Many are choosing to delay or not to have a child at all due to pursue a career. * Children have become an economic liability – children used to be able to work and were seen as assets to the economy but now laws and the cost of having a child has increased and as a result of financial pressures they would rather not have a larger family (d) Examine the reasons for changes in the size and the structure of the population of the United Kingdom since the beginning of the 20th
Goldin and Katz state that getting a higher level in education versus those how do not, their salary income increase. Since there is a huge salary gap between the two, more people have been striving to earn higher degrees. Since people want to earn more money the number of people going to school has increase over the years. However, Goldin and Katz believe that more people should attend while Charles Murray thinks that too many people are attending and it should spaces should be limited. Murray states that he thinks students do not have the academic ability because “10 to 20 percent of a population has the mental potential to cope with twenty six-word sentences.”(Murray) He thinks having students take standardized test in order to see if they were ready for college material.
It may not surprise people but, it’s not only teenagers that work at these minimum wage paying jobs, there are also many adults that are trying to make a living and are forced to work minimum wage jobs. I am sure they would appreciate a raise, but I believe leaving the minimum wage where its at just forces adults who have little to no skills or education, to go back to school to get the knowledge they need for a career in order to have a more comfortable future. When the minimum wage is raised, businesses have to raise the price on whatever products or services they offer, to offset the loss of profits from having to pay the employees more money. With products more expensive, consumers
Shorter Working Week Shorter working week will improve American jobs. Through the history, the United States of America has often been referred to as the “land of opportunity.” In some situations this maybe has been the case for most Americans, especially in the nineteenth century. Due to several factors, the United States has a hard time living up to the expectations of its citizens. Millions of jobs were lost during the past two years and with a record of a weak economy, every day someone is looking for a job. Whether the person is a recent graduate, a person laid-off from work, or a person that wants a different job, their casual search turns into a carefully planned search for employment.
My aspirations of continuing on in higher education may not be achieved due to the increase in university fees, it made me think twice. I can assure you the same thing is going through the minds of most of the students that want a higher education. Employment rates at the moment at their lowest since the 1950’s. If students from this generation don’t get the qualifications needed for middle class paid jobs employment rates will just keep plummeting. The government should be trying decreasing the employment rates, not increasing them.
Furthermore, all companies have capacity to compete. No switching costs and product differentiation raise the degree of competition because it is easy for them to go where the lowest prices are. This characteristic leads to price wars which is present in the industry. Industry growth is the only factor that lowers rivalry – growth is high with few stores opening so companies do not need to compete for market share. Power of Suppliers – Low There is low supplier concentration relative to the industry they sell to and a single supplier does not account for a large part of a retailer’s business.
In recent years, America has been affected by a worldwide depression and its unemployment rate skyrockets until this January. As a result, competition for internship opportunities increases. As more young people attend colleges, an increasing number of graduates are competing for the same jobs and internship experiences may help them to outshine their peers. Therefore, a large fraction of graduates are willing to take unpaid internships. This puts employers in the position that if one student cannot work unpaid, there are many candidates who can.
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.
Students Should Work Throughout College Students are eligible to work up to twenty hours per a week while taking at least twelve credit hours per a semester. Although many parents would disagree with the thesis “working while studying is a good thing to do,” students should use any given opportunity to work during college. There are many reasons why students should work throughout school; however, in this essay, I am going to discuss the three most important reasons: financing college, gaining necessary experience for future jobs, and socializing and adjusting to college life. In today’s economy, paying for school can be extremely difficult. Though the economy is still in bad shape, tuition fees continue to increase every semester.
As talked about in the beginning of the quarter: economic theory does not hold true but the facts are what makes economics logical. In a competitive labor market, the wage of the employee is fully set by market forces within the firm. Workers really have no control over the market or the value of there own status within a firm. In addition, workers in a perfect labor market are not always certain between working for an existing firm or working for somebody else. As I talked about in a previous paper related to the Harvard workers, the Demand of Labor for their services is not as valuable as other positions might be within a firm.