The recession is all over the news, and how it is changing how American’s think, act, and spend today. In a recent article in USA Today, the effect of the recent recession and strained economy is reaching everyone, and reshaping lives. The weak economy is restructuring what people have grown accustomed to in past decades. The dismal economy is having a profound effect on life in the United States; from delaying marriages and divorce to reducing car and home ownership, and private school enrollment (Recession reshapes life in USA, 2011). The recent downturn in the economy is wreaking havoc on the American standard of living and forcing more cutbacks into an already frugal lifestyle.
A growing international competition has also impacted union importance amongst the industries. Product oriented markets were deeply impacted by the competition brought on by international counterparts. Inadequate wage adjustments and demands have accelerated the decline. Almost 66% Americans feel that unions do not benefit the economy, but in turn, hurt the economy, especially during an economic crisis. As of August 2008, labor union approval was at 38% and it fell to 25% in August 2009.
As more and more families continue to fall below the official poverty line (which in 2005 was an estimated $19,971) the government feels a greater sense of urgency to fix this problem. With the inflation of everything, especially gas prices, it is getting harder and harder for families like the Flintstones to keep up with the Jetsons. The last that could be decided as a social issue has to do with my second social issue which is the economy. Sine the Bush administration has taken over the white house, the economy has not been very good in america. With most of all the U.S. funds going towards a worthless war in Iraq, americans have been feeling the heat of our poor economy.
This is another effect of the war and how it impacted America. With all of the people who lost their jobs, the unemployment rate went down drastically. It became very difficult for people to find jobs and even harder to these people to provide for themselves and their families. The economy crash and recession hit the United States very hard and the citizens of the states are still trying very hard to recover from it. With the help of the government and the president Barack Obama’s efforts to create jobs, the United States are slowly starting to recover from this huge
Then if you work in a typical government job, you were safe. After all, the depression hit for jobs where many were unemployed. Then on that day, some cities across Canada were actually protesting or rioting. The only thing they wanted was good wages and jobs. After years gone by only a World War II would give jobs.
“Heavy equipment operators, industrial mechanics, industrial electricians, building trades, steel and iron workers, automotive trades, welders,” she said to name a few types in demand. “Economists are saying the skilled trade worker shortage may affect Canada’s ability to compete on a global market,” she said. Information and Communications Technology: Between now and 2015, more than 120,000 jobs will have to be filled, said David Ticoll, director of the Canadian Coalition for Tomorrow’s ICT Skills. “Half (the hires) will be to fill new positions and half will be to replace people who have left the field, due to leaving the workforce or shifting to non-ICT jobs,” he said. Occupations waiting to be filled include designers of new technologies — cyber security and data analysis, for example — and especially management jobs that combine business and technology skills, including IT managers and chief information officers.
The value of taxes on items also decreased. Revenues gained from new development were also decreased, leading to the unemployment rate. Although the 2007-2009 recessions had many hardships the economy will recover. The unemployed workers still feel the effects of this recession. It was devastating and painful to them and their families.
There was a 27 day crisis when the Whitlam government couldn’t get its Supply bills passed and it was during this period that there was an escalation in un-employment and interest rates and this was all because of the governments’ big spending developments. With an escalation in un-employment it meant that the generation of jobs for everybody was finished. It was during this economic recession that profits collapsed and industrial disagreements intensified. House prices were similarly been raised and inflations were getting out of control as the government was on its second year of developments and new spending on health, urban development, education and the environment. As the government backed up big wage rises consumer prices rose and because since there was a global food shortage it pushed up food prices.
This was a terrible time for many Canadians, as many men and woman had lost their jobs.  The stock market crash happened because too many people were investing in stocks, hoping to make easy money, but backfired on Canadians. More people we’re losing their jobs, and the economy would be falling more and more. By the 30’s, technology had not been as advanced as it is today and because of the advanced technology, more job opportunities are offered to many people thus with the many job opportunities. Canadians will not have to rely on stock market as they did in
Joblessness and persistent unemployment continues to drive the poverty rate higher. The economic damage extends to the broader workforce and the country in general, through lost wages, income and wealth, as well as higher poverty. The national unemployment rate is currently 9.1%, and it has been at or above 8.8% for the past 28 months. The underemployment rate has remained between 15.7% and 17.4% since the spring of 2009, and it currently stands at 16.1% (Mishel). Because of the current state the economy is in, it has been difficult for people to earn a decent paycheck or even sometimes find a job to support their families.