There is a new documentary on Amazon prime called ‘All or nothing’, it follows Manchester city in their pursuit of championships. For me the financial aspect of running the team peaked my interest Especially considering the high considering how expensive competing in the premier league and other sports has become.Sheikh Mansour bin Zayed Al Nahyan is the owner of Manchester City, his net worth is £30 billion. He built a whole new training headquarters and established the brand of Manchester City football club which is now the 5th most well known football brand today. When I took a deeper dive into the finances of the team i found that inin 2018/2019 they had an income of £538,170,000. Their upkeeps or operation expenses were £560,314,000. This includes player salaries, ground maintenance and all other things needed, leaving a loss of £22,144,000. However factoring in the sale of players, they made £38,787,000 pounds, which brings the club out for the red. Leaving £16million to cover interest and stadium lease. Finally, the club made a profit of roughly 10 million.

When looking at sports teams one of the biggest things that became most apparent was that in order to make money, you needed to start with a lot of capital. To begin with, you need to buy good players like Raheem Sterling which cost the club £44 million. In the 2015/16 season, the club spent 909 million on buying new players.

https://www.forbes.com/sites/robertkidd/2019/01/23/chelsea-move-puts-gonzalo-higuain-among-premier-leagues-highest-paid-players/#b7d251530858

https://the18.com/soccer-news/man-city-highest-paid-players-2019-top-earners

https://www.mancity.com/annualreport2019/downloads/mcfc_financial_report.pdf

This year, year around the world and especially in the US, there has been a push for women to work in the STEM fields. STEM stands for science, technology, engineering and mathematics, by balancing the gender ratios working in these fields, stereotypes detrimental to the socialisation of young women and society as a whole can be combated. .My question is why is there not a push for more  leadership by women. Most people think that is a formulation of leadership, don’t get me wrong leadership comes in many different forms. Why this there every less of a push for more women to be in board rooms or on capitol hill.

Before researching, this was my theory: our society is caught on the idea that women are emotional when they are passionate and bossy when they are decisive; there is never a perfect female leader. In the critical ‘Barriers and Bias’, they look at how leaders are developed and focus on the discrepancy between women and men.

https://www.workitdaily.com/fast-growing-high-paying-careers-for-women/nurse-practitionerhttps://www.aauw.org/research/barriers-and-bias/

Many people have heard of the power of price leadership. This is when a company, normally the more dominant company, drives down the price forcing the competition to follow. . In order to combat the price leadership of North Face and Eddie Baur, Patagonia a smaller firm chose to adopt a different type of leadership. They choose to create a different market for their product. In turn, creating a new customer base.

In the world, there are 2.1 billion tons of waste a year. In addition, 80% of fashion products end up in landfills. Recently the markets have adjusted to the idea of fast fashion, fast fashion is the quick turn over of clothing. By 2030 this way in fashion will be under serious threat.

Patagonia was soured and realized there was a new market of people who cared more about the environment than brand names. They spend 1 percent of all sales revenue on environmental projects.. Their ideology is that they produce high-quality long-lasting products. Furthermore they also offer repairs in an effort  to reduce waste.

In response, North Face followed Patagonias lead and  adapted their brand. They championed their campaign of reducing greenhouse gas. This does not mean it’s environment friendly. They made an economic promise that they did not truly stand by, They used  the small measure to gain publicity and add to their marketing campaign. How do we change the perception, and make companies responsible for the environment and the world?

https://www.patagonia.com/activism/

https://www.thenorthface.com/about-us/responsibility.html

What is the wage gap? It does not describe how women are paid a different amount  to men when  they have the same credentials and experience, which still occurs despite being technically illegal. The gender pay gap is much bigger than that and describes, the bias faced by women when they get passed up for promotions or senior jobs for the sole fact that they are women. More women will graduate from universities than men in the US this year, yet on average women are earning 82 cents to a man’s US dollar.

