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Unemployment in the united states essay
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Unemployment in the united states essay
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In today’s grim economic climate, cartoonists across the country have taken pen to paper to satirize and make light of the gloomy situation the United States is currently in. This particular cartoon deals with several major economic principles, such as the idea that people face tradeoffs (Raj). To illustrate, in society, there is a tradeoff between efficiency and equity. Efficiency means society is getting the most it can from its resources, whereas equity is distributing economic prosperity fairly among the members of society. Another principle this cartoon addresses is that a country’s standard of living is attributable to the productivity of the country (Raj). Well, when these principles are examined in light of today’s economy, they are not being applied well. We are hardly productive, as we are in the worst recession since the Great Depression, millions have lost their jobs, and in the tradeoff between efficiency and equity, the
latter is certainly not winning. Currently, in the United States of America, unemployment is at
9.5% and 14.6 million people are unemployed (“Employ...
The first cartoon is with Theodore Roosevelt wearing hunting gear and holding a gun. There’s bull sitting on the moon reading the newspaper. There are different names for this political cartoon, like don’t shoot, I’ll come down, the beef trust and et cetera. This cartoon was made when TR was “trust busting” small corporations. After Jungle by Upton Sinclair, people and TR wanted changed. So changes were made and the Federal Meat Inspection Act of 1907, which made sure that inspections are made before meats are processed and ready to be delivered.
Nobel Prize winner, professor, author and economist, Joseph E. Stiglitz, wrote “Of the 1%, by the 1%, for the 1%.” Joseph E. Stiglitz served during the Clinton administration as chairman of the Council of Economic Advisers and is former senior vice president and chief economist of the World Bank. Throughout his piece Stiglitz argues how America’s economy is not likely to succeed in the future. Stiglitz creates a strong and credible argument throughout his piece by using the appeals of ethos, pathos and logos.
America has always seen as the symbolic ideal country of prosperity and equality. This is the reason why people come to America hoping to become successful, but in matter of fact we all have an equal plan field to be successful is not entirely true. For there are social boundaries that keep use limited based upon our own status. Whether we are born of a low class or of a high class the possibility of economic mobility in a sense are predetermined by two factors of social class and success together they both affecting one’s another opportunity of success. In order to achieve success, we must know that it is made up of two main concepts and they are fortune and position.
People can still restate it; first, recognizing “how much trouble we’re [Americans] really in,” and then, the citizens can determine the sacrifice they have to make to stop the declining economy and help the United Stared has the standard of living it used to have (567). Also, Americans have to accept that the government is playing an important role in the declining of the American dream and for that reason Americans have “become a hapless, can-t do society, and it’s, frankly, embarrassing. Here, Herbert offers a clear solution to bring the (wanted) American dream back, saying to his audience that Americans need to start taking this in consideration. Nevertheless, he presents a hasty generalization when attributing most of the economy problems in US to the government because what makes every country has a good economy is not mainly its government, but its citizens and the desires to prosper; Cal Thomas in his article “Is the American Dream Over?” [A response’s article of “Hiding from Reality] believes that people who think the government can make their life better are “putting their faith in the wrong place” and “displaying cult-like faith, which can be never fulfilled.
Smith, Noah. “How to Fix America's Wealth Inequality: Teach Americans to Be Cheap.” The Atlantic. Atlantic Pub., 12 March 2013. Web. 06 April 2014. .
Although most Americans continue to believe working hard is the most important element for getting ahead, they no longer believe that it guarantees success (Hanson 2010: 570). "Lack of thrift, effort, ability, motivation, and self-control are the most popular explanations for poverty among Americans. Thus, inequality is justified and the Dream can stay alive in the context of one of the wealthiest nations with one of the greatest wealth divides" (Hanson 2010: 571). Instead of one undifferentiated American dream to collectively strive towards, there are several interpretations which pertain to differing social locations. This is because of the inequalities of advantages and disadvantages across generations produced by cumulative institutional processes and an unfair opportunity structure (Pallas 2008:
At one point in time poverty was the general fact of the world. Man was always expected to live on the line of poverty, majority of the economic thinkers couldn’t see the world moving away from this standard but we did and have gained great affluence. As society has grown from this poverty stricken state it once was in, into an affluent one, the ideas used to run it have yet to change in some ways. In The Affluent Society, John Kenneth Galbraith explains how with great economic growth there should be growth in economic ideas as well.
