Friday, December 27, 2019

Cause and Effect Paper About Aliens - 988 Words

Cause and Effect Paper Ashamed of Human Society Today With all the technical advances ( computers cell phones) and the medical evolution you would think that we would be proud of our society, but when asked to write an essay about if aliens came to visit our planet from a higher developed civilization would we be proud or ashamed of the state of human race today, taking a deeper look into our race I can only conclude that they would be disappointed. Would they want to breath in our polluted air, see the disrespect that humans often give one another based on a race or culture, agree with our disregard for other living things, agree with our decisions to get abortions because we can’t live up to our mistakes, or would they be†¦show more content†¦Everything on this planet deserves the right to life. But most people only care about themselves now a days, they don’t have any regard to the other living things around us. Not only does this attitude and behavior affect humans, but it also affects the other life forms on the planet as well. All living species are interconnected and play a role in the environment. If one species becomes endangered or extinct, it has a huge impact on the rest of the species as well. For example, even though humans view bees as pests and try very hard each year to make sure these insects do not invade their yards, bees are a very essential part of nature. Bees are necessary in pollinating flowers so that they are able to reproduce. Without bees, this process would be impeded. This is an example of how humans take their environment for granted. In attempting to make life better for ourselves, we often mistreat the little things that help our planet and harm other species. Furthermore not only do we as humans have disregard for other living things, but a lot of people don’t even have respect for babies that don’t even have the chance to be born or live. Just because these babies are not out of the womb yet does not make them anyShow MoreRelatedTh e Enactment Of Arizona Immigration Laws1241 Words   |  5 PagesA.Thesis statement: The enactment of Arizona immigration laws is the result of long-standing structural racism effects, and the practice of these laws leads to unconstitutional racial profiling concerns that target the Latino community on the basis of ethnicity. B. Description of paper / argument: a. In this paper, I will first discuss the historical development of structural racism in Arizona. b. Second, I will examine and analyze Arizona’s current immigration policies. c. Finally, I willRead MoreDeportation Of Immigrants : Deportation Essay1456 Words   |  6 Pagesstates, is that families are inherently broken apart by the removal of a family member. Additionally, there are other psychological and psychosocial impacts on families that are far-reaching. Because of these and many other compelling factors, this paper argues that the US should work to prevent deportations, rather than enforce them. The Process of Deportation in the US Deportation is just a part of the entire process of illegal immigration enforcement as carried out by bodies such as the US CustomsRead MoreWhy Are The Hollow Moon And Related Theories?959 Words   |  4 PagesConspiracy theories are labelled by many as crazy. The people who believe them are labelled as even more crazy. What is it about these theories that draw people in and make them believe something that seems so ridiculous? What does believing in these theories do to people? Over the course of this paper, I hope to explain many of the reasons that people believe, and many of the effects of believing at least one branch of these conspiracy theories. The branch in question being the Hollow Moon Theory andRead MoreThe Immigration Act Of 19241732 Words   |  7 Pagesin government is â€Å"Who’s the Illegal Alien, Pilgrim?† made by Yolanda Lopez. Created in 1978, this poster is quite simple in its image with its lack of color but the techniques used to deliver the message are so complex that it debunks the initial apparent simplicity. The man in the â€Å"Who’s the Illegal Alien, Pilgrim?† poster represents an indigenous Mexican warrior who clutches a paper inscribed with the words â€Å"Immigration Plans.† The first thing noted about this image is the stance that the maleRead MoreDescription And Description Of Personal Details1716 Words   |  7 PagesEuropean Dactyloscopy) system is like a European register where fingerprints and other information about all asylum seekers in Europe over 14 years of age is entered and stored for a period of 10 years. All EU members currently participate in this scheme including Norway, Iceland and Switzerland. It has two exceptions: information about those who have obtained citizenship must be deleted and information about persons with formal refugee status under the U N convention is to be kept for a shorter periodRead MoreEssay on Why should the U.S have border patrol?1611 Words   |  7 Pagesin the right direction to stop illegal immigration and the effect it has on our country. Illegal immigrants are at fault for such things as smuggling drugs into the country, which increases crime rate. Illegal immigrants also deprive