I. Minimum wage should be eliminated a. It increases the cost of human capital b. Deprives students or low skilled workers an opportunity to work c. Hurts small businesses A. Eliminating minimum wage will lower the cost of human capital 1. If there is no minimum amount the company has to pay, it can save some costs that it might otherwise incur.
Some of the existing effects of the economic factors on aggregate supply are labor costs, wages, foreign supply, productivity, and investments. The relationship between aggregate demand, aggregate supply, and price are determined by the slope of the aggregate demand and supply curves. Taxation has a negative sign for aggregate demand because it reduces disposable income for consumers and it lowers business profits and any investment that may have been financed by those
As the demand for one product decreases it can cause a chain reaction lowering the demand for products needed to produce the first product. This cycle will continue until the demand for manufactures goods increased and its citizen’s put more capital back into the economy. This theory is true for any reason that people stop buying goods, if the demand goes down so does the supply and the money spent on the supply. In effort to stabilize an economy that is stuck in the decreasing demand and supply cycle the government should increase spending and find ways to increase individual spending across the country. As the capital is put back into the economy the demand for supplies will go up.
In other words parents need incorporate those fruits, vegetables and complex carbohydrates in their child’s meal and just like Dr.Courseault said they will become healthier and begin to see change in weight. Also, in this article Meal Times May Affect Weight Loss, it states the timing of when you eat your meal plays a huge role of anybody who gains weight. Dr. Wilson with explains that if you eat a large meal earlier during the day rather than eat it later you would lose more weight. He states “the doctors went to Spain and showed studies on how the timing of eating a large meal was the source of sluggish weight loss” (4).The reason why most people eat large meals late is because they missed breakfast or skipped lunch. Therefore, parents should make sure their child eats breakfast dinner and lunch and it should all be the same amount.
Statistics show that a child with two obese parents has an eighty percent risk of becoming overweight, and a child with normal size parents has only a forty percent chance of becoming overweight. Another risk factor is meal patterns, shipping breakfast slows the metabolism down which slows down the process of digestion. Eating too much fast food is the highest risk to take for meal a choice. Watching television or playing video games instead of playing outside or exercising is a bad choice. Childhood obesity is often the result of genetics and environmental factors.
The theory is that jobs are lost when we are tempted by cheap foreign goods. The true effect of protectionism is it reduces consumer choice, raises prices of protected foreign products and domestic goods. This lowers worldwide production and may save some jobs in a specific industry within America but this comes at an expense of the total welfare of the country. Free trade would provide lower prices, higher-quality goods, economic growth, and competition. This policy eliminates competition and competition is needed for a balanced economy.
With that being said, while a minimum wage increase may lift some families out of poverty, they push even more families into poverty as employers try to control cost by eliminating jobs, displacing low skilled adults for more productive employees or shaving work schedules. Equally important, raising the minimum wage can have the unintended consequence of actually costing the working poor most of the higher earning accompanying their wage increases. A mandated increase may reduce government assistance programs, such as food stamps, Medicare benefits, housing subsidies and even welfare payments. You can therefore state, as earned incomes rises, public assistance
Furthermore, cost of living led low-income households to lose a high proportion of their income than those who are the better off people living in poverty have increased especially in households with young adults. How can one expect people living in poverty to afford decent meals? One may conclude, that recessions create and widen income gaps that cannot close when recovery strategies get employed. Moreover, recessions create a gap between the rich and the poor, thus explaining the different diet standards of the two groups. Lisa Miller states in her article ”Divided We Eat”, “As the distance between rich and poor continues to grow, the freshest, most nutritious foods have become luxury goods that only some can afford.” (Miller 190).
Many schools offer a la carte items in addition to the meal that is provided each day. The problem is that the National School Lunch Program does not regulate these items. If a child chooses high-calorie additions to his or her meal, his intake is going to be much higher than it should be for lunch, which over time will result in weight gain and obesity. Children who are overweight and obese due to a high-fat diet are at an increased risk of developing other health conditions, such as heart disease, high blood pressure, diabetes, depression and high cholesterol. According to a Toronto Star survey, children who get to choose their food at lunch ate more fat and calories than those who were only offered one meal choice.
These families usually have to purchase these foods with the SNAP benefits which these stores accept for payment. As research is conducted daily about childhood obesity, it will be proven that low income resident are provided healthier facilities. Children who are overweight or obese are at greater risk at facing major health problems. Health problems can cause an increase in a child’s health care cost. Annual medical cost for a child diagnosed with obesity is an average three times higher than those children