The US economy attracts labors world-wide

Reasons Why US Economy Attracts the Worldwide Labor in general

and Vietnamese Labor in particular

TOPIC

GROUP 2- E2

Bui Bich PhuongHoang Dieu TrangLe Minh ThuNguyen Thanh HoaNguyen Thi DungNguyen Thi Vui

CONTENT

PART I: INTRODUCTION

PART II: BODY

I. Overview the labor force in US

II. Reasons why US economy attracts labors

in the worldwide

III. Vietnamese labor in US

PART III: CONCLUSION AND DISCUSSION

I. OVERVIEW THE LABOR FORCE IN US1. Waves of immigrants

US = A NATION OF IMMIGRANTS

I. OVERVIEW THE LABOR FORCE IN US2. Labor force in US

The history of the US labor is a story of dramatic change

I. OVERVIEW THE LABOR FORCE IN US2. American labor force

http://www.marketplace.org/topics/economy/visual-history-us-workforce-1970-2012

I. OVERVIEW THE LABOR FORCE IN US1. American labor force

Þ A changing workforceMore people working, and more people not working

I. OVERVIEW THE LABOR FORCE IN US

http://www.dlt.ri.gov/lmi/laus/us/usadj.htm

I. OVERVIEW THE LABOR FORCE IN US2. Labor force in US

Today, the labor force is expected to become more diverse

http://www.americanprogress.org/issues/labor/report/2012/07/12/11938/the-state-of-diversity-in-todays-workforce/

US attracts labor

The largest and most

productive economy

The largest exporter

The most famous brands

The attractive working condition

1.1. Plenty of nature resources

1. US – THE LARGEST & PRODUCTIVE ECONOMY

AGRICULTURE DEVELOPMENT

Material for construction, furniture…Natural resources exportation



Providing the country with a

stable economy

Creating condition to

develop US economy

Attracting labor



1.2. Well – developed infrastructure system


Providing the smooth running of many key

economic sectors in the developing world

(agriculture, industry, mining and tourism...)

Improving the delivery and access to vital social

services (health ,education…)

Good working condition/ environment for labor

1.2. Well – developed infrastructure system


Major industries: petroleum, electronics, mining,

steel, food processing, aerospace, and information

technology, among others.

The largest manufacturer with big production line

Need a huge number of labors => creating job choices

1.3. Diversity of industries


Attract labor

More laborHigh productivity

Boost the economy growth


1. US – THE LARGEST AND PRODUCTIVE ECONOMY

The largest and most productive

economy in the world.

=> Lots of job opportunities.

=> Attracting labor come to have

better life.



2. US – THE WORLD’S LARGEST EXPORTER

Exports, and trade more broadly, contribute to the

u.s. economy in a variety of ways.

Exports to the Asia-pacific region: 89%

Exports to EU: 48%

(According to the US department of commerce, since 2001)

2.1. US – The great exporter

Approximately 13 percent of the U.S. Gross Domestic Product.

According to the Department of Commerce, U.S exports of manufactured goods totaled $1.8 trillion in 2008


The US placed second in exporting during 2013.

Shipped US$1.579 trillion worth of goods around the globe, up by 49.4% since 2009.


•In 2003, exports supported 7.6 million jobs and 10.3

million jobs in 2008 accounting for 6.9 percent of total

us employment in 2008

•The nearly 3.7 million manufacturing jobs supported

by exports contribute to 27 percent of all employment

in the manufacturing sector.

2.2. Export supports American jobs

2.2. Export supports American jobs

2.3. Export provides labors a variety of jobs and job opportunities

Anyone can come to this country, work

hard and be successful.

Choices give you the opportunity to

determine your success.

Freedom + opportunities => whatever you can

dare to dream and are willing to sacrifice to

achieve,

=> you can do!

2.3. Export provides labors a variety of jobs and job opportunities

3. US – MOST POWERFUL AND VALUABLE BRANDS – REPUTATION FOR EMPLOYEES

Rank

Brand Country of origin

Brand value

($ billion)

Industry Employees

1 Apple United States 104.3 Technology 72,800

2 Microsoft United States 56.7 Technology 94,000

3 Coca-Cola United States 54.9 Beverages 150,900

4 IBM United States 50.7 Technology 466,995

5 Google United States 47.3 Technology 53,861

6 McDonald’s United States 39.4 Restaurants 440,000

7 General Electric

United States 34.2 Diversified 305,000

8 Intel United States 30.9 Technology 105,000

9 Samsung South Korea 29.5 Technology 10 Louis Vuitton France 28.4 Luxury (

http://www.forbes.com/powerful-brands/list

/)

US is still home to the most powerful and

valuable brands in the world.


http://www.forbes.com/powerful-brands/list/



EARNING RELEASE:

First quarter 2013

First quarter 2014

iPhones 47.8 million 51 million

iPads 22.9 million 26 million

Macs 4.1 million 4.8 million

Revenue$57.6 billion

Gross margin37.9%

Net profit$13.1 billion

Provide jobs for a large number of employeesRank

Brand Country of origin

Brand value

($ billion)

Industry Employees

1 Apple United States

104.3 Technology 72,800

2 Microsoft United States


3 Coca-Cola United States

54.9 Beverages 150,900

4 IBM United States


5 Google United States


6 McDonald’s

United States

39.4 Restaurants 440,000

7 General Electric

United States

34.2 Diversified 305,000

8 Intel United States


9 Samsung South Korea 29.5 Technology 10 Louis

VuittonFrance 28.4 Luxury

Highly Effective Entrepreneurial Employees

Characteristic of a highly effective entrepreneurial employee

Ability to deal with risk :

Makes progress towards goals

Makes decisions when lacking one or several critical

resources or data.