U.S. citizens’ from the lower and middle class of jobs. America will also lose money on taxes and schools lose funds in most public systems because of teaching illegal immigrants. â€Å"In 1965, the number of aliens apprehended by the Border Patrol coming across the borderRead MoreThe Origins Of Our Cities1726 Words   |  7 PagesThe topic statement I chose was The Origins of Our Cities. I am personally interested in what caused the cities to form and function the way it did. How did these cities of our past affect us today? The main focus of the paper is to identify the principle of the cause effect relationship in the development of these cities. The first cities were developed and formed near bodies of water and fertile areas of the region. For example, I wanted to do some research on the Sumerian civilization aroundRead MoreIllegal Immigration 1280 Words   |  6 Pagesrising number of illegal immigrants over the past ten years has led to an increasing concern about the effects of illegal immigrants on wages, national security, and public finances. Evidently, illegal immigration has been a source of economic stress, increased insecurity, low healthcare services, and reduced education standards. To delve deep in understanding the negative impact of illegal immigration, this paper critically explores how unauthorized immigration negatively impacts various social economicRead MoreUse of Language in Immigration1615 Words   |  6 Pagessociety. However, in recent years, the trend of undocumented immigration has taken an effect on the economic and social development of American society. Du ring the debates in the fun up to the 2013 elections, the democrat and republican candidates are finding themselves locked over divisive opinions on the issue. This paper discusses the effects of language in immigration rhetoric on the perception held by people about immigration. Different words presented to the public in different ways (positive orRead MoreMigratory Implications Of Media On Interracial Relationships1641 Words   |  7 Pagesalso has been a greater increase in the public being exposed to mass media. There have been numerous studies on interracial relationships, with variables like wars, legal matters, immigration and even military occupation. We will examine in this paper if media exposure has an impact on cross-cultural or interracial relationship in relation to immigration to the United States. I reason that there is a correlation between public opinion views and legal status of immigration to views on interracial

Thursday, December 19, 2019

Human Trafficking Is The International African Slave Trade...

The earliest form of human trafficking was the international African Slave Trade. This went on for years until it was banned. People began to start a White Slave Trade, whereas instead of Africans, they would trade caucasian women and girls against their will for prostitution (Oster, 2015). The criminalization of this did not happen until 1910 (Oster, 2015). In 1921, women and girls were the only ones being trafficked, and the reason was for prostitution and sexual abuse (Oster, 2015). Today, men and boys are also trafficked, but for labor positions like textile, agriculture, fishing, or other hard labor jobs. Today, the media is helping and hurting this issue. Human Trafficking is the illegal movement of people, typically for the purpose of forced labor or commercial sexual abuse. Traffickers use violence, threats, deception, debt bondage, and other manipulative tactics to force people into this business (Polaris, 2016). It is worldwide, ran and participated in by many, and brings in approximately $150 billion and involves 161 countries, annually (Polaris, 2016). Kids and teenagers are obsessed with phones and other electronics, but do they really know who they are talking and giving personal information to? Why do they do it? It’s all about the profit. A girl in Asia or Africa, who is forced into prostitution, brings in about $10,000 a year. If that same victim were to have been in an industrialized country, like America, she would have brought in approximatelyShow MoreRelatedHuman Trafficking Is The Exchange Of Human Beings Worldwide953 Words   |  4 PagesHuman trafficking is the exchange of human beings worldwide. As devastating as it is, human trafficking has been taking place since the United States was granted freedom from Britian. Everyone from the African Americans, children, women, and grown men have been victims of this color-blind crime. No one is quite sure how many African slaves were forced into America but the number is estimated to be between 92,000 and 291,126 between the U.S.’s birth of a nation and the Civil War (Ingersoll, 2005)Read MoreThe Global Impact Of Human Trafficking1640 Words   |  7 PagesThe Global impact of Human Trafficking Human trafficking is a global issue that receives very little attention throughout the modern world; this issue effects every country on the global and all different types of cultures. Hillary Clinton said in 2009 â€Å"Trafficking thrives in the shadows, and it can be easy to dismiss it as something that happens to someone else, in somewhere else, but that is not the case. Trafficking is a crime that involves every nation on earth, and that includes our own.