Women make-up about half the workforce, yet it has been proven when a man walks into a job interview wearing a wedding ring, an interviewer is more likely to perceive the candidate as  stable and responsible. In contrast, when a woman wears a wedding ring, flakiness is more likely to be perceived.As a result companies will be  less likely to invest in their training because of the increased likelihood of a married woman taking maternity leave or putting their family over the job. In addition, women returning from maternity leave are discriminated against on the fact that there is valuable experience that they do not have.

My key questions are: Can women have it all?  Do men have it all? Can women get paid fairly and have a family w breaking the system?And is the wage gap justified?

https://iwpr.org/publications/gender-wage-gap-occupation-2018/

http://www.cc.com/video-clips/i6b1k0/the-daily-show-with-trevor-noah-kenny-benjamin-goes-the-x-rated-mile-for-elizabeth-warren

3 min read

By this point, the coronavirus has massively shaken world populations, governments, and economies. A lot of people just thought it would die out and it has not, In an effort to manage the pandemic, many governments have chosen to enforce lockdowns. As a result, for trade and our economic system, the future looks bleak.  Furthermore, we are heading towards a bear market which will be the first bear market since the 2011 housing market crash. In short, all security in the stock market will fall by at least 20%. This will occur in not one, but every market, indicating the significance of the situation.

Many world leaders are attempting to help control and manage the outbreak. In America Trump has handed out small business loans in an attempt to boost the economy. Although I’m no supporter of Trump, his economic relief actions interest me. So far, he seems to be one of the only world leaders to have addressed the economic issues stemming from the pandemic, his approach involves cutting payroll tax and providing small business loans.

Italy, which has been hit the hardest in Europe by the outbreak, faces a much more dire situation. Their economy is completely stagnating. Their large tourism sector is completely crippled by the lockdown and travel ban. In addition, people with insecure labour contracts and self-employed small business owners will have no income. As a result, even when the quarantine breaks there will still be little money to spend and the economy will be slow to recover.

The coronaviruses will have a much larger effect on our society than what meets the eye, how will we as a globalized world react and recover?

https://www.capitaleconomics.com/the-economic-effects-of-the-coronavirus/#uk

https://www.ft.com/content/d0565f72-5fcf-11ea-b0ab-339c2307bcd4

10 min read

Recently I have read Jamesville, an American story. The book shows the effects of General Motors cosigning their American factory in Jamesville Wisconsin. In Jamesville, General Motors was the main employer and source of wealth. The community has taken several steps to amend the problem, the small business group tries to invest in the community, and the local government attempts to incentive general Motors to come back. General Motors does not come back to lots of workers enroll in a local community college where they are trained for new professions such as electricians.

As this community goes through economic change, people look to blame someone or something for their hardships. In the last chapter, the author Amy Goldstein shows how the lack of assistance from the government in financial aid or training programs caused an immense struggle for the community. As a result, many changed their views on the government. In 2016 Trump ran off a platform aimed to keep American jobs in America. This was demonstrated by Wisconsin changing from a democratic state to a republican one, swinging the electoral vote in Trump’s favor.

With the new rise of the gig economy, where people work in contracts from anywhere in the world, instead of a standard salary. This causes economic uncertainty for many people, like those who lost their jobs at General Motors. The uncertainty of the next paycheck, paired with the fact that people in any country can bid for jobs. Many richer countries are finding them self-undercut for these jobs. This, in turn, leads to nationalist political views. Which may be a contributing factor to the recent political actions in the US and the UK. 

Nationalistic political views within the UK and the US can also be attributed to the rise of the gig economy. Living without a salary instead, living from contract to contract can leave workers in more economically developed countries, such as those left unemployed by the cosigning of General Motors, with uncertain futures. The uncertainty, augmented by the ability of LEDC based firms to undercut contract bids of MEDC firms creates an “us vs them” mentality. This mentality can be considered to be a contributing factor to the recent political actions in the US and the UK. 

Interesting Reads

How to manage the gig economy’s growing global jobs market.

GM Workers Reflect On Life 10 Years After Janesville Plant Closure

Janesville: An American Story by Amy Goldstein