Briefly state the main idea of this article: The main idea of this article is that economic inequality has steadily risen in the United States between the richest people and the poorest people. And this inequality affects the people in more ways than buying power; it also affects education, life expectancy, living conditions and possibly happiness. Another idea that he brought up was that the American government tends to give less help to the unemployed than other rich countries.
...e work all year at full time jobs and do not make enough to lift their families out of poverty." (270) America has the resources to change the system to a more equitable one. Karla points out that the United States ."..is the richest economy in the world with the resources to obtain an income distribution of its own choosing." (94) We chose to maintain and perpetuate the system of distribution that we now have.
Gwartney, James D., Stroup, Richard L., Lee, Dwight R., Ferrarini, Tawni H. 2010. Common Sense Economics: What Everyone Should Know About Wealth and Prosperity. New York: St. Martin’s Press.
In order to sustain a vibrant economy, the government needs to help the poor with their resources. The poor are poor not because they don’t work, but because government has failed to provide wages that American families can survive on. Cost can be an issue but the cost to subsidize the workers with low-wage jobs are higher (Kukathus 49). Acknowledging ethical and reli...
With means of production becoming more efficient due to the introduction of modernization and technology, workers jobs begin being replaced by machines. No longer is the laborer’s skill of any value to the capitalist, especially, when the worker can be replaced by a more affordable machine, or when they can be replaced by the exploitation of another countries’ cheaper laborers or resources. With capitalism main objective being profit at whatever means possible; we see that one nation isn’t enough to contain this destructive force, so it stretching across the globe. When the differences of age, sex, race, nationality, gender and any other distinctive social validity, the sobering consequence develops the very demise of the capitalists and creates an untamable globalized chaos caused by the force of productions and the greed of the
Immanuel Kant was an eighteenth century philosopher whose ideas redefined philosophical views of morality and justice, and provided a base for modern philosophers to argue these ideas. In Groundwork of the Metaphysics of Morals, he argues against Hume’s idea of utilitarianism. Kant also explores the idea of freedom, free action, moral action, and how to determine if our actions are moral by use of the categorical imperative.
Money is an essential part of life where every people can satisfy whatever they need and every person in America has a chance to find a job. However, some of the people in the country wanted to go on with their life freely by being a part of a welfare. Furthermore, distribution of wealth is a huge demand of every citizen. Everyone today is trying to look down for every people in the lower class, as they did not give any benefit to the country, waiting for the benefits that they will receive from the government. For instance, when most lower class people have gone through a financial crisis due to overspending, insufficient fund or pay for their work to support themselves and/or their family. The example shows that lower class people made the economy of the country unstable, however, the middle class and the higher class is at fault as well. Furthermore, even though the benefit of that the lower class received is from the middle class, the middle class as well benefits from the higher class. To sum up, every class is at fault towards giving the country’s economy a positive
Unfortunately, there are many Americans out of work in today’s current declining economy. Unemployment can be defined as a person who is out of work involuntary, not by choice. These people are looking jobs and available to start work. Being unemployed can be disheartening and deciding what the next step is can be challenging. Underemployed can be described as being inadequately employed, such as a low-paying job that requires fewer skills than one possess. (Daly, Hobijn, and Kwok 2015) Making ends meet can be difficult for one who has been affected by this economy over the past few years. America still has a high unemployment rate since the decline of the current job market. And many Americans are struggling to establish the skills needed for employment, or the underemployed are force to lower they skill to make a profit. America’s economic status has force the underemployed and unemployed to make ends meet with the current jobs available. And last but not least some have also utilized these difficult times to venture into new discoveries to make life hassle free. So, we wonder is Americans giving up in today’s economy or do they settle for lower end job to establish a steady income to make ends.