† (BehnkeRead MoreLibrary Information / Literacy Project : Human Trafficking And Slavery1117 Words   |  5 Pagesinformation/Literacy project: Human Trafficking and Slavery Introduction: Human trafficking is a global epidemic that affect millions of victims that has being trafficked for prostitution and some forms of child labor across international borders. This human illicit trade and inhuman crime produces around $32 billion in profits each year. A five-year-old chained to a rug loom in India, a domestic servant enslaved and beaten in the Middle East and sex slave trafficked within the United StatesRead MoreTaking a Look at Human Trafficking842 Words   |  3 PagesNo nation is immune from human trafficking. Even the most powerful nations are not immune from modern day slavery.The main contributors to human trafficking are governmental corruption, economic and social crisis within each nations borders.Globalization is the development of an increasingly integration marked especially by free trade that transcends nation-state boundaries. Human trafficking represents a highly and interconnected world because as the world evolves and people become more connectedR ead MoreHuman Trafficking Is The Illegal Act Of The Trading Of Human Beings1510 Words   |  7 PagesHuman trafficking is the illegal act of the trading of human beings for the main purposes of sexual slavery, and forced labor. The 1400’s was the beginning of the African slave trade and has been going on ever since. This crime started in the 1400s and has been ongoing ever since, growing exponentially every decade. This crime is a violation of human rights and yet it is happening worldwide, even here in the United States. This needs to be stopped because victims in this system experience physicalRead MoreSlavery in the Past vs. Human Trafficking in the Modern World909 Words   |  4 PagesSlavery What are the differences and similarities between slavery in the past and human trafficking in the modern world? Over the last several years, the issue of human trafficking has been compared with the slave trade. This is because both are focused on taking someone against their will and forcing them to engage in demeaning activities. Yet, the practices of modern traffickers are different from slave traders. To fully understand the similarities and disparities requires contrasting them withRead MoreSlavery in History713 Words   |  3 Pagescaucasian and the African americans. When you think of slavery, what do you think of? Who is affected? Slavery is so important because it was a geological and world-wide act. This act of slavery affected many people for the good and the bad. The economy and plantation owners were affected in the act of slavery. You should be informed that, how slavery affected the United States, how does human trafficking collide with slavery, and the living conditions of the slavery and human trafficking. Slavery didRead MoreMany Women And Young Girls Dream Of Having A Better Life.1281 Words   |  6 Pagesof being forced into enslavement, or better known globally as human trafficking. Every year though, it is estimated that anywhere between 600,000 to 800,000 women are lured, coerced, or forced against their will into the black market of human trade. Human trafficking is prevalent throughout the world, especially in Asia and more specifically in China. The United Nations Office on Drugs and Crime (UNODC) defines the exploitation of human beings as â€Å"the acquisition of people by improper means such asRead MoreHuman Trafficking Is The Third Largest International Crime Industry1236 Words   |  5 PagesAccording to â€Å"11 Facts About Human Trafficking,† â€Å"between 14,500 and 17,500 people are trafficked into the United States each year. Human trafficking is the third largest international crime industry (behind illegal drugs and arms trafficking). It reportedly gene rates a profit of $32 billion every year. Human trafficking victims can easily get STD’s, HIV/AIDS, untreatable diseases, cultural shock, and many more severe health problems.† Slavery also has dealt with these similar statistics and healthRead MoreHuman Trafficking : A Global Issue1280 Words   |  6 PagesThe African Slave Trade began long ago in the 15th Century, after the Portuguese started exploring the coast of West Africa. It is now six centuries later and we as a human race still cannot say that slavery has ended. Since the onset of African slave trading, trafficking of women and children has since developed and atrociously branched into the trafficking of human organs as well as sex. It wasn t until several hundreds of years later that the Emancipation Proclamation would be created and signed

Wednesday, December 11, 2019

Business Orientation Of Tesco - Myassignmenthelp.com

