Why the Rich Are Getting Richer and the Poor Poorer Research Paper

Why the Rich Are Getting Richer and the Poor Poorer - Research Paper Example This research will begin with the statement that in the olden days, there were rich and there were poor, in the modern world we see people have different classes like rich and poor. But today the majority of the human race is facing a difficult time. This paper illustrates that the main reason of the difficulty is created by the man himself. Then we must have known what makes the two classes different from each other. Technology, homes, cars, etc are the dependable and viable commodities that are responsible to alter the class of a person. However, today, it is a commonly known fact that it is impossible for the poor to make steps towards changing their class, middle-class people are having difficulty in maintaining their economic position and rich are becoming richer. The present research has identified that most of the middle class is associated with the jobs and some researchers have the view that as the middle and lower level management are becoming less in number, more and more middle-class men are becoming jobless, that is becoming a huge reason of the degradation in the living standard of the middle-class persons. The author has rightly presented that the high-level jobs like assistant directors, assistant managers, etc lost them too. The similar case is with the low-level jobs like production jobs, the wages for such employs in underdeveloped to developed countries now a day is much lower as compared to the decline in the value of money. The production jobs are much valuable for the persons who have to work at extreme low wages when they have no job. In 1960, the low level employs are the member of a union that responsible for maintaining wages for the works but at the end of the year 1989 the union has only 17 percent members from the total production workers. The whole scenario has no or little impact on the large technology distributors and manufacturers, like Sony, Toyota, etc. These factories kept to produce the products according to their plans an d routine. Technology is also responsible for making the people poorer and rich richer, as if we consider a motor industry, during 1970, a Japanese based motor company required a time span of 24 hours to produce a vehicle (car) but now a day it takes not more the eight hours to produce a car by utilizing the robots instead of human workers. The robots replace the human workers and the persons who program and run the robots are quite less and no other person is thus required to performs the work like that of the robot. The economic condition of the middle class family is lowering day by day as the prices for the little luxuries like fuel, cost of food and medicine are rising, although technology is becoming cheaper but the cost of basic necessities are becoming higher. In this case it has become difficult for a middle class person to afford the luxuries without extra effort. According to sociologists unequal distribution of wealth has become a biggest reason of this sustainability. L ike the high level salaries of superstars, musicians, athletics, management payment and the rapid progress of financial sector etc. The taxes which are taken from high earners are very low and they are earning lot of money and paying a very small amount of tax. The departments which have already mentioned above are becoming rich with the passage of time. In the contrast the middle class people, who are doing common jobs, are giving high amount of tax of their salary as compared to the ratio of elite class.

An Investigation of the impact of change on Sotheby's Research Paper

An Investigation of the impact of change on Sotheby's - Research Paper Example 5 Changes in Auctioneering Process†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦. 6 Impact of Technological Changes to Sotheby’s Company †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 7 Impact of Technological Changes on Buyers and Sellers†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 8 Financial Policy Changes†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦ 8 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 9 Recommendations†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦... 10 Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.... 12 Impacts of Changes to Sotheby’s Company Introduction and Background Sotheby’s is a multinational corporation that has its origin in Britain, but is currently headquartered in New York. It is one of the world’s largest brokers of decorative and fine arts real estate, jewelry, and collectibles (Innovation, Theories of Art, and Sotheby’s Company 2011, 63). The company divides its operations into three segments. These include finance, Dealer and auction. Among other products and services, the company deals in a range of services including Private Sales to Corporate Art Services. Traditional operations of Sotheby†™s Company make it the fourth oldest auctioneering company in continuous operation in over 40 countries and with 90 locations worldwide (Gus 2012, 44). By December 2011, the company boasted of 1446 employees worldwide. Sotheby’s is arguably the world’s largest art enterprise with global sales that totaled up to $5.8 billion in 2011 (Gus 2012, 44). Relative success of the company can be attributed to its efficient mode of operation that it established right from its inception in 1744 in London. The company has maintained a culture of management that looked at the business in three distinct dimensions. The company viewed and treated the business as having the categories of finance, auctions and finance. Sotheby’s is a master at managing timing during biding struggles among wealthy buyers. This is a unique piece of art the company has learnt to perfect and preserve over the years. Auctioneering capabilities of the company has made it become a marketing timer as w ell. In November 2013, the company’s shares were trading just below the highest level hit in two years. The company announced reviewing its finances and capital allocations in a bid to determine the best options it has of returning capital to shareholders. Terms of reference This report focuses on intricate analysis of the procedures the company uses to acquire and sell the products it involves in. Additionally, the research places emphases on financial changes that the company has developed and how it is expected to change the future of the company. Other than considering the changes that have taken place from the earliest years of the company, the research puts into account dynamics in the design of the business to the latest plans the company has. It is aimed at providing academic reference to academicians and general audiences who have the interest in knowing the development of Sotheby’s as it embraces changes over the decades of its existence. It was compiled and presented on 15, November 2013. Procedure In order to determine the effects of change on the operations of Sotheby’s Company, the research took an analytic assessment of publications concerning the