Part A: When we refer back to the 1970s, most people generally think of punk rock, lava lamps, and the hippie movement. However for the economy, it was a devastating economic decade of stagflation, a three day week and the return of unemployment. During this time period according to Dollar and Sense, “From the late 1940s to the early 1970s, the U.S. economy grew at an average annual rate of nearly 4%. The annual unemployment rate only exceeded 6% twice in the 25 years between 1949 and 1973. The annual inflation rate, too, only topped 6% twice, and was actually under 2% for 14 of the 25 years in this period.
In 2007, the labor department recorded their largest increase in membership in 25 years, since 1979. Many of the recent memberships have been in the service industry and there has been a decline in the manufacturing industry. In the 1940s, union density statistics were as follows: Public employees represented by unions – 9.8%, 33.9% in the private/non-agricultural section. In the last 10 years, the percentages have flipped to: 36% of the public sector represented by unions and 6.89% of the private sector represented by the unions. In 2007, the private sector density rose to 7.7%, but declined in 2009 to a low of
Residents in crowded housing jumped to 1.1 percent, the highest since 2004, a sign that people were "doubling up" with relatives or friends to save money. 7. Women are closing the gender wage gap Women's average pay still lagged men's, but the gap has been narrowing. Women with full-time jobs made 77.9 percent of men's pay, up from 77.5 percent in 2007 and about 64 percent in 2000. 8.
As of September 2011, seniors accounted for 14.4% of the total population, an increase of 0.3 percentage points from 2010. Life expectancy has also risen to 81.38 years and median age to 39.9. The twenty-first century has seen the impending retirement of the large baby boom cohort. As a result of the recession in 2008 many retirees went back to work, labour participation rate of the proportion of people aged 55 and over rose from 10% to 17% between 2001 and 2009. The aged labour force has contributed ..........to GDP.
The above transition analysis shows that you will have a deficit of 80 full-time sales associates. This also takes into account for all the people moving positions and leaving the company. To break this down: * In order to acquire the proper number of new hires, they will need to have 1,778 people apply for the job. * Then about 30 % of applicants will become job candidates. * Take that number down to 533.
I found that this was interesting because I did not know that on average only 7.6% of adults between the ages of 19-23 get the recommended 60 minutes of physical activity per day. This would explain why 60% percent of all Americans are either overweight or obese. After the thirtieth day of Morgan Spurlock’s experiment, he had gained 24.5 pounds and increased his overall body mass by 13%. After stopping his experiment, it took several months to lose all of the weight that he had gained and to return to a normal healthy weight. I believe that although this experiment was very helpful it would have been scary for to have “catastrophic liver damage” or to be overweight because it would cause your heart to work harder and cause it to wear out faster.
Such as the fact that only thirty-six percent of Post Moderns have experienced unemployment within the last year compared to the Disaffected who seventy-one percent have been unemployed in the last year and the Hard-Pressed Democrats that sixty-three percent of their group has been unemployed within the last year. Once again the Post-Moderns were unaffected when it comes to issues surrounding economic hardships, while Hard-Pressed Democrats, and Disaffecteds have over fifty percent of their group continuing to be affected by the recession, the Post Moderns have under twenty percent affected. One thing these three groups have in common is the fact that a large portion of their economic worry is their current “job situation”. However when it comes to Social and Domestic Policies, these political groups differ. Whenever it comes to Same-Sex marriages Post Moderns are in favor by over eighty percent, while Hard-Pressed Democrats, and Dissafecteds are in favor by less than forty percent, most likely this is because of the age difference between the groups and the fact that the Post Modern’s are such a young group of individuals.
From 2007 to 2012, the average cost of MBA tuition increased by more than a third, as my colleague Erin Zlomek reported last week. At the same time, the average starting salary for a newly minted MBA has held steady at about $93,000 since 2008. If MBAs are paying for their degrees with money saved from their early professional careers, that would help explain why rising prices haven't dampened demand for the
Another 72,000 South Carolinians slipped below the poverty line in 2009 as the Great Recession took its toll, the U.S. Census Bureau estimated Tuesday (D. Slade, 2010). The actual number might be as high as 100,000 or as low as 31,000, given the margins of error in the Census estimates, but in any case there are more people struggling to get by (2010). On the state level, the Census Bureau estimated that in South Carolina the officially poor accounted for 17 of every 100 residents last year, with higher percentages in rural counties and lower ones in the Berkeley-Charleston-Dorchester area
As shown on Figure 1 above, due to the economic recession the official poverty rate jumped by 2.6% between 2007 and 2010; likewise, the unemployment rate increased from 4.6% to 9.6%; yet the supplemental poverty measure remained at around 15.5% flat, mostly by virtue of the EITC (Hoynes, 2014:26). Smeeding, Phillips and O’Connor (2000) found that a large majority of EITC beneficiaries depend on the credit to pay for priority uses such as paying bills and make ends meet. Beverly (2002:260) argues that the EITC also provides a short term safety net for families experiencing shocks to earnings; Dowd and Horowitz (2011) found that more than 60% of the beneficiaries of the credit between 1989 and 2006 claimed the credit for only one or two years at a time (Cited in Charite, Dutta-Gupta & Marr, 2012:7). Denver resident and anti-poverty advocate Corrine Fowler found herself jobless and a single mother in 1997; she says “It really kept me from either becoming homeless or having to move in with my mother” (Phillips,