Question: Write an essay on business orientation of Tesco. Answer: The purpose of this report is to evaluate business orientation of Tesco. This report consists of different marketing strategies, which has been adopted by Tesco for being market oriented. The term market oriented strategy refers to the process of attracting new consumers towards the brand along with retaining the existing consumers (Ballantyne 2015). In retail industry, the market competition is high in contrast with any other industries. Therefore, customer centric strategies are the key success factor for Tesco, which facilitate the organization for gaining competitive advantages (Line and Wang 2015). This report further consists of recommendations for the management of Tesco for making the organizational strategies more consumers centric. Background of the organization Tesco is the third largest retail organization of global market, which is founded in 1919. Since then, the company is satisfying their consumers with high quality. The company has more than 6814 stores in global market. When it comes to revenue, Tesco is the second largest retail organization of global market. In UK, Tesco is known as the leader of grocery market and holding 28.4% of market share. The major business strategy of Tesco is to expand in global market for ensuring business sustainability. Moreover, the product quality product and pricing strategy of Tesco makes the company reputed in retail industry. Objectives of the organization Following are the objectives of Tesco: To expand overall sales volume within next five years To attract consumers with effective pricing and promotional strategies To communicate with the consumers for gathering valuable feedbacks from the consumers To improve organizational performance based on the consumers feedbacks Marketing strategies of the organization Tesco has adopted a customer centric marketing strategy, which helps the company to gain competitive advantages. The company is known for its efficient pricing strategy and product quality. Moreover, the company has adopted different market oriented strategies for attracting consumers from competitive market (Lin et al. 2016). Following are the components adopted by Tesco for being a market-oriented organization. Customer Focus In order to be a market-oriented organization, it is highly important to build efficient communication with the existing and potential consumers. Therefore, Tesco has adopted a communicative organizational culture, which helps the company to understand changing needs and demands of the consumers (Koh and Wong 2015). The major reason of understanding the changing needs of consumers is to solve consumers issues for better buying experience. Following are the steps followed by Tesco for fulfilling requirements of this marketing component (Santouridis and Stoumbou 2015). Listen: Tesco accumulates consumers feedbacks regarding the product quality, availability and price feasibility through their website. Tesco gives high priority to the consumers voice and therefore, consumers are not required to wait for communicating with the management of Tesco (Shah and Jain 2015). Additionally, this strategy helps the consumers to share their post-purchase behavior, which actually helps the company to improve consumers buying experience. Solve: Tesco not only gather feedbacks from the consumers, but also gathers feedbacks from the consumers for increasing consumers satisfaction (Homburg, Jozi and Kuehnl 2015). In order to solve consumers issues, Tesco has days return and refund policy. Impact: The above strategies help Tesco to maintain business sustainability by increasing consumers trust factors (Verhoef and Lemon 2015). Moreover, the organization focuses on environmental protection in order to attract consumers and other stakeholders in competitive market. Competitor Focus This strategy helps Tesco to understand the actual position of the competitors. It helps the company to understand the procedures followed by the competitors for satisfying needs and requirements of the consumers (West, Ford and Ibrahim 2015). In other words, competitive focus allows the organizations to implement better strategy in contrast with the competitors strategies. For example, Tesco follows competitive pricing strategy in which the company provides product at low rate than the competitors (Lederer, Schott and Keppler 2015). Moreover, the promotional offers provided by Tesco are considering the competitors activities. Therefore, it can be said that Tesco relies on competitors activities in order to adopt a customer centric approach. Additionally, Tesco has adopted Low Price Everyday approach for attracting new consumers from the competitive market. Product Diversification Strategy In order to satisfy needs and requirements of every type of consumers, Tesco has implemented product diversification (Saad, Hassan and Shya 2015). This strategy helps the company to expand business operation in different fields, which affects business profitability positively. In primary stage, Tesco has started with food products; however, the company has expanded in different fields such as tourism, telecommunication and financial sector (Alteren and Tudoran 2016). The reason behind adopting product diversification is to influence consumers buying behavior. The purchase decision-making process of consumers consists of a step, where consumers identify the actual requirements. Adopting product diversification helps the company to attract different consumers with different needs and requirements. Issues of the organization There are several issues faced by the organization, which prevents the organization from understanding consumers