C H A P T E R 26

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C H A P T E R 26

• THE
• UNITED STATES
• IN THE
• 1990S

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S E C T I O N 2

• THE NEW
• GLOBAL
• ECONOMY

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ECONOMIC CHURN

• CHANGES IN JOBS
• DUE TO PROGRESS
• 1960-1980S
• MANUFACTURING JOBS
• TO SERVICE JOBS

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THE SERVICE ECONOMY

• NON-PROFESSIONAL
• LOWER PAYING
• RETAIL SALES
• FOOD INDUSTRY
• PROFESSIONAL
• SPECIALIZED TRAINING
• MEDICAL
• TECHNICAL
• MANAGERIAL

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HIGH TECH INDUSTRIES

• REPLACED FACTORIES
• AND ASSEMBLY LINES
• KNOWLEDGE WORKERS
• SPECIALIZED SKILLS
• CUT BACKS POST 90S

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THE GLOBAL ECONOMY

• FEWER WORLD TARIFFS
• WORLD TRADE ORGANIZATION
• OVERSEAS MANUFACTURING
• LOWER LABOR COSTS
• MORE CONSUMER GOODS
• _at_ LOWER PRICES
• OUTSOURCING
• SERVICE JOBS

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WTO WORLD TRADE ORGANIZATION
Members Observers Others
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DOLLAR AMOUNT IN FOREIGN TRADE PER PERSON - 2003
0-250 251999 1000-4999 gt5000 NO DATA
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THE U.S. HAS A GROWING TRADE DEFICIT
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WHO THE U.S. HAS A TRADE DEFICIT WITH
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TYPE OF GOODS CAUSE THE U.S. TRADE DEFICIT
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Position Average US Salary Payroll Taxes    Other Overheads Total Cost to Company Total Cost if Outsourced Net Savings per year per Employee
Technical Support Engineer 40,000 9,200 49,200 29,500 19,700
Sales Representative 50,000 11,500 61,500 37,000 24,500
Telemarketing Executive 22,000 5,000 27,000 16,200 10,800
Accountant 40,000 9,200 49,200 29,500 19,700
Software Engineer 70,000 16,100 86,100 51,500 34,600
Content Writer/ Editor 40,000 9,200 49,200 29,500 19,700
Web Developer 58,500 13,400 71,900 43,000 28,900
Payroll Clerk 38,000 8,700 46,700 28,000 18,700




UNITED STATES
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Gross Domestic Product per Capita
1. Luxembourg 69,800
2. Norway 42,364
3. United States 41,399
4. Ireland 40,610
5. Iceland 35,586
6. Denmark 34,737
7. Canada 34,273
8. Austria 33,615
9. Hong Kong, SAR 33,411
10. Switzerland 32,571
179. Malawi 596
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