1. THE UNITED STATES IN THE 1990’S
C H A P T E R 26
THE
UNITED STATES
IN THE
1990’S
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S E C T I O N 2
THE NEW
GLOBAL
ECONOMY
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3. CH 26 - THE U.S.A. IN TODAY'S WORLD
“ECONOMIC CHURN”
CHANGES IN JOBS
DUE TO “PROGRESS” ’S
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
@ LOWER PRICES
“OUTSOURCING”
SERVICE JOBS
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12. WTO – WORLD TRADE ORGANIZATION
Members
Observers
Others
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13. DOLLAR AMOUNT IN FOREIGN TRADE PER PERSON - 2003
$0-$250
$251–$999
$1000-$4999
$>$5000
NO DATA
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15. THE U.S. HAS A GROWING TRADE DEFICIT
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16. WHO THE U.S. HAS A TRADE DEFICIT WITH
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19. TYPE OF GOODS CAUSE THE U.S. TRADE DEFICIT
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20. UNITED STATES 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
Software Engineer
$70,000
$16,100
$86,100
$51,500
$34,600
Content Writer/ Editor
Web Developer
$58,500
$13,400
$71,900
$43,000
$28,900
Payroll Clerk
$38,000
$8,700
$46,700
$28,000
$18,700
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21. Gross Domestic Product per Capita1.
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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