needs and requirements. In order to implement a consumer centric approach, it is highly important to understand the shoppers target in which Tesco is lagging remarkably (Ballantyne 2015). Moreover, the feedback evaluation process of the company is not much effective than the competitors in UK market (Line and Wang 2015). Therefore, it can be said that the issues faced by Tesco prevents the company from being a market-oriented organization. The basic attribute of market-oriented company to be consumer centric and on the other hand, Tesco fails to generate accurate data from the consumers feedback. Following are the issues faced by Tesco while implementing market-oriented strategies (Lin et al. 2016). Customer evaluation: The customer evaluation process of Tesco is not satisfactory enough to attract the consumers. In other words, feedbacks of the consumers are not evaluated efficiently, which prevents the organization from resolving consumers issues (Koh and Wong 2015). However, the company has an effective policy of communication in which the company establishes communication with the consumers. A low quality data evaluation prevents the organization from understanding the actual issues of the consumers; thus, improving the overall process becomes difficult. Employee efficiently: The employees of the Tesco are unable to deliver the designed service to the consumers, which prevent the organization from attracting consumers from competitive market (Shah and Jain 2015). Employees of an organization are solely responsible for communicating with the consumers. However, Tesco does not have any training program for educating the employees regarding how to evaluate consumers feedbacks. On the other hand, market oriented strategies are implemented for framing organizational goals and objectives for satisfying changing needs and requirements of the consumers (Homburg, Jozi and Kuehnl 2015). Therefore, it can be said that employee efficiency is one of the major issue faced by Tesco, which prevents the organization from attracting new and existing consumers. Recommendations In order to adopt customer centric strategies, Tesco should give high priority to the consumers feedbacks. In this manner, the company will be able to understand the consumers issues regarding the products and policies. For example, the return and refund policy of the company may dissatisfy a group of consumer. Therefore, the company needs to amend the policies in order to satisfy the consumers accordingly. However, Tesco should not change the complete organizational policies completely based on the consumers feedbacks. Following are the possible ways to improve market-oriented strategies for Tesco. Employee training: Tesco should focus on employees knowledge in order to improve consumer centric strategies. Therefore, Tesco needs to implement efficient training program for increasing knowledge of the employees regarding how they can build effective communication with the consumers. Gathering feedbacks from the consumers is not sufficient; the company needs to build healthy relationship with the consumers too for increasing customer retention. On the other hand, a market-oriented company is known for its customer centric strategy. Educating the employees regarding feedbacks evaluation is a customer centric strategy, in which the voice of consumers can be evaluated properly. Competitive pricing strategy: Competitive pricing strategy refers to the process of modifying the pricing strategy as per the market competition. In this strategy, the company should monitor the pricing strategy of the competitors randomly. Incorporating this strategy will help Tesco to provide products at lowest rate. Providing high quality products at low price will help the company to attract new consumers from competitive market. However, it is not possible to provide best quality product at lowest price. Implementing low pricing strategy can affect consumers trust factors negatively. Therefore, the company needs to adopt a suitable pricing strategy, which can affect both consumers buying behavior and trust factors positively. Customer communication: Tesco should spontaneously communicate with the consumers in order to understand the changing needs and demands of the consumers. A healthy communication strategy will help the company to gather consumers feedbacks regarding the product quality along with the post-purchase behavior of consumers. In order to implement customer-oriented strategy, the company should build healthy relationship with the consumers for increasing customer retention. If Tesco can build healthy relationship with the consumers, then it will be possible to increase consumers trust level. Therefore, it can be said that the company should adopt this strategy for improving their relationship with the consumers. Challenges of implementing the proposed strategies The above-mentioned strategies are efficient for improving consumer centric strategy of Tesco. However, there are different barriers that Tesco can face after implementing these strategies (West, Ford and Ibrahim 2015). The strategies recommended above are completely consumer centric and therefore, the consumers can take advantages from the easy polices. For instance, if