Meanwhile in the macro picture employers have shortage of employment even with the large unemployment numbers, causing inflation to increase even while unemployment is so high. This creates a repetitive cycle, less production, less jobs, higher prices, less purchases due to cost. Teenagers are affected by this cycle as well. According to ( Coy, 2014) unemployed teenagers are in at... ... middle of paper ... ...lity; I definitely wan to do my part to learn what politicians want to do about unemployment. I want to make an educated decision about who to vote for in order to help our economy.
Since the Federal minimum wage is already a high rate, it would be pointless to make it even higher when our country is already in debt. It is true that people with minimum wage jobs will have more money to spend on more things. It will help low income family’s pay some bills and not have to have a stressful job. However, $10.10 an hour is still not enough money to support a family or afford house or car payments as well as electric and water bills. “A 1997 National bureau of economic research study estimated that the federal minimum wage hike of 1996-1997 actually increased the number of poor families by 4.5%”(Henderson 54).
Reasons for why more women of color live in poverty are they have a larger pay gap, their spouses of color earn less than white men, and they are more likely to be single mothers. Even though, statistically there are more white single mothers, women of color are more disproportionately represented to be single mothers. As single mothers they have to support their family with their earnings, which is typically low. Women of color are usually paid 64 and 55 cents for every dollar earned by white men (Boushey, Gordon, & Ross, 2014). Income Inequality and Men Men faced similar challenges as women in employment rates and income.
Mead claims that “the hallmark of today’s poor adults is that “they seldom work consistently,” and “are notably less self-reliant” (211). Furthermore, that, while “much of poverty could be blamed on the fact that unskilled wages were too low for many people to escape poverty” in the past, nowadays it is a “simple fact that rising wages has pulled most of the working poor out of pover... ... middle of paper ... ...he nation’s prosperity as increases in benefits and wages to poor and working class Americans. Most of the gains due to the rise in the GDP in recent years wind up in the hands of the wealthiest of Americans. The increase in income inequality has cause stagnation in real wages among low skilled workers and has led to an increase in poverty. Unable to gain the education necessary to escape the cycle of low skilled jobs with little chance of upward mobility, children of parents who are in poverty stand a higher chance of being in poverty themselves.
It was found that boys were more likely to live in single-father homes than they are to live with their mother. It was also found that among children ages 15 to 17, there were twice as many boys living in single father homes when compared to girls living in single-father homes. The reason may be boys are more difficult to raise and require a male figure which they can better relate to in their adolescent years. In terms of mother-child families, the possibility exists that they may be exposed to a lower income household due to the already present disparity in salary between men and women. There have been examples exposed where men were found to earn twice as much than twice as much as their female counterparts.
But in 1977 the bottom 35 percent had about twice as much after tax income as the top one percent. These statistics further show the disproportional income growth among the social classes. The gr... ... middle of paper ... ... lawyers make more than a store manager for example , but many jobs such as being a president are not rewarded well, because a basketball player or a celebrity can make millions more than a president. This is unfair because carrying out the job of a president is a lot harder than acting or playing a certain sport. If the Davis-Moore thesis actually been accepted by a society than the president would probably make the most money.
College Graduates Underemployment and Unemployment: What are the Causes of Today’s Recent Graduates Failure to Launch? Statistics show college graduates are having a difficult time finding employment more than the generations before them. The question is, what are some of the underlying factors creating the lack of employment opportunities? Between the years 2000-2013, the percent of unemployment for college graduates with a bachelor degree was better than their non-graduate counter parts. As a matter of fact, the level of unemployment is lower for all age groups with college degrees vs. non degree holders.
The average high school graduate makes about a thousand dollars less annually today adjusted to inflation then in the year 2000 (Employment, Work; Employment Projections). This trend continues as the need for unskilled and uneducated continues to drop due to the increase in technology that can replace factory and farm hands. It is a problem on the larger scale because American society has lost potential doctors, teachers, and engineers. These people could have cured cancer, written great novels, or solved food shortages across the world. These jobs are in great demand and pay heavily (Employment).
This percentage was halved when variables such as work experience and education was made equal. The factor which played the biggest influence on statistics was work pattern. Men undertook more hours of paid labor and more years of job experience than women. The evidence collected in Eagly and Carli 2004 , expresses the impact that takes place when women have a deficit in human capital investments such as work experience, education and training. Small differences such as hours invested in paid work and amount of work experience one has affect... ... middle of paper ... ...r president, 42% of respondents favored a man, 31% favored a woman, and women and men were more likely to favor their own sex.
The era of volatility has created a shift from America being the middle-class society to simply rich or poor (Sachs, 2011). A gap this large has not been experienced since the 1920’s (Sachs). “The top 1% of households takes almost a quarter of all household income” but an economy this top heavy will not be able to succeed (Sachs, 2011, p. 30). The working classes are struggling with housing, wage, and employment issues. Rich individuals are ignoring these troubles, shipping their business operations out of the country, thus furthering the downward spiral of the economy (Sachs).