First of all, we will talk about what uses we have for the penny. The penny is a U.S. symbol in a way, so there is a comfort with keeping the penny. Most people in this country believe it is a useful coin, presents Joseph Carroll. In fact, most Americans are more likely to pick up a penny off the ground if they find one, rather than leave it (Carroll). By some calculations, rounding sales tax to the nearest penny rather than the nearest nickel (every cent rather than every five cents) saves Americans $1-2 billion per year
In 2001 United States Representative Jim Kolbe introduced legislation to Congress to eliminate the penny coin in most transactions. Although this legislation failed, there are still consistent calls to eliminate the penny as the smallest-denomination United States coin. Our nation is founded on passed traditions. Any American can look basically in any place to understand why America has thrived for centuries. Every tradition, sculpture, monument, or artifact gives Americans history about what has occured. The country struggles to destroy any of these long kept traditions. Although some traditions are completely relevant, the use of the penny is of little worth today. Whether the penny is rolling around in your pocket or resting at the
In America’s modern day economy, the penny is very useless and irrelevant in our society today. As source C states, “The time has come to abolish the outdated, almost worthless, bothersome, and wasteful penny.” There is not one item that can be purchased with a penny anymore (Source C). As source C states, “it takes nearly a dime to buy what a penny bought back in 1950.” Stores such as the Dollar Store prove how the cheapest items you can purchase are with only a dollar, not a cent. Pennies are shoved out of the economic picture by credit cards and because of the modern-day technology, there are even self-service machines that help convert coins into paper money (Source B). Furthermore, pennies are easily tossed into piggy banks or appear behind chair cushions. It is not used the same way as it was before.
In his essay, “History for Dollars,” David Brooks argues the importance of the study of the humanities to improve your reading ability and i agree because the humanities focus on reading and it helps improve your reading skills because you’re gaining more knowledge of reading. He talks about the enormous power of being that one person in the office who can write a strong and concise memo. He stresses the idea of one who has the ability to read for understanding, write, and paraphrase issues with efficacy helps you in life succeed in
Wenhui Qi Different places, same hard life “To be a member of the working poor is to be an anonymous donor, a nameless benefactor, to everyone else”. Barbara Ehrenreich in her book Nickel and Dimed explored life as a low wage earner by working several “unskilled” jobs in different areas of the country and attempted to live off the wages she earned. She undertakes many noble trades, working in low wage and underappreciated jobs while trying to figure out how the people of this country do it every day. She also looks to examine the functional and conflict theories of stratification as they relate to the low wage jobs she pursues. The goal of Barbara was to find out if she would be able to live off the money she earned, and by also having enough money to pay the monthly rent.
For her book, Nickel and Dimed: On (Not) Getting by in America, Barbara Ehrenreich, a middle-aged female investigative journalist, assumed the undercover position of a newly divorced housewife returning to work after several years of unemployment. The premise for Ehrenreich to go undercover in this way was due to her belief that a single mother returning to work after years of being on welfare would have a difficult time providing for her family on a low or minimum wage. Her cover story was the closest she could get to that of a welfare mother since she had no children and was not on welfare. During the time she developed the idea for the book, “roughly four million women about to be booted into the labor market by welfare reform” were going to have to survive on a $6 or $7 an hour wage; the wage of the inexperienced and uneducated. This paper will discuss Ehrenreich's approach to the research, her discoveries, and the economic assumptions we can make based on the information presented in her book.
In the excerpt from Barbara Ehrenreich’s, “Nickel and Dimed”, Ehrenreich uses her own knowledge and scientific experience from a PhD in biology to further research the life of a low wage worker. She goes through her own low wage job experience with the corporate cleaning agency, “The Maids.” Ehrenreich offers a profound perception of the day-to-day challenges and sacrifices that low wage workers face to keep their jobs, support their families, and survive in a corporate driven society.
