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Outsourcing of jobs and real impact on rural communities

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While unemployment has been a cause for concern for many years, the outsourcing of some job functions has already had an adverse impact on rural economies.

Following the unprecedented global conditions of 2020, many people were left unemployed or faced with financial difficulties due to pay cuts. Unemployment remains of concern in not just parts of the USA, but the world at large. Although unemployment has been an issue for years, it was exacerbated by the conditions of 2020. In 2018, Canada’s unemployment rate was reportedly at its 43-year low of 5.6%, but fast forward to early 2021, it reportedly worsened to a national unemployment rate of 7.8%. In light of the global landscape and state of economies, businesses have been forced to reassess their operations and cut costs where possible.

It is therefore not surprising that those businesses that were fortunate enough to pivot or make it through 2020 have tried to cut down on unnecessary operations. In some cases, entire departments were shut down and companies have, instead, resorted to either outsourcing some operations or working with freelancers and consulting with experts when necessary. The closure of some departments and businesses can be noted as a contributing factor to the current unemployment rate, particularly in rural communities.

Outsourcing and rural communities

In addition to the above, policies that allow employees to work remotely have been problematized by some. It is argued that remote work will lead to less job opportunities and the need for human capital. One of Lacombe’s largest employers has implemented such a policy, which allows employees to work remotely from anywhere in Canada. Moreover, others believe that it will lead to an overall decline in commercial investment. Due to the fact that jobs are generally outsourced to more developed or economically active states or countries, the impact on local rural communities has been highlighted. A recent example of this was the outsourcing of some of the in-house laundry operations of an Alberta laundromat. The move reportedly had an impact on roughly 350 employees, following a reported cut of some 11 000 jobs before that. This was prompted by the need to cut costs and save on upgrades and further investment into the existing company, more so under the current global financial conditions. These positions are often filled by general workers with little to no formal qualification, most of whom live in rural communities. Therefore, the company’s transition and outsourcing had an impact on the rural economy and the livelihoods of the people, further proving that the objections and initial reluctance from some may have been warranted.

In cases where some functions are outsourced, companies often centralise operations in larger cities and do away with the positions that were occupied by employees from the rural communities. With that in mind, people have found themselves in difficult financial positions and having to find alternative ways of staying afloat and providing for their families. It is because of such circumstances that the disadvantaged from rural communities have had to either explore entrepreneurial endeavours or consider the likes of online forex trading in the United States, as one need not depend on an employer in such cases. However, there is often not enough money available for circulation in the rural economies because unemployment is rife.

 

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Shared Domain Ownership: The Future of Digital Asset Investment

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There is a significant amount of change taking place with the Internet and the concept of ownership as well. When you purchased a domain name, there was only one owner of that name who had complete and total control over it.

However, today, a new business model referred to as “Shared Domain Ownership” is rapidly becoming popularized; in other words, multiple parties can collectively own a single domain name. The benefits of this new business model make investing in the Digital Economy easier and more accessible to everyone.

The Rise of Shared Domain Ownership

A domain name represented real estate on the Internet. A premium domain name (i.e., a name that is short, easy to remember, and includes keywords) has traditionally been worth thousands, if not millions of dollars. Instead of having one individual or entity purchase the entire name, people will be able to purchase a portion of the name.

In essence, this concept is similar to purchasing a portion of a company through its units. All owners of the domain have an equal interest in the domain and will collectively determine how to utilize and manage it. The benefits of shared ownership include the ability to distribute the cost of the name among multiple unit holders, owning a piece of a highly valued asset that may increase in value over time.

Accessibility of Domain Ownership

While the primary advantage of this model is accessibility, it also provides the opportunity to participate in the growing Digital Economy that they would otherwise be unable to afford.

Additionally, this model allows community members, small businesses, and start-ups the opportunity to own a domain name that represents their collaborative effort; thus providing a means for these entities to participate equally and profit from their collective efforts.

The Technology of Domain Fractionalization

An important innovation in this space is domain fractionalization, a concept that divides domain ownership into smaller, exchangeable pieces. This is accomplished via blockchain-based platforms such as Freename’s Domora, which enables users to own a domain name collectively.

For example, Freename has developed a platform that enables multiple owners to collectively own a domain name by creating digital units of the domain name. Digital owners will be able to learn more about this concept and how it is changing the way we invest in the Digital Economy through the new brilliant idea of domain fractionalization (Domora’s new platform by Freename), which describes how multiple domainers can collectively own a digital asset such as a premium domain name and manage the asset collectively, and even sell their digital units at a later date.

