With the economy in the shape it is, it makes those full-time jobs seem like only part-time jobs. “We are spending more money fighting poverty than ever before, yet poverty is up,” said Michael D. Tanner, a senior fellow at the Cato Institute. “Clearly we are doing something wrong.”( Poverty Stats Show the Damage) Specialists say the government needs to rethink their calculations of poverty. According to Carol Morello’s article, “Poverty Stats Show the Damage,” about 44 million Americans (one in seven) lived in homes at the poverty level. For a family of four that level is $22,000 annually or less.
We want to enjoy being young. G.E Miller of 20 something finance states, “At least 134 countries have laws setting the maximum length of the work week; the U.S. does not”. It seems that’s business in the United States are trying to milk their workers for every last penny. It doesn’t seem too beneficial to work and live in the United States at this point. Not only do Americans work more hours but also they get the least amount of vacation.
US Budget Deficit and Government Debt vs. Japan’s The United States Budget Deficit and government debt is skyrocketing and almost exceeding $1 trillion dollars. In context of macroeconomics and the United States economy, the definition of debt is the total amount the government owes while the definition deficit is how much one spends compared to how much that person earns. For the United States, the budged deficit is nearly $60 billion dollars and on track to exceed $1 trillion by the end of the year. The United States government debt is currently at $15.8 trillion dollars. This national debt has continued to increase an average $3.92 billion per day since September 28, 2007.
GDP composite of china 2009 Physical capital accounted for almost 50% of total growth and labour for only a little over 10% over recent. Total factor productivity contributed the remaining growth, partly driven by the reallocation of labour from the rural sector to manufacturing. China’s savings are high but it is not the household saving, it is unchanged since 1990's, therefore the consumption is 35%. The corporate savings have increased due to the firm tendency to retain earnings. According to World scope data, over half of listed Chinese industrial firms did not pay a dividend over the past decade.
A little more than one and half billion people are estimated to live in absolute poverty today. Relative poverty refers to lacking a usual or socially acceptable level of resources or income as compared with others within a society or country. For most of history poverty had been mostly accepted as inevitable as traditional modes of production were insufficient to give an entire
A Critique of Minimum Wages and Employment: A Case Study of the Fast-food Industry in New Jersey and Pennsylvania Anthony Bolanos College of Business – Department of Management MBAA 522 – Business Research Methods Prof. Arnold Witchel Embry Riddle Aeronautical University Worldwide Abstract This report conducts a critique on a study published by Card and Krueger in 1994. Such study argues that an increase in minimum wage in the state of New Jersey had no negative impact on its fast-food industry employment rate. The study uses a survey as primary means of collecting its data. This is accomplished by conducting over the phone and personal interviews to participants with the help of a questionnaire. In the study, the authors use regression analysis as a statistical measure to correlate wage levels to employment rate.
Even though they accounted for just 38 percent of the population, immigrants still took majority of the jobs in the United States (Camarota, Zeigler). Government data illustrates that since 2000 all of the net gain
Obama, who announced this a couple of weeks ago, is in favor of taxing the rich citizens (making over 250,000 dollars a year as a family) a larger percent than the poor and middle class. You may have heard of the Bush Tax Cuts--this is when George Bush reduced taxes on the rich who were paying a larger percent of their money to the government than the poor and middle class. This also goes into the whole socialism aspect that many people have said Obama takes part in. Republicans are called conservatives, and this usually means that they are more for everyone for themselves. Democrats, or liberals, are usually in favor of taxing the poor less, and of healthcare for people who cannot afford it--this is known as Obamacare, which was repealed because it was considered unconstitutional.
Researchers found that immigrants who are only eligible for legal status, but not citizenship, would contribute about $832 billion to the economy in a ten year period, add 121,000 more jobs per year, and pay $109 billion in taxes over a ten-year period. Compare that to a scenario where undocumented immigrants are granted legal status and citizenship at the same time, the U.S. GDP would grow by $1.4 trillion over a ten year period, immigrants would help to create an additional 203,0000 jobs per year, and add $184 billion in tax revenue. In another scenario where undocumented immigrants are granted legal status and citizenship after five years, the GDP would grow by $1.1 trillion, there would be an additional 159,000 jobs per year, and add $144 billion in tax revenue." It's crazy to think we live in such an inhumane country where someone is so
Today, PPG operates in more than seventy countries around the world. (About PPG, 2013) As of the third quarter 2013, PPG reported their net sales of $4 billion, which was up 17% from the previous year (2112). Their adjusted earnings per share were record breaking at $2.44 per share, up 31% over last year with the recent recovery in the economy. Cash and short-term investments were $2.2 billion at the end of the third quarter. PPG anticipated its full-year share repurchases to be at the high end of what they had originally projected.