With the current economic market still reeling from the effects left by the recession that consumed the United States for eighteen months, we should take the time to weigh the benefits against the possible results that raising the minimum wage could cause. Statistics show that an increase in current wage would do more damage to the already unstable market, than the good that so many government officials want everyone to believe. The misinformation that is being delivered to the ever growing population of poor individuals provides them with false hope that the extra money that they will be receiving in their paychecks will pull them out of poverty and save them. The Truth Why Minimum Wage Should Not Be Increased The minimum wage debate has been ongoing since its inception when signed by Franklin Roosevelt on June 25, 1938. This bill has been widely criticized by its opponents generating countless studies as to the effects each forced increase would cause.
This essay will argue that the government should distribute subsidies for some people who are able to work, but cannot find a jobs to reduce economic problems, improve the standard of living of the unemployed, and even reduce crime. Unemployment basically means people who lack of seeking jobs. “The unemployed are people able, available and willing to work at the going wage rate but cannot find a job despite an active search for work” (Riley, 2012). Unemployment occurs when an expansion in demand rates, while the economic growth goes downward and layoff starts increasing because of a depression from the economy