The Cause and Effects of Unemployment in America Larry Lane Jr Composition 2-34 Denna Shehata 10/29/2011 In the past thirty years, there has been a decline in finding employment back in the eighties employment was just starting to get worse. Nevertheless, some thirty years later, jobs have become much harder to obtain. In addition, this is why I choose to write about unemployment, how it has affected me personally, and how it is affecting millions of unemployed Americans. The cause and effects of finding work in the United States has been a hot topic because unemployment has been affecting many Americans. During the eighties and nineties, the United States experienced a lower level in unemployment.
Many may argue that the falling economy and the wealthy not wanting to share their shares is to blame for the raising rates of poverty here in the states. Poverty of course, has a lot to do with money and income but underneath that it is has a deeper story. Stories of how different people are suffering from it and how they are managing to live day by day. It almost seems as if it’s a foreign nation of its own and you only understand the concepts if you are in it. There is no doubt that here in America we are dealing with one of the greatest economic downfalls.
Even though the prices will lower of time, companies will take advantage of the recession, knowing that consumers still require their goods, no matter if it falls outside their budget or not. It is the government and consumer’s responsibility to overcome the “stickiness” of the prices via certain stimulations. Essentially the government will directly, or indirectly, create opportunities for work for its unemployed citizens, therefore increasing consumer incomes to a point where they will match a compromise price level. This, in turn, will cause the demand for goods to go up which will decrease the price temporarily. The economy is not run by a single entity, which means that it is the individual or individuals that are driving our economy.
In these winter months there were signs of the country’s morale and unity breaking, it was not helped when Germany was hit with an influenza epidemic, wiping out 20-40 million, the resistance to the disease was lowered due to decline in living conditions. Inflation was also a problem facing Germany after the war, the people were forced to work longer hours, but wages still fell below the inflation rate. As a result of these effects social discontent grew, and anger was expressed at sharks of the industry who appeared to be making money from the war. The
However, the SPH program put a lot of pressure on store managers and sales. In 2010, a large group of the R&R associates sued it for “working off the clock”. This lawsuit might cause reputation damage, and the settlement is up to $200 million. In 2008-2009 before the case, there was an economic recession. The whole luxury goods industry in the U.S. dropped over 14%, and R&R revenues declined 10%.
Dependability is a valuable quality in the workplace, whether it comes from your employees or vendors. Having a staff of dependable employees and managers helps your business run more smoothly and ensures that tasks are seen through to completion. An employee whom the boss can depend on is beneficial to the business, and a dependable employee has a greater possibility of seeing job growth and security. Punctuality is an important component of dependability in the workplace. When an employee shows up late for work, especially on a regular basis, it can turn into a snowball effect including lateness to meetings and completing tasks after the deadline.
1. Introduction The financial crisis since 2008 has been a real phenomenon in the recent years. It has negatively impacted the countries` national economies as increased their deficits, public and private debts, significantly declined the GDP rates, etc. Moreover, the crisis has also deepened the social discontent and mistrust to the politicians and to the public institutions after millions people in the world remained unemployed and others lost their businesses, as well. Considered that the financial crisis has started from the USA, its effects were quickly and strongly felt beyond the country, too.
In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies. It is caused by a multitude of factors including the breakdown of the market, bankruptcy, high/ hyper inflation or factors such as high unemployment. They are considered bad for an economy because of the large scale effects and problems which it causes. Economically if a market breaks down then all sectors of society are hit. It makes the standard of living for the masses suffer.
That is, cyclical, structural, hardcore and frictional problems. Rapid technological advancements over the years have been received both positively and negatively, although one has to agree that when it comes to employment, many have suffered locally due to these changes. This is because when companies change their systems so as to update functions, they also have to employ skilled workers to cope with them. This consequently means that some individuals in the company have to be laid off so as to make way for the “skilled workers” to handle the company activities. Inflation, describe as a continuous increase in prices, is arguably one of the main causes of unemployment.
Even though the effects of the financial crisis were negative, and caused many people to lose their jobs, CEOs are still receiving a large salary, which portrays a negative image on their company. This essay explains the effects of businesses responsibility to the environment, that profits are not the only measure that should be applied to corporate success and CEO’s salaries applied to businesses responsibilities. There has been a great deal of controversy in the media over whether businesses have a social responsibility. Businesses already have a responsibility to follow ethical standards and the law. However recent media coverage has demanded that large business should also have a social responsibility.