How the deficits of the 1980's contributed to the prosperity of the Term Paper

How the deficits of the 1980's contributed to the prosperity of the 1990's - Term Paper Example These are: (1) to reduce the growth of government spending, (2) to reduce the marginal tax rates on income from both labor and capital, (3) to reduce regulation, and (4) to reduce inflation by controlling the growth of the money supply† (Niskanen, â€Å"Encyclopedia†). These changes reduced taxes for most wage earners, and most of the poor were actually exempted from taxes. Reagan also eliminated price controls on oil and natural gas, long distance telephone service, and ocean shipping. As reported by the Joint Economic Committee in April of 2000, Reagan’s polices resulted in the largest peacetime economic boom in American history. It also resulted to 35 million jobs for many Americans. The committee reports, â€Å"[i]n 1981, newly elected President Ronald Reagan refocused fiscal policy on the long run†¦these were fundamental changes that proved the foundation for the Great Expansion that began in December 1982† (Sperry, â€Å"Issues†). At the b eginning of the 1990s when Reagan’s tax rate cuts were set in place, tax payers who earned more were taxed more, and those who earned less were taxed less. This gave a chance for those in the lower rungs of the economic ladder to recover from their difficult economic situation. The reductions in income tax for those who had lower income were so dramatic because President Reagan doubled the personal exemption; he also increased the standard deduction, and he tripled the earned income tax credit. Earned income tax credit gave net cash to single-parent families with children at the lowest income levels. Reagan’s economic policies practically took from the rich and took less from the poor, and this gave the lower income group in American society a chance to recover and improve their lives. The eventual manifestations of improved life were later seen in the 1990s. The stimulants for growth in the 1990s can be traced back to the economic measures and policies which were implemented during the

Recruitement Research Paper Example | Topics and Well Written Essays - 2500 words

Recruitement - Research Paper Example This would then be advertised as appropriate. The Pepsi website often advertises jobs to support recruitment of staff members. Pepsi also recruits from Twitter and LinkedIn. These social media enables them to send job vacancies to people who qualify for them. At other times, they send the vacancy advert to local newspapers. For top level jobs or jobs at regional or international levels, they advertise in international media like global news channels like Al Jazeera and global newspapers like TIME magazine. Candidates apply to Pepsi when they feel they are qualified. Once applications are received for the recruitment exercise, the appropriate HR staff and relevant managers assess the claims and offer jobs. Pepsi is in competition with major companies like Coca Cola. As such, they will need to ensure that they recruit only the best people who can keep Pepsi at the top. This is because if they get the best in the industry, they are likely to overtake their competitors. Pepsi appears to be a friendly organization because they offer people the chance to work with them. Their website shows a lot of details about their recruitment. This presents them as a positive organization to the world. Organizational goals in Pepsi is always matched with the mission and vision declared by the management of the company. As such, recruitment enables the management of Pepsi to ensure that only the best people who can attain a given vision at every point in time are employed. This enables them to use their human resource in the most effective and most strategic way possible. Since Pepsi is a big organization, putting together a recruitment campaign is expensive. First of all, they will have to maintain a big human resource management team that would continue to study the organization and plan recruitment activities. Secondly, the costs of advertising and maintaining the Pepsi website is bloated because of recruitment. Additionally,