The US economy attracts labors world-wide

TOPIC
Reasons Why US Economy Attracts
the Worldwide Labor in general
and Vietnamese Labor in particular
GROUP 2- E2
Bui Bich Phuong
Hoang Dieu Trang
Le Minh Thu
Nguyen Thanh Hoa
Nguyen Thi Dung
Nguyen 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 US
1. Waves of immigrants
US =
A NATION OF
IMMIGRANTS

2. Labor force in US
 The history of the US labor is a story of
dramatic change

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

1. American labor force
A changing workforce
More people working, and more people not working

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

2. 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
The largest
exporter
attracts
labor
The largest
and most
productive
economy
The most
famous
brands
The
attractive
working
condition

1. US – THE LARGEST & PRODUCTIVE ECONOMY
1.1. Plenty of nature resources

AGRICULTURE DEVELOPMENT

 Providing the country with a
stable economy
 Creating condition to
develop US economy
 Attracting labor

1.2. Well – developed infrastructure system

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


1.3. Diversity of industries
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. US – THE LARGEST AND PRODUCTIVE ECONOMY
Attract
labor
More labor
Boost the
economy
growth
High
productivity


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
2.1. US – The great 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)

According to the Department of Commerce, U.S
exports of manufactured goods totaled $1.8 trillion
in 2008
Approximately 13 percent of the U.S.
Gross Domestic Product.

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.

2.2. Export supports American jobs
•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

2.3. 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.

2.3. Export provides labors a variety of jobs
and job opportunities
Freedom + opportunities => whatever you can
dare to dream and are willing to sacrifice to
achieve,
=> you can do!

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
US is still home to the
most powerful and
valuable brands in the
3 Coca-Cola United States 54.9 Beverages 150,900
4 IBM United States 50.7 Technology 466,995
world.
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/)

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
margin
37.9%
Net profit
$13.1
billion

Provide jobs for a large number of 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
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


entrepreneurial employee:
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


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

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.

3.2. Worker compensation
 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 compensation
 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.

3.3. Salaries and other 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.
 immigrant to the US to seek economic opportunity.

3.4. YAMASA factory – YAMASA corporation
 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.

 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.

 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

YAMASA Network in USA
 Offer a large amount of workforce to meet the
demand of providing product to the world market

III. VIETNAMESE LABOR IN US
1. Overview Vietnamese labor force in US
 Vietnamese to US:
Time: mid-1970s
= refugees & asylum seekers

1.1 million Vietnamese immigrants in US,
=> the 5th -largest immigrant group in the US
III. Vietnamese
Labor in US
III. Vietnamese
Labor in US
III. Vietnamese Labor in US
Since the 1980 census: 6 separate response categories for Asian

 Vietnamese immigrant
population grew faster than
other immigrant groups during
the 1970s, 1980s, 1990s
III. Vietnamese
Labor in US

 Over half of Vietnamese immigrants reside in
California and Texas
III. Vietnamese
Labor in US

III. Vietnamese
Labor in US

2. Working environment of Vietnamese labor in US
 > 25 % employed Vietnamese
immigrant men worked in
manufacturing, installation,
and repair occupations

 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 %).

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?

The US economy attracts labors world-wide

The US economy attracts labors world-wide

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