business Administration

Job Options With a Masters in Business Administration What Is an MBA Degree? A Masters in Business Administration, or an MBA as it is more commonly known, is an advanced business degree that can be earned by students who have already earned a bachelors degree in business or another field. The MBA degree is one of the most prestigious and sought after degrees in the world. Earning an MBA can lead to a higher salary, a position in management, and marketability in an ever-evolving job market. Increased Earnings With an MBA Many people enroll in a Masters in Business Administration program with the hope of earning more money after graduation. Although there is no guarantee that you will make more money, an MBA salary is likely higher. However, the exact amount you earn is very dependent on the job you do and the business school you graduate from. A recent study of MBA salaries from BusinessWeek found that the median base salary for MBA grads is $105,000. Harvard Business School graduates earn an average starting salary of $134,000 while graduates of second-tier schools, such as Arizona State (Carey) or Illinois-Urbana Champaign, earn an average starting salary of $72,000. Overall, cash compensation for MBAs is significant regardless of the school from which it is received. The BusinessWeek study stated that median cash compensation over a 20-year period, for all the schools in the study, was $2.5 million.  Read more about how much you can earn with an MBA. Popular Job Options for MBA Graduates After earning a Masters in Business Administration, most grads find work in the business field. They may accept jobs with large corporations, but just as often take jobs with small or mid-size companies and non-profit organizations. Other career options include consulting positions or entrepreneurship. Popular Job Titles Popular job titles for MBAs include but are not limited to: AccountantAdvertising ExecutiveBusiness ManagerCEOCIOCorporate Communications ManagerCorporate RecruiterExecutive RecruiterFinance Officer or Financial ManagerFinancial AnalystHotel or Motel ManagerHuman Resources Director or ManagerManagement AnalystManagement ConsultantMarketing Director or ManagerMarketing Research AnalystPR SpecialistProduct Manager Working in Management MBA degrees frequently lead to upper management positions. A new grad may not start out in such a position, but certainly has the opportunity to move up the career ladder faster than non-MBA counterparts. Companies That Hire MBAs Companies in every industry around the world seek out business and management professionals with an MBA education. Every business, from tiny start-ups to large Fortune 500 companies, needs someone with experience and the necessary education to support common business processes like accounting, finance, human resources, marketing, public relations, sales, and management. To learn more about where you can work after earning a Masters in Business Administration, check out this list of the 100 top MBA employers.