Tesco modify the replacement policy according to the consumers requirement, then it can affect organizational profitability negatively. On the other hand, this strategy can satisfy the needs and requirements of the consumers to the highest extent (Saad, Hassan and Shya 2015). Therefore, it is important to implement certain measurements in order to get rid of the potential threats. The advantages of the above-mentioned strategies, Tesco needs to implement a balanced policy in which the company can facilitate both organizational and consumers interest. In other words, the company should have a basic philosophy while fr aming organizational policies rather than following consumers instruction accurately (Alteren and Tudoran 2016). Following are the potential threats for Tesco after implementing the proposed strategies. Low profitability: A competitive pricing strategy prevents the organization from delivering high quality product. In UK retail market, the competition is very high and therefore, many organizations have implemented low pricing strategy. Reducing price to the highest extent can affects profitability of the organization (Verhoef and Lemon 2015). On the other hand, reducing product quality can affects satisfaction level of the consumers negatively. Therefore, it can be said that a customer centric approach can hamper brand image of the company. In order to gain benefit from the proposed strategy, Tesco needs to focus on brand image along with market competition (Lederer, Schott and Keppler 2015). It is not possible to compete with the companies those are delivering low quality products at low price. Low brand image: Communicating with consumers frequently can affect the brand image of the company negatively. The information provided to the consumers is sensitive in nature and therefore, rival companies can use that information against the organization (Saad, Hassan and Shya 2015). Therefore, the organization should not provide frequent information to the consumers. In order to improve brand image, Tesco should understand the priority of the information that can be sent to the consumers for attracting them towards the company. Conclusion After preparing this report, it can be concluded that Tesco needs to improve their strategies for implementing a consumer centric organizational strategy. In order to improve organizational performance randomly, the company has adopted different strategies, which are market oriented in nature. On the other hand, evaluation of organizational strategies, it can be understood that the company is facing different issues. The recommendations proposed in this report are efficient and need efficient monitoring process for gaining positive outcome. This report consists of procedures in which Tesco can gain beneficial outcomes from the suggested procedures. In order to retain consumers from competitive market, Tesco needs to improve their strategic activities according to the proposed recommendations. Reference list Alteren, G. and Tudoran, A.A., 2016. Enhancing export performance: Betting on customer orientation, behavioral commitment, and communication.International Business Review,25(1), pp.370-381. Ballantyne, D., 2015. IS MARKETING BLIND TO THE INTERNAL CUSTOMER?.THE NORDIC SCHOOL, p.183. Homburg, C., Jozi, D. and Kuehnl, C., 2015. Customer experience management: toward implementing an evolving marketing concept.Journal of the Academy of Marketing Science, pp.1-25. Koh, A.C. and Wong, J.K., 2015. The Impact of International Marketing Research on Export Marketing Strategy: An Empirical Investigation. InProceedings of the 1990 Academy of Marketing Science (AMS) Annual Conference(pp. 172-175). Springer International Publishing. Lederer, M., Schott, P. and Keppler, A., 2015. Using a strategy-oriented business process modelling notation for a transparent company-wide business control system.International Journal of Decision Support Systems,1(3), pp.325-347. Lin, C.H.V., Sanders, K., Sun, J.M.J., Shipton, H. and Mooi, E.A., 2016. From Customer Oriented Strategy to Organizational Financial Performance: The Role of Human Resource Management and Customer Linking Capability.British Journal of Management,27(1), pp.21-37. Line, N.D. and Wang, Y., 2015. Market-Oriented Destination Marketing An Operationalization.Journal of Travel Research, p.0047287515622288. Saad, N.M., Hassan, S.H. and Shya, L.M., 2015. Revisiting the relationship between internal marketing and external marketing: The role of customer orientation.The Journal of Developing Areas,49(3), pp.249-262. Santouridis, I. and Stoumbou, M., 2015. Measuring Customer Relationship Marketing Outcomes in the Greek Banking Sector. InIndustrial Engineering, Management Science and Applications 2015(pp. 881-890). Springer Berlin Heidelberg. Shah, T.R. and Jain, A., 2015. Customer oriented service culture and its impact on customer loyalty in organised retail context.International Journal of Indian Culture and Business Management,11(1), pp.23-42. Verhoef, P.C. and Lemon, K.N., 2015. 4. Advances in customer value management.Handbook on Research in Relationship Marketing, p.75. West, D., Ford, J. and Ibrahim, E., 2015.Strategic marketing: creating competitive advantage. Oxford University Press.

