The unemployment rate consists of the labour force and number of people actively seeking work whom are unemployed within the labour force. The unemployment rate is calculated by :The number of employed x100 / Labour force. Between 1970 and 1983 there was a rise in this rate that peaked around 10%; this rise could have been attributed due to weak economic conditions that did not produce enough jobs for the supply of labour. From 1992 to 2007, Australia saw a gradual decline in the unemployment rate most likely due to prosperous economic conditions facilitating strong jobs growth. 2) Based on reading the chapter and our lecture discussions, you should be able to identify an “error” in Figure 11.2 (page 247).
A 25 year trend, 1979-2004 “The average after-tax income of the top one percent of the population nearly tripled…for a total increase of…176 percent. By contrast, the average after-tax income of the middle fifth of the population rose a relatively modest 21 percent… The average after-tax income of the poorest fifth of the population rose just 6 percent” (Aron-Dine). II. The bigger the income gap, the more crime, ect. III.
Market Research Plan: Effect of High Unemployment on St. Louis Housing Market Zach Will BUS369- Marketing Research March 6, 2012 Table of Contents Executive Summary………………………………………………………………p.2 Introduction………………………………………………………………………p.3 Problem Statement……………………………………………………………….p.3 Research Objectives……………………………………………………………...p.3 Review of Relevant Literature………………………………………………....…p.4 Research Methods and Procedures………………………………………………..p.4 Data Analysis and Findings……………………………………………………….p.5 Conclusions and Recommendations………………………………………………p.7 Limitations………………………………………………………………………...p.8 Appendix………………………………………………………………………….p.9-12 Executive Summary Like the rest of our nation, St. Louis has seen abnormally high unemployment rates over the past three or four years. This high level of unemployment has a lot of effects on our economy. The St. Louis housing market has certainly seen its share of impact from unemployment. People are selling their homes at too low of a price, and not many new homes are being built
“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.” (President Franklin Delano Roosevelt) What great words from someone who understood what the American economy would be like in the future. He knew that there would have to be some relief for low income families. In 2008 the poverty level was extremely high, 40 million people were living in poverty, and some were children under the age of 18, poverty increased from 18 percent to 19 percent in 2008. One of the most useful tools for combating poverty is the U.S. tax code. Unfortunately for too long tax laws in the U.S. had been written and written again for facilitate benefits flowing upward, disproportionately enriching
With increasing demand for these facilities, organizations are seeing 25 to 60 percent increases (November 27, 1986). For example, the Holy Trinity Ministry to the Poor projected a 144 percent increase this year (November 27, 1986). The economy of Texas with an unemployment rate of 9.5 percent (1.5 percent higher the past year) along with the increasing number of transient out-of-towners has helped increase the problem with homeless being on the streets (November 27, 1986). In addition, the shortage of more than 45,000 units of low-income housing,
Homelessness has decreased since 2007 (Katel).Katel understands that there are still a huge amount of homeless people in the United States so if minimum wage increases in 2007 potentially helped homelessness back then, then why wouldn't increasing it even more decrease homelessness. Experts agree that poverty is directly related to homelessness he goes on to say. Unemployment and low incomes are one of the main reasons for homelessness in the U.S. (Katel).He also states that housing the unemployed is not the best option because its possible that they would use the house as an advantage for drugs. As a result minimum wage increase could help homelessness rate in the United States. A counter is that, “it would lead employers to automate workplaces and reduce job opportunities for the lowest-skilled workers, while doing nothing to reduce poverty” (Mantel) In other words, It would make employers reduce their workforce which would overall increase unemployment (Mantel).
It’s very hard for people who is released from jail to improve in life because of the difficultness in finding a job. The levels of poverty thus increase. Also, after release it is more likely for them to face unemployment and more economic problems. The Pew article is stressed on statistics on the economy of former inmates. According to the Pew's Economic Policy group and the Pew Center, on the States shows that after release, former male inmates work nine fewer weeks annually and takes home 40 percent less in annual earnings, making $23,500 instead of $39,100.
According to National Academy of Social Insurance “social security faces a financial challenge from the impending retirement of the largest generation in American history, the 76 million persons born in the “baby boom” years, from 1946 through 1964. Boomers began to reach age 62 in 2008”. I believe that the aging of the population will place a strain on social welfare systems, and generations later will have to pay for the debt because more people are retiring than
These children are usually victims of low quality education and obstruct the income equality gap, as they grow older. Even though there are people who have earned a degree they still suffer from income inequality. In the Journal of Sociology and Social Welfare the author Raine Dozier states “black degree holders were able to keep pace in cumulative work experience, their wage trajectories flattened over their twenties, relative to both a previous cohort and young white degree holders.”(4) Is this fair to a person who may have the same degree but they are of a different race but still is a victim of this unbalanced economy? Do employers play a role in economic
Raul Hinojosa pointed out that the reason behind the welfare increase among the majority of newly-legalized immigrants would be due to their low education and income level and not an unwillingness to work (2). The 2006 law initiative S. 2621 would have legalized approximately seven million unauthorized immigrants. The study done by the Immigration Policy Center confirms that immigrants who were legalized in 1986 under the Immigration Reform and Control Act (IRCA) had an average increase of 15 percent in their hourly wage after five years (sec. 4). This means that the legalized immigrants pay more in federal and state income taxes; in addition, because they have greater income, they also use more services and buy more goods from a wider range of businesses, which will ultimately result in the