Footballers seem to think that they are recession free despite the club that they play for is losing money and on the edge of bankruptcy and the main banks in huge debt, footballers still demand their pay. Craig Johnston in a report for the Telegraph described the footballers as ‘living in la la land’ as ‘footballers don’t need that much money, footballers don’t need THREE Ferraris’’. I agree with this statement as footballers could easily live of the average salary (£33,000) and have one or two ‘normal’ cars. Although it is in human nature to accept the millions if they are offered
Cecilia Luna Ms. Wilson English 12 1 October 2013 Athletes are not over paid Athletes are not over paid for three reasons: human capital value, law of scarcity, and the opportunity to earn as much money as he or she desires. Thousands of people create human capital value, which pays professional athletes accordingly. Think about it, if citizens didn’t think entertainment was important, they wouldn’t pay for overpriced objects at a football game such as key chains or team jerseys. The fact that they are not paid primarily on tax dollars and more from the fans pockets, shows that they earn their money fair and square. Without any actors, athletes, or musicians the world would be a boring place because America is driven by entertainment.
If there is no minimum amount the company has to pay, it can save some costs that it might otherwise incur. 2. The company can hire more people at a lower income and in fact decrease unemployment 3. B. Deprives students and low skilled workers an opportunity to make an earning (Rector) 1. Minimum wage actually make low-income citizens and students worse off by pricing them out of a job due to their minimal skill sets and resources 2.
How many years will it take for $197,000 to grow to be $554,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding of interest? 8. At what quoted annual interest rate must $134,000 be invested so that it will grow to be $459,000 in 15 years if interest is compounded weekly? 9. An annuity pays $24,000 per year for 11 years (first payment one year from today).
And he didn’t have to deal with a 7.2 magnitude earthquake” (Dorish). These are cold hard facts that Dorish is stating, and they make sense. Players really don’t have many options. Not many are going to be able to play overseas, and if they are then they are going to get paid much less than they would playing in the states; even with the pay cut. Anyone reading this would agree that the players seem out of luck, and that the owners are going to win in this battle of millionaires versus billionaires.
Recession is two consecutive quarters of negative economy growth. During recession, there is low level of demand because people don’t have much money to spend. So they look for cheaper products that they can afford. At this time businesses confidence gets low as people aren’t demanding for their products so they would have to cut out their productions as they don’t need to make as much products. At this time they would need to provide cheaper price to attract their consumers and to increase the demand.
However, there is one huge difference between the players in the National Football League (NFL) and the players in the National Collegiate Athletic Association (NCAA). Players in the NFL make a lot of money for their performance, while players in the NCAA never see a dime for fueling a multi-billion dollar industry. Players are sent to schools not to advance their education and obtain that increasingly important degree, but to play football. Graduation rates are quite low on many of these teams because the message players take to heart is that if they work hard on the football field, eventually they can make it playing professional ball and become a millionaire. Money drives the desire for so many of the players to play at higher levels.
They also live for the moment (present gratification). Some sociologists say that these attitudes and values prevent people from escaping poverty. For example, the attitudes and values of the poor mean that many don't stay in education, so they can't use qualifications to escape from their poverty. Some sociologists criticise this explanation of poverty because although it shows how people in poverty might adapt to their situation, it doesn't explain why people are in poverty in the first place. Another explanation of poverty is the poverty cycle.
Unfortunately, since the programs in the United States seem to be focused on alleviating some of the effects of relative poverty they have done a "lousy" job of teaching people how to stay out of poverty--finish school, don't have children unless you are married, get a job and good intentions are not enough. It's unclear how much good all these extensive programs have done since they are seldom reviewed by Congress; but they have spent an enormous amount of money--almost $717 billion in Federal funds plus $210 billion in state funds for $927 billion total in 2010--and increasing fast. [5] Unlike in Europe, Christian democratic
I believe if someone would have spoken to the soldiers and the families to see what their thoughts on the shut down was, the public would get a better insight on what military families have to face. The shut did last longer than what people had expected. It did cause uproar among the military community because military families live paycheck to paycheck. Military families rely on getting paid on time and resources such as WIC and Food Stamps. The way some people viewed this situation as it was unfolding, was in a manner of what are these soldiers and families will do had they not gotten paid.