Tuesday, December 3, 2019

What should be done to preserve Social Security for the future Essay Example

What should be done to preserve Social Security for the future? Essay Social security is the providence of economic aide to the deserving people of the society e.g. the old, poor and unemployed (due to disability or old age), and even in some cases the dependant children in a family. â€Å"Social security primarily refers to social welfare service concerned with social protection, or protection against socially recognized conditions.† (Social Security Wikipedia) In some countries government sponsored social security schemes are mandatory and â€Å"pensions† are provided to all the unemployed or retired old people in the country. It is sometimes deducted as a part of tax from the incomes of people and then paid as pension upon retirement. Pensions or other social security schemes may range from a mere financial help to the providence of homes, old age services and free medical care depending on the country and the policies in consideration. â€Å"Public retirement programs are important both to individuals and to national economies. They are the principal source of income of the aged in most industrialized countries [†¦]† (Rosa and Catellino p.2) However, in most recent times the graying populations in various countries seem to pose myriad problems for their respective governments. The crisis faced is providing extensive social security services which have evolved over the years to a huge population of old people on the expense of the taxes of the employed younger generation. This issue has threatened the social security system of many nations and various proposals regarding the preservation of social security are now under consideration. We will write a custom essay sample on What should be done to preserve Social Security for the future? specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on What should be done to preserve Social Security for the future? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on What should be done to preserve Social Security for the future? specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Different ways of preserving Social Security in the future At present many government sponsored social security schemes are funded by the â€Å"pay as you earn† policy and hence the amount paid by the individual himself/herself is used to provide social security services upon retirement. However, the inclusions of whole families in social security programs, especially those sponsored by the government have caused complications. Government has at times no choice but to use the social security funds on alternative issues other than the providence of social security. According to analysts, â€Å"the government used payroll tax surpluses to avoid making tough choices in addressing deficits in rest of the budget.† (Penny â€Å"Best way to save social security†) This can cause difficulties in continuing the social security system in the future. Since social security is the basic earning of the old. Disabled and many unemployed women, its continuance holds immense significance for the citizens of a country. Quite a few ways of preserving social security have been proposed and their pros and cons have been discussed by economists and concerned officials in various countries. Some of these possibilities of saving social security are being discussed here. Privatization of Social Security Privatizing social security involves the transition from an unfunded pay-as-you-earn system to the development of a mandatory system of privatized saving accounts. It is expected that this would not only improve the overall returns to the owners of these accounts as compared to the conventional system but also help to boost the economy. As it is becoming increasingly difficult to maintain a social security-keeping in view the phenomenon of graying populations- privatizing social security will open doors to better opportunities for both the consumers or social security receivers and the government by removing much of its economic burden. Privatization of social security system is being considered seriously for implementation by many countries around the globe including the United States. The main reason for considering this step is the successful outcome of privatizing social security in Chile. â€Å"Chile’s privatization coincided with spectacular takeoff of its economy and has led some observers to suggest that privatizing social security was the key to Chile’s economic growth.† (Feldstein p.265) The benefits of privatizing social security can be fully understood by understanding how the social security system lays a heavy burden on the governments economy since it not only depends on the taxes paid by the current generation but also by the future generation. Social security is actually dependant on the taxes paid by the future generations for the current generation because the taxes paid by the current generation are not saved in fixed accounts for their own use (as discussed above) but used by the government according to the demand of the situations hence the system is subject to changes in case conditions in future alter drastically. This system is depends not only on future tax payroll revenues but also labor market distortions. In addition, the current system does not invest the taxes or funds collected in investment plans but merely pay them out on regular basis. Privatization will not only help reduce the taxes but also make available the possibility of investing the individual funds for social security overall improving the output received by the people and improving the condition of the economy. â€Å"Social Security drains capital from the poorest areas of the country, leaving less money available for new investment and job creation. Privatization would increase national savings and provide a new pool of capital for investment that would be particularly beneficial to the poor.