Competition in the Market
Essay Preview: Competition in the Market
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The prospects for good careers are now worse than ever; Downsizing and mergence between companies are the main reasons that lead to this result. Many good careers are deskilled because of these market tactics. The competition between companies has made many people suffering to get a good career.
Downsizing becomes a common method for employers to cut down the operating cost while simultaneously increasing the production and efficiency. The main reason that leads to downsizing is automation. The latest technology has made automation eventually replacing several careers in the market. The use of machine can greatly reduce the operating cost and the probability of human errors. Employers can use this saved money to expand their production lines or develop another product. Therefore, many jobs other than management are being eliminated by various kinds of machine. The unemployment rate in the automobile industry is the most seriously affected because of the replacement of automation. The use of robot welders and painters has allowed employers to eliminate large number of workers. These experienced workers are no longer able to stay in this industry.
Another reason that affects the prospects for good career is the mergence between companies or corporations. In order to survive in the competitive market, companies merge with other companies to share resources so they can cut down part of the operating cost and increase their competitive potential. As a result, lay off is what they are going to do next. Because of this market tactics, many jobs are eliminated. For instance, a few years ago, when Ford and Mazda merge with each other, four thousands position were shed. Afterwards, mergence became a trend in the market and even until now it does not seem to stop. It is a bad news for people who do not own a company but want to find a career.
For many people, to find a good career is their hope. Unfortunately, the competition between companies made it impossible. Many careers are forced to eliminate. Downsizing and mergence between companies are the number one killer that made the prospects for good careers worse than ever. If this condition continues, it would cause a negative effect on the economy.