The research excerpt, “Nickel-and-Dimed” conducted by Barbara Ehrenreich, explained the day-to-day of the low-wage workforce in America. Ehrenreich conducted the experiment by immersing herself in the” world that welfare mothers are entering”, as she recalls. To commence her journey, she finds a place to live for $500 in Key West, Florida. After she is acclimated in her “sweet little place” she runs through the ads to find work. Ehrenreich finally, lands a job at Hearthside Hotel for $2.43 an hour plus tips. On the first day, she follows Gail, a waitress, to learn the tricks of the trade. She quickly feels overwhelmed by the work and learns that she is incompetent. The first problem she encounters at Hearthside Hotel are the managers she has
The penny has been in America for centuries, it's a sentimental object for Americans everywhere. However many have debated on whether or not it should be eliminated or continue being made. The penny should be preserved because it is apart of American culture, given to charity, and keeps items cheap.
Pennies have always been respected for having played a big role in american history but does the penny actually deserve to be held in such high regard if it's just collecting dust under the couch. Since 1857, the penny was used and changed throughout the years but it might be a better idea to get rid of the penny because of its expensive production costs and its effect on the economy.
A buyer brings along with him snacks that he would like to purchase in a dollar store: chocolate chip cookies, a Pepsi, gummy bears, and a bag of chips. He waits in line, eager to consume this huge delight. It is his turn, and he hurriedly placed his treats on the counter, waiting anxiously to pay immediately. The cashier replies to him, “The price will be $5.99, sir.” The buyer takes out five one-dollar bills and four quarters. Not an instance did he ever use a penny in this case, which he thought was useless and meaningless. As you can see, the penny has become quite worthless and diminished in purpose. Many citizens would prefer to round up and pay rather than spend time and look in their
In addition, There are many reasons why the penny should go out of existants because, the penny costs more to make than its initial value. However the penny only costs 1.8 cents to reproduce while the nickel costs 9.4 cents. Why could we get rid of an object that can help fundraisers or an object that can be made in another metal. The penny is also an important item of American culture. In the article from a general interest magazine published in 2014 titled ¨ The Ever- Changing Penny¨. Maria Story explains some of the changed the penny
The tale of the penny is a saddened fate of how history changed the tide from once revered and valuable to now uninspiring and a burden. Inflation has diminished its value to where now taking 7 cents to buy what a penny brought in 1956. Today this U.S cent is no longer pivotal in American currency and is finding itself to be more trouble than it’s worth. One of the glaring issues is producing a penny costs more than its own worth. The time is now for the penny to end the 230-year journey and fade away as dust in the wind. But, this coin continues to persist while evading every effort to meet its demise.
In article 1 paragraph 5 of “Penny Anti” They state that “Pennies are costing each of us nearly $50 a year given the average wage per hour”. Though that is true if we get rid of the penny we would have to start rounding to the nearest nickel. Over time, rounding to the nearest nickel could mean a big loss for consumers, which was said in source 4 paragraph 3. In article 3 paragraph 1 they state that “One-cent coins constitute a complete and utter waste of taxpayers' dollars—not to mention a waste of our time and energy”. Though we do pay for them in our taxes at least we are keeping the penny going so it could could be with future generations. Pennies are important, some may not know what they are paying for but if they knew what would happen if we were to abolish the penny they would not argue. So after hearing another pointing view we would still want to save the
Pennies are also used to make bullets for guns. Pennies can be used in other ways to, like if you have a child you can teach him/her how to count, You can put them in a jar and turn them in and you can toss them in wishing wells. Pennies have been used as idioms to for example “a penny for your thoughts” Is an idiom. If the us get rid of the penny then we are throwing money away. People have been collecting pennies for a long time and all that time would have just been a waste of time. The penny has been around for a long time and money is money. You don't want to have to round to the nearest nickel and pay more. The penny is a great
The origin of the gold standard came from the use of gold coins as a medium of exchange, unit of account, and store of value. While gold has played these roles since ancient times, the gold standard as a legal institution dates from 1819, when the British Parliament repealed longstanding restrictions on the export of gold coins and bullion from Britain. Later in the 19th century, the United States, Germany, Japan, and other countries also adopted the gold standard. At the time, Britain was the world’s leading economic power, and other nations hoped to achieve similar economic success by following British precedent. Given Britain’s preeminence in international trade and the advanced development of its financial institutions, London naturally