How Much Does It Cost to Save Essay - 2398 Words

How Much Does It Cost to Save? The impact of software development offshore outsourcing has many economic and social impacts. Economically, India is thriving with GDP growth accelerating exponentially including having the potential to achieve double-digit growth.1 Meanwhile, in the United States, the numbers relating to developer jobs are quite the opposite. Most figures suggest that by 2015, roughly 3.3 million business-processing jobs will have moved abroad. As of July 2003, around 400,000 jobs already had.2 Socially, job loss has many strong emotional implications. Job loss due to cost cutting measures coupled with the dot-com layoffs in Silicon Valley conveys an outlook for finding a technical position quite bleak. In†¦show more content†¦In order to compete, US developers would have to take a reduction in salary. This conflicts with the cost of living in places like Silicon Valley. Cost cutting though ultimately has many benefits for companies and individuals as it opens up other opportunities and investments. Silicon Valley firms have used resources freed up through offshore production to develop new products, new industries, and new employment opportunities.4 A Silicon Valley engineer may not like the opportunities that come up because of outsourcing, but they are there. Gregory Mankiw, chairman of the White House Council of Economic Advisors, feels that â€Å"there will be jobs in the future because this is a vibrant economy, a dynamic economy.†5 Mankiw’s support for outsourcing is without a doubt supported by financial analysts in India. A member of Delhi Stock wrote in the India Times that Mankiw â€Å"clearly had logic and facts on his side; a detailed study by Deloitte in August 2003 estimated that approximately 356 billion of work for the global financial-services industry alone will be relocated offshore within the next five years† leading to aShow MoreRelated math lesson Essay1734 Words   |  7 PagesAlexander, Who Used to Be Rich Last Sunday: Understanding Opportunity Costs Grade Level:2, 3, or 6th Duration: three 50-minute class periods Student Goal: To understand that there is an opportunity cost to every economic decision and that these costs come as a result of limited resources. Student Objectives Students will: †¢ Identify quot;opportunity costsquot; in the story and in their own lives. †¢ Create an opportunity costs bar graph as a whole class. †¢ Complete a table of personal spendingRead MoreReducing Costs With Fsm Automation1119 Words   |  5 PagesTitle: Reduce costs with FSM automation SEO: field service management software, FSM solution, service scheduling Every company wants to improve. Most companies want to reduce costs, improve customer service and increase efficiency – which is a challenging goal. Luckily, field service management software, combined with field service reps on mobile technology, is the killer app that not only improves customer service, but also increases efficiency to reduce your field service expenses. In the pastRead MoreHow to Save Money1014 Words   |  5 PagesTopic: Save money General purpose: To inform/demonstrate Specific purpose: To demonstrate my audience how to save money Central idea: Easy and cheap tips/ideas to learn how to save money on daily basis, and improve our financial life Strategic order: Chronological INTRODUTION I. For what do you want to save for? What is your goal? A. Saving money, improving your financial life, building wealth. It all starts when you set a goal and make a plan to reach that goal. B. Starting is alwaysRead MoreTotal Cost Minimization : The Cost Of Money1670 Words   |  7 PagesTotal Cost Minimization There are many problems in the world today, ranging from war and fighting, to disease and starvation. However, one of the biggest issues in today’s day in age is money. People either have too much money or not enough of it. Money is something that everybody needs to survive in order to support themselves as well as their families. In order to maintain a decent amount of money, people are always thinking of ways to save money and reduce the amount of money spent on a day toRead MoreCollege And University : The Reality Of Adulthood And How This Impacts On A Financial Scale? Essay1372 Words   |  6 Pagesschool graduation. One of the many issues students face is the reality of adulthood and how this impacts themselves on a financial scale. For instance, many students have not had to save their money nor do they have much of it (however, it depends on the family situation). With that said, they do not know how much one year of post-secondary education is going to cost them. The refore, some students do not save any money until the summer of or year before they leave for post-secondary. Students inRead MorePlanning For Retirement And Aging1511 Words   |  7 PagesFewer than half of Americans have calculated how much they need to save for retirement. After working for a lifetime, retirees want to know that their golden years will be just that - golden, and spending some of those years in a sub-par nursing home is sure to make the experience much more difficult to enjoy. Planning for retirement can be confusing and overwhelming at times. This is why it is vital to talk about what the potential needs are and what the costs of living out the rest of their lives mightRead MoreIts Better late Than Never897 Words   |  4 Pagesplan, keeping in mind the various cost estimates and timelines involved. Ryan figures that the two largest expenses down the road would be those related to the wedding and down payment on a house. He estimates that the wedding, which will take place in twelve months, should cost about $15,000 in today’s dollars. Furthermore, he plans to move into a $250,000 house (in today’s terms) after 5 years, and would need 20% for a down payment. Ryan is aware that his cost estimates are in current terms andRead MoreCostco Wholesale Corporation ( Cost )1567 Words   |  7 Pages672 warehouses all around the world. (Costco, n.d.) As shown from their own website, â€Å"Costco is a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise.† (Costco Wholesale Corporation(COST), 2015) Costco is a big success in wholesale and retailer industry, and it has its unique value chain business model that make it outperform other competitors, such as Wal-Mart or Target. As go through all the research sources, Costco has focusedRead MoreHow A Wedding Can Be Stressful And Plain Scary786 Words   |  4 Pages So how much should a couple expect to shell out before saying â€Å"I do.†? How much does the average wedding cost? This is actually a more complicated question than it appears. CNBC reported that the average wedding costs $28,400 by one unnamed source and an average of $26,000.00 by other unnamed source. However, the national average is not the best indicator of how much a wedding costs because some states averages are higher than others. For example, in New York City, the average cost of aRead MoreJohn Wesley s Three Christian Prudence908 Words   |  4 PagesTake a moment to look into the sentence â€Å"the use of money† what does that truly mean to someone? Is it how we spend money? How we save money? How we help someone who needs money? What does it mean when asked what does the use of money mean? John Wesley mentions three Christian prudence on the use of money and defines exactly what it means by the use of money. As the social human beings that we all, are we tend to have our eyes on the latest trends and gadgets, and with them having the word â€Å"new†