Figure 3 shows the changes of global economic power over time. There are many reasons for the shifts in economic power such as the Second World War and the collapse of the British Empire. In 1913, Britain had a GDP almost twice the size of The USA's and made up 37% of the world's economy. By 1950, Britain's economic influence had decreased, its GDP now making up only 7% of the global economy. During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913.
The worst rates have California, Rhode Island, Nevada and Puerto Rico. In these states are between 10 and 14 percent of the population unemployed. But in comparison with switzerland, its like double: in switzerland we have about 3% unemployed people now. In Comparison to the whole US, Kansas is under the average of 8.16 percent. The mentality of the locals is, as we say, typical american.
From 2007 to 2010, the national unemployment rate for American Indians increased 7.7% to 15.2%. The largest employers for American Indians are Tribal and Federal governments on the reservations. Many are forced to look for work outside of the reservation and receive lower wages that leave them failing to meet their basic needs of food, shelter, and clothing. “A major cause of poverty in Native American communities is the persistent lack of opportunity. Only 36 percent of males in high-poverty Native American communities have full-time, year-round employment.” (Rodgers, 2013) The overall percentage of American Indians living below the federal poverty line is 28.2% (2008, American Indians Census Facts).
Sales were up 11 percent from 2009’s second quarter. Third quarter 2009 sales reflect the $276 million impact of a 7 percent decline in tire unit volume due to lower industry demand as well as a $279 million reduction in sales in other tire-related businesses, primarily third-party chemical sales by North American Tire. Unfavorable foreign currency translation further reduced sales by $159 million. Goodyear successfully launched 15 new products in the quarter, in addition to the 42 launched in the first half. The company has exceeded its goal of more than 50 new product launches during 2009.
Myth #5: Most of the poor are older Americans. About 10 percent of people 65 years and older are poor, but 35 percent of the poor are children under 18. Between 2000 and 2008, the incomes of people ages 25-54-especially men-decreased about 11 percent but increased by 8 percent for men ages 65-74. Myth #6: The poor get special advantages. The poor pay more for goods and services than do wealthier people.
Size of the economic pie The size of the economic pie in America is shrinking, and the share of the pie for those that are poor is shrinking a lot faster than the share of the pie for those that are wealthy. According to the Washington Post, the average yearly income of the bottom 90 percent of all U.S. income earners is now just $31,244. When you look at the ratio of employee compensation to GDP, it is now the lowest that is has been in about 50 years. At this point, the poorest 50% of all Americans now control just 2.5% of all of the wealth in this country. Big corporations are recognizing the change that is happening to
The median age for the population of Dyer County is 36.5 years of age. Looking back at the US Census report from the year 2000 the population was 38, 335 and has only increased by 765 residents over the last twelve years. This is not indicative of a growing community but of one that is maintaining the status quo. In researching the economic status of Dyer County, it is clear according to an article in the local newspaper, Dyersburg State Gazette dated November 1, 2011 that the unemployment rate for the county is 13.7 percent. This dire statistic earns Dyers County the title of the eight highest unemployment rate for counties in the state of Tennessee.
The median household income in Detroit dropped from $29,526 in 2000 to $26,098 in 2009. It was only a year later that it dropped again to $25,787. In 2010, the mean income fell below the US average by thousands. Every 1 in 3 residents in the city of Detroit is in poverty. Detroit reported more burglaries in 2010 than 2012.
The GDP growth rates were a magnitude not since 1930 of -8.6 percent, 1931 of -6.4 percent, 1932 of -19 percent and in 1933 of -1.3 percent. While the Depression going on the unemployment was 25 percent and wages for people who still had jobs fell almost to 42 percent. The total of the U.S. economic output fell from $103 to $ 55 billion and the world plummeted 65 percent as measured
Mariana Alcaraz Mr. Farrely Sociology / Research Paper Poverty In America Poverty In America there are 46.2 million Americans are now leaving in poverty which that is a lot it grew by 2.6 million in just the last 12 months in 2011. The government census reported that is the most they have ever seen based in poverty in America. The U.S Census Breau have reported that the median household income has dropped 2.3 % in 2010 after accounting inflation. They have also determined that based on estimated crimes done in the United States where commited by low-income people. The poorer the people the more they are more likely to commite a crime or go to jail.