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Corporations should look to the city of Helios when seeking new business opportunities or a new location. Even in the recent recession, Helios's unemployment rate was lower than the regional average. It is the industrial center of the region, and historically it has provided more than its share of the region's manufacturing jobs. In addition, Helios is attempting to expand its economic base by attracting companies that focus on research and development of innovative technologies.
Firstly, this city had a lower unemployment rate than the regional average. However, it is possible that the average regional rate can be very high as compared to that of the surrounding regions. Although the workers didn't get laid off, there can be other measures which might have affected the workers working in this area. For example the corporations could have cut some of their benefits or make a short work-week with the corresponding salary cut. Comparison of employee salaries and benefits along with the unemployment rate is helpful in measuring the true success of Helios during the period of recession.
According to the author the city of Helios is the industrial center of the region. It means that there are already a significant number of corporations employing most of the workers of the city. It can be inferred that any new corporation planning to open its operations would face a strong competition for finding resources. The chances are very less to find skilled workforce if the unemployment rate is low. Most probably the corporation would have to provide higher salaries and other benefits which would lead to increasing costs and cutting the profits. Any statistics about the number of manufacturing companies working in this area along with their histories and the attrition rate of the employees will be helpful for a new corporation looking to set-up its operation here.
This city is planning on expanding its economic base by inviting technology and development companies. It is a longshot to assume that one type of industry will start its operation in a particular area just because the other type has been successful there. The business conditions, the roles and profiles of the workers are very different for technology companies as compared to those for the manufacturing operations. Any evidence about the serious commitment of any technology company and its plan of action for next few years would be helpful in justifying the city's attempt.
There are serious flaws in author's argument which not only weakens it but also makes it very baseless. If the evidences are provided for the abovementioned doubts, the argument will be bolstered and conclusion will become very strong.
Corporations should look to the city of Helios when seeking new business opportunities or a new location. Even in the recent recession, Helios's unemployment rate was lower than the regional average. It is the industrial center of the region, and historically it has provided more than its share of the region's manufacturing jobs. In addition, Helios is attempting to expand its economic base by attracting companies that focus on research and development of innovative technologies.
Firstly, this city had a lower unemployment rate than the regional average. However, it is possible that the average regional rate can be very high as compared to that of the surrounding regions. Although the workers didn't get laid off, there can be other measures which might have affected the workers working in this area. For example the corporations could have cut some of their benefits or make a short work-week with the corresponding salary cut. Comparison of employee salaries and benefits along with the unemployment rate is helpful in measuring the true success of Helios during the period of recession.
According to the author the city of Helios is the industrial center of the region. It means that there are already a significant number of corporations employing most of the workers of the city. It can be inferred that any new corporation planning to open its operations would face a strong competition for finding resources. The chances are very less to find skilled workforce if the unemployment rate is low. Most probably the corporation would have to provide higher salaries and other benefits which would lead to increasing costs and cutting the profits. Any statistics about the number of manufacturing companies working in this area along with their histories and the attrition rate of the employees will be helpful for a new corporation looking to set-up its operation here.
This city is planning on expanding its economic base by inviting technology and development companies. It is a longshot to assume that one type of industry will start its operation in a particular area just because the other type has been successful there. The business conditions, the roles and profiles of the workers are very different for technology companies as compared to those for the manufacturing operations. Any evidence about the serious commitment of any technology company and its plan of action for next few years would be helpful in justifying the city's attempt.
There are serious flaws in author's argument which not only weakens it but also makes it very baseless. If the evidences are provided for the abovementioned doubts, the argument will be bolstered and conclusion will become very strong.