Benefits of this Model Include:

● Giving the ability to purchase one or more units of a premium domain name.
● Enabling multiple to manage a domain name collectively.
● Enabling them to sell their units of the domain name in the future.
● Therefore, this model represents an exciting combination of technology, shared ownership and collaboration.

The reason why this new concept is interesting

The concept of shared ownership of domains is already attracting the attention of domain enthusiasts engaged in fields such as cryptocurrency and digital assets. Similar to NFTs and tokenized property, domains have become digital real estate, something that can increase their value over time.

It is an opportunity for many to diversify their activities. Through ownership sharing, anyone can own a piece of a premium domain and can reduce the waiting time for a potential buyer to come.

A Step toward a Shared Digital Future

Shared domain ownership is the future of online resources. It incorporates cooperation providing more individuals a chance to participate in the next phase of development of the next internet marketplace.

Freename is demonstrating that ownership does not necessarily require exclusivity. They are contributing to the creation of a more open, fairer, and connected digital world by sharing the value of domains.

Ultimately, the concept is straightforward yet strong: the internet is communal property, and now so can its ownership.

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Slot vs table games: how to decide what to play at a bet casino

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When you’re choosing what to play at a casino, the decision often comes down to Slots or table games. Both are popular, but they offer completely different gameplay. For those interested in online chance-based Ireland play, understanding how these formats differ can help guide your choice.

Some players prefer the simplicity and speed of Slots, while others enjoy the structure of table games. Understanding the differences can help you decide which suits your preferences, playing style and budget.

You don’t have to commit to just one. Many players switch between the two depending on their mood, how much time they have, or the type of play they’re after. Whether you’re playing for a few quick spins or settling in for rounds at the Blackjack table, knowing what each format offers helps you make the most of your time.

Slot games

Slots are the most widely played games in any online casino. Their appeal? Simplicity and variety. At their core, Slots use Random Number Generator (RNG) software to ensure every spin is independent and unpredictable. This technology guarantees fairness and means there’s no way to influence or predict what happens next.

Modern Slots go well beyond the traditional three-reel fruit machines. Today, you’ll find thousands of themes covering everything from ancient mythology and popular TV shows to fantasy worlds and classic Vegas-style visuals. These games often feature detailed graphics, animations and sound design, all tailored to the theme.

Most Slots also come with bonus features, which can include free spins, expanding wilds, multipliers and mini games. These are usually triggered by specific symbols or combinations and add another layer to the gameplay. Some games also offer progressive jackpots, where a small percentage of each bet contributes to a growing prize pool.

Table games

Table games cover traditional casino staples like Blackjack, Roulette, Baccarat and various Poker formats. These follow fixed rules and are less reliant on chance alone, especially where decision-making plays a role – like choosing when to hit or stand in Blackjack, or how to bet in Roulette.

Unlike Slots, which are fully automated, table games may use digital dealers or live human dealers streamed in real time. Digital versions use RNGs to determine results instantly, while live dealer games use physical cards or wheels and follow real-world casino procedures.

Table games move at a slower pace than Slots, particularly in live formats where each round is timed. They also often require a basic understanding of rules, especially in games like Blackjack or Poker, where your choices can impact the result.

Things to consider when choosing

 Speed of play – Slots are much faster. You can play several spins in a short time, with no waiting between rounds. Table games, especially live dealer ones, are slower as each round has fixed timings.
 Simplicity vs decision-making – If you're looking for something based purely on chance with no learning curve, Slots are ideal. If you prefer a game where decisions play a role, table games like Blackjack or Poker might suit you more.
 Volatility – Some Slots offer frequent small returns, others less frequent, but potentially with larger payouts. Table games often have a lower house edge and may offer more consistent outcomes over time, making it easier to manage your balance across longer sessions.
 Game variety – Slots offer huge variety in terms of themes, features and reel setups. Table games are more traditional, although live casino providers now offer hybrid formats with game show-style twists.

Whichever game you choose, it’s important to gamble responsibly. Set limits that work for you, take regular breaks and keep track of how much time and money you’re spending.

Most licensed casinos offer built-in tools to help you stay in control, like deposit limits, session reminders and time-out options.

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