† (Tanner â€Å"Big boost for the poor†) Safe deposit or lock box deposit Safe deposit or â€Å"lock box deposit† is another way of saving the social security funds from being spent on other issues. The lock box deposit is being considered mainly in the USA and in a few other countries. In this proposed method of preserving the social security for the future, the social security funds would be kept completely separate from other funds and the expenditure of the social security funds on other issues will be prevented. Instead the government would be able to invest these funds in the stock market, hence being able to receive profit on these funds. This will not only secure the retirement pension plans but also help in ameliorating the economic conditions. In this way, the social security will not be privatized, stay in governmental control and both the people and the government will be benefited. Saving the surplus in this method would help pay national economic debt and enable the economy to set on a new path of progress. However, it is very difficult to ensure that the government policy makers would not be inclined towards using these funds on alternative issues depending on the situations which confront them. â€Å"Its very hard for government to prevent the spending of Social Security money because its the government itself that wants to do the spending.† (Penny â€Å"Best way of saving social security†) Increasing taxes Many governments facing the problems of retirement pension plans have proposed increasing taxes. An increase in the tax payrolls may seem to be a temporary solution to the long term social security problem. â€Å"There are, however, good reasons not to close the Social Security shortfall through an immediate increase in the payroll tax. Because of growing wage inequality, the real wages of most of the workforce have actually declined over the last two decades. Workers who have been experiencing declining before-tax wages are ill-situated to cope with a new tax increase.† (Baker â€Å"Saving Social Security in Three Steps†) Increasing the taxes would not only put burden on the current employed people but also provide only a very short lived solution. In the long run a further increase in the taxes would be required and hence the raising taxes alone would not be a suitable or feasible situation. Personal Saving Accounts If the people are given more control over their own funds then these funds could be protected from being spent by the government on alternatives. In order to give this control to the people, maintenance of personal accounts under government supervision seems a feasible option. According to this scheme people’s funds which would in future be used for the purpose of providing retirement pensions and other social welfare benefits, would be deposited in separate or individual accounts. â€Å"Assets set aside to fund future obligations are most likely to be insulated by a system in which ownership and control rest with individuals.† (Penny â€Å"Best Way to Save Social Security†) The funds in these personal accounts could be used in investments according to the desires and demands of the individual. This would transfer greater control to the individual and secure a source for diverse situations. â€Å"A system of personal retirement accountsprivately managed, owned by workers, and fully funded with a portion of their payroll taxeswould have other benefits as well. For example, such a system would create a direct link between the taxes workers pay and the benefits they can expect to receive, that link being the market rate of interest.† (Weaver â€Å"Personal Security Accounts†) This would be a very beneficial solution. People would have a clear picture of what they will get in the future when they retire. The government’s problem of trying to keep the retirement funds and other national funds would be solved and un necessary increase in tax could be prevented. Conclusion Social Security or more specifically speaking retirement pension plans are very important for those who are solely depending on these funds in the absence of an employment. A person may utilize these funds upon retirement in old age or if unable to pursue a job in case of a disability. Hence social security holds immense importance since it is the main source of sustenance for the old and the disabled. It is the duty of the government to provide social security.   When it claims taxes from its people, it is also responsible for providing retirement pension and social welfare system for the citizens. Since in recent times economic problems are rising combined with the problem of graying population, more old people have to be provided with social security at present as compared to the past. Therefore, effective steps have to be taken to ensure that social security system continues in the future as well. Privatization, setting up of personal security accounts or setting aside the taxes and investing them in the stock market are all various options which different governments can adopt according to the situations prevalent in their countries. No matter which option may be chosen from these possible solutions or others which may be proposed in the future, the most important aspect is to continue the system of social security without putting an extra burden on a country’s economy. This is very well possible if a systematic approach is adopted. Social security is a right of the citizens of a country especially when they have honestly paid their taxes. Hence the governments shoul d take every possible measure to ensure that their future is secured.