Supporters of the Democratic jobs bill say that more reforms and more legislation is the key to getting America’s economy intact. They feel the more the government controls, the less likely more damage will be done to the economy. This is a false belief because the Democrat’s plan to cut taxes and create tax incentives to many Americans will just drag out the ultimate recovery and reforms provide medial recovery. “It takes money to save money, after all” (Mailleo 33). The huge economic bailout of 2009 did absolutely nothing to help and ended up hurting more than helping. Democrats try to point out flaws in Cain’s 9-9-9 plan and his economic recovery plan by saying lower class Americans will be hurt the most. With the middle class slowly shrinking smaller and smaller, lower class citizens are a growing population. One must realize though that the 9-9-9 plan is an overall idea, a finalized plan cannot be expected till the future.
The article contends that there are millions of people in the United States that have been unemployed prior to the 4 weeks required to be counted in the Bureau of Labor Statistics survey. It also describes the different kinds of unemployment and why it is that the monthly survey of the Bureau of Labor Statistics is misleading. It explains the composition of unemployment and the duration of time it lasts among people. Instead of the 3.9% calculated by the Bureau of Labor Statistics it concludes that an estimate of 7% is more accurate.
Inflations and unemployment in America have been great sources of chaos. The fact that wealth has never been evenly distributed has always caused the rebellion and in some cases retreatism posed by sociologist Robert Merton. Today Bush’s presidency has caused the jobs of many people. About 113,000 workers have been cut from payrolls since September of last year. In numerous occasions Bush has said, “The slowdown is real and is affecting too many lives. I want the American people to know we're deeply concerned about the unemployment rates and we intend to do something about it.", yet he has not developed any new plan to stop unemployment or at most decrease it. This presidential attitude in turn has led many to reject the story that society c...
The government is hard at work trying to create new laws and bills that will help get the American working man back on track. The Obama Administration had recently created a job bill or stimulus package that would end up helping 1.6 million Americans regain or keep their present jobs. One critic, however...
The article entitled “February Best Month for Hiring Since 2006” by Andrew Soergel is an article that not only gives hope to Americans all over the country, but also is an article that emphasizes the importance the government has when it comes to making changes to policies that effect the participation in employment. During this time, many Americans have had a hard time with employment. Obviously, this affects a person’s a life in a huge way. The article “February Best Month for Hiring Since 2006” shows the many ways that being employed or not being employed can affect a person’s life. Not only does this article emphasize that point, but it also does a really good job of showing how the government affects employment as a whole. It amazes me
The dominant economic paradigm in American thought has always placed a strong emphasis on efficiency, and concomitant concepts such as individualism and autonomy. A corollary to this thinking is that the individual is dynamic and efficient whereas the government is an ossifying bureaucracy, resistant to change and anathema to efficiency. The individual is the creator of wealth; the government is the parasitic redistributionary usurper that feeds upon this wealth. This aversion to government assistance and oversight of the economy has had dramatic and substantive effects on our nation’s social structure and welfare system. By maintaining a “laissez-faire” approach to the market, workers have been subject to the many vagaries an unregulated market unleashes; such as unemployment and slow wage growth. Inflation, slower wage growth, and deregulation have led to economic chasms separating the richest from the poorest, but instead of the federal government trying to vigorously assist the less fortunate, it has actually grown stingier and more averse to helping. The politicians routinely speak of the positive effects of finding a job; as if America’s poverty would dissipate if the poor would simply find an entry-level position. But the government’s failure in ameliorating the harm caused by slow wage growth prevents catechisms such as “find a job” from being the panacea politician’s promise.
One problem faced today is the number of Americans unemployed and how many families who are suffering from the poverty rate. Unemployment is a problem discussed and seen throughout America. With the unemployment rate hitting 6.6% in January 2014, the nation should focus on lowering that number so welfare can be a last option for the unemployed. Blacks have the highest unemployment rate of 12.1% followed by Hispanics with...
Downsizing, restructuring, rightsizing, even a term as obscure as census readjustment has been used to describe the plague that has been affecting corporate America for years and has left many of its hardest working employees without work. In the year 2001 we had nearly 1.8 million jub cuts, that’s almost three times as much as the year 2000(Matthew Benz). In the 1990's, one million managers of American corporations with salaries over $40,000 also lost their jobs. In total, Fortune 500 companies have eliminated 4.4 million positions since 1979 including the 65,000 positions cut in February of 2002 (Ellen Florian). Although this downsizing of companies can have many reasons behind it and cannot be avoided at times, there are simple measures a company can take to make the process easier on the laid-off employees and those who survive with the company.
The job loss rate for college degree workers was 11% and this was the highest it has been since the 1980’s and also the older the workers were running a risk of losing there jobs. The duration of these unemployments were also hitting new records at an aver...
A key to victory this November is the unemployment rate. According to a Bloomberg National Poll conducted in March 8-11, 42% of Americans consider unemployment and jobs as “the most important issue facing the country right now” (Priorities). Although there has been 24 consecutive months of private sector employment growth, the Federal Reserve suggests that the numbers could fade in the coming months. The importance of creating more jobs cannot be stressed enough. No President in the recent era has been reelected with the unemployment rate above 7.2% (Roth). To paint a picture, in late 1982, the unemployment rate topped 10.8 under Ronald Reagan. However, about 36 months later, the rate dropped to 7.2% percent. The drastic drop in the n...
while or even not at all, they will not be hired as they have no
Unemployment rates refer to the number of people who have been verified as being with no employment and who have actively tried to secure employment within the current past without success. This means that these categories of people are willing and able to work but there are no employment opportunities. The unemployed group of people does not include people who have no jobs and have not been trying to get employed. Thus to be termed as unemployed there must be some demonstration of efforts to gain employment (Trading Economics).
In a recap, the three policies introduced, the Unemployment Reformation Act of 2059, the Infinite Education Opportunities Program Act, and the Unity Tax, will be a vital part in restoring and surpassing expectations for decreasing the percentage of Americans unemployed by ten to fifteen percent within the next six to eight months. I believe that with these policies the chances of a recession will not occur for a long period of time. For that matter, a recession may not occur again depending on how successful the unemployment plans develop. Nevertheless, I predict that by the year 2109 the employment rate for Americans will reach eighty-three to eighty-five percent.