Category: Business

Statistics Of Drug Abuse At Work Place

According to National Business Group on Health, Employer’s Guide to Workplace Substance Abuse published in 2009, many interesting facts were revealed.

It is astonishing that 75% of Americans using illicit drugs (14.8 million) are employed. This seems to be ridiculous as they are educated, they need to prevent others from taking drugs. It was found that Employees who use illicit drugs are in between the ages of 18 and 25 and are less educated, male, unmarried, white, and low-paid. I feel they are not matured to understand the negative impact of these drugs. Some industries, which have highest rates of illicit drug use, are food service, construction, Arts, entertainment and recreation, retail and transportation. As these industries have less security and no standards of drug testing, employees are more prone to drugs.

A analysis of the economic impact of substance abuse treatment in Ohio revealed that there is notable improvements in job-related performance like 91 percent decrease in absenteeism, 88 percent decrease in issues with supervisors, 93 percent decrease in errors in work, a 97 percent decrease in on-job damages.

GM Begins Layoffs Spree

The Fed has asked GM to come up with a survival plan, in order to receive the billions of survival aid it has asked for. What else can be the big picture of a survival plan of an organization in such situation? It is simply the Layoffs!

GM is to cut thousands of white-collar jobs, as promised to the government. In US the first round of layoffs is likely to be of around 3,400 jobs. GM also has plans to cut around 4,700 jobs all over the world. Presently GM is surviving on the $13.4 billion loan given by the government. Even though it is in tough times and has requested for $16.6 billions more.

GM is also enticing its blue-collar workers to leave the organization. The enticement plans include buyouts, early retirement and incentives, and money vouchers to buy a GM model car.

GM is also going to cut some of its eight brands, meaning more layoffs.

Types of Markets

Although many markets exist on the traditional sense–such as a flea market–there are various other types of markets and various organizational structures to assist their functions.

A market can be organized as an auction, as a private electronic market, as a shopping center, as a complex institution such as a stock market, and as an informal discussion between two individuals.

In economics, a market that runs under laissez-faire policies is a free market. It is “free” in the sense that the government makes no attempt to intervene through taxes, subsidies, minimum wages, price ceilings, etc. Market prices may be distorted by a seller or sellers with monopoly power, or a buyer with monopolic power. Such price distortions can have an adverse effect on market participant’s welfare and reduce the efficiency of market outcomes. Also, the level of organization or negotiation power of buyers, markedly affects the functioning of the market. Markets where price negotiations do not arrive at efficient outcomes for both sides are said to experience market failure. Statewide laws and regulations regulate most markets. While barter markets exist, most markets use currency or some other form of money.

Markets of varying types can spontaneously arise whenever a party has interest in a good or service that some other party can provide. Hence there can be a market for cigarettes in correctional facilities, another for chewing gum in a playground, and yet another for contracts for the future delivery of a commodity. There can be black markets, where a good is exchanged illegally and virtual markets, such as eBay, in which buyers and sellers do not physically interact. There can also be markets for goods under a command economy despite pressure to repress them.