Results oriented

Takes ownership to get the task done


Energy

Generates output that is higher than could be

reasonably expected

Is self-motivate and set priorities with minimal

guidance.

Performs effectively with limited supervision

Characteristic of a highly effective entrepreneurial employee:


Growth potential

Today's right stuff employee is often next year's

supervisor and a department manager soon thereafter

Team player

Recognizes how her role contributes to the overall

effort and success of the organization

Recognizes the roles and contributions of others



Multitasking ability

Is flexible to accept new duties, assignments and

responsibilities

Improvement oriented

To her the status now is temporary

Suggests changes and improvements frequently



7% 2%Acceptance

rate

AT HARVARD UNIVERSITY At Apple

4. US – THE ATTRACTIVE WORKING CONDITION

Attractive working condition

Rights of the labor

Workers conpensation

Salaries and other

compensation

3.1. Rights of the labor

- Legal protections allow workers to organize and

join unions.

- Working conditions: governed by both state and

federal law.

- National provisions against child labor >< states

are free to enact supplemental legislation.


Workers have the right to work in a safe workplace.

Compensation is paid for by employers: + cash benefits + medical care.

Employee becomes disabled due to work-related injury

3.2. Worker compensation4. US – THE ATTRACTIVE WORKING CONDITION

Companies => 4 employees => legally required to provide workers compensation insurance.

Workers compensation provides:+ Replacement income+ Medical expenses+ Vocational rehabilitation benefits. + 2/3 of salary while workers are injured.

3.2. Worker compensation


2001: $5.15/ hour Now: from $8 to $12/hour depending on the job title. The legal minimum salary : $7 per hour in most states. Benefits plan:

Benefits plan

- Bonus schemes- Medical & dental insurance

- Vision-care- Life insurance

- Disability insurance- Retirement plan

- Accidental death

Taxes and the cost of living < other industrialized nations.

Þ immigrant to the US to seek economic opportunity.

3.3. Salaries and other compensation4. US – THE ATTRACTIVE WORKING CONDITION

Producing soy sauce to export 1886: YAMASA Corporation exported soy sauce to the

U.S.

1992: incorporated USA subsidiary in Salem, Oregon

=> establishing a U.S. production and distribution facility.

3.4. YAMASA factory – YAMASA corporation


1994: Los Angeles office and U.S. factory in Salem, Oregon

2002: New York office Area: 83,000 square foot plant situated on a 20 acre site.

3.4. YAMASA factory – YAMASA corporation4. US – THE ATTRACTIVE WORKING CONDITION

US ‘s Soybeans exports to World from 2008 to 2013 2008 $16,905,202 and 2013 $22,876,737

Annual Revenue Estimate $100 to 500 million Employees from 500 to 999

3.4. YAMASA factory – YAMASA corporation


YAMASA Network in USA

Þ Offer a large amount of workforce to meet the demand of providing product to the world market

3.4. YAMASA factory – YAMASA corporation4. US – THE ATTRACTIVE WORKING CONDITION

1. Overview Vietnamese labor force in US

Vietnamese to US:

Time: mid-1970s

= refugees & asylum seekers

III. VIETNAMESE LABOR IN US

III. Vietnamese

Labor in US

III. Vietnamese

Labor in USIII. Vietnamese Labor in US

Since the 1980 census: 6 separate response categories for Asian

1.1 million Vietnamese immigrants in US, => the 5th -largest immigrant group in the US



III. Vietnamese

Labor in US

Vietnamese immigrant

population grew faster than

other immigrant groups during

the 1970s, 1980s, 1990s

III. Vietnamese Labor in US




III. Vietnamese

Labor in US

III. Vietnamese


Over half of Vietnamese immigrants reside in California and Texas



III. Vietnamese

Labor in US

III. Vietnamese





> 25 % employed Vietnamese

immigrant men worked in

manufacturing, installation,

and repair occupations


2. Working environment of Vietnamese labor in US




Among 416,000 Vietnamese immigrant male

workers age 16 and older employed in the civilian

labor force in 2008 :

Manufacturing, installation, and repair

occupations: 27.8%

Services: 19.0 %


> 30% of employed Vietnamese immigrant women worked in services.

372,000 Vietnam-born female (2008):

Services: 34.8 %

Manufacturing, installation, and repair

occupations: 15.9%

Administrative support: 12.1 %




(Source: 2008 American Community Survey.)




The 2007 SOB showed that Vietnamese owned

229,149 firms, or 14.8% total firms owned by

Asian, generating $28.8 billion in receipts.

Mr Tran Dinh Truong




The 2007 Survey of Business Owners (SOB), conducted by the Census Bureau



3 in 10 Vietnamese immigrants lived in poverty in 2008, lower than among the foreign born overall.



> 1/5 Vietnamese immigrants did not have health insurance.

21.4 % did not have health insurance in

2008 - lower than among all immigrants

(32.9 %) but higher than among the native

born (12.9 %).



CONCLUSION &

DISCUSSTION

America is considered as the land of opportunities, which a huge number of foreigners immigrates to every year to gain chance for getting rich and having a better living condition.

In your own opinion, Is US still considered as the land

of opportunity in the future?

THANK YOU FOR

LISTENING!

Economy & Finance

The US economy attracts labors world-wide