Chapter Fifteen: How Individuals Affect and Impact Distribution
Up until this point, it has seemed that the individual consumer can really have only a moderate effect on the economy and in turn, on the hype surrounding the use of private label rights as a means of making income. Before finishing this chapter, however, we will take a few moments to demonstrate how individuals can affect the economy to a very measurable degree.
For example, a student’s career choices can affect the local, national, and/or global economy. This is because all students will acquire the attitudes, knowledge, and skills that contribute to successful learning. They will come to understand how their academic experiences prepare them to be successful in the world of work, in their interpersonal relationships, and in the community. They will then use this knowledge in their career of choice, and this means that they might choose a field in which they make a broad or global impact or they might opt for a much more subtle career that allows them to effect change on a local level instead.
Consider too the effects of things like gender discrimination and differing wages with middle management employees. This is also something that can have an impact on the distribution of wealth and the general economy.
For example, although the gap between wages has narrowed, there still exists a significant difference that cannot be explained. Over the last twenty years, increases in women’s labor market experience, and their movement into higher-paying occupations, have played a major role in increasing women’s wages relative to men’s. This cannot, however, counteract the flaws in wealth distribution. This limits female wager earner’s spending power, and as the size of this workforce increases, the gap between male and female pay grades will continually affect the overall economy too.
Finally, it is necessary to weigh the impact of consumer choices on how companies choose pay their workers. For example, when a company is a “fair trade” establishment it is often received very favorably by the public. In fact, consumer trends indicate that there is a willingness to pay a higher price for a product if it is affiliated with such a humane approach to employees and the environment. Thus, many employers are shifting their policies to meet consumer wishes.
There is also the impact of a company with a large work force that is underpaid. Low wages keep an economy hobbled too, and this means that large scale employers making a habit of underpaying the labor force, is actually having a negative impact on economic stability in their territory.
Overall, the growth of all internet technology and consumer needs has been countered with the growth of private label rights and the nuances for making money from that industry, opening up an additional way to make money online and to stimulate the growth of the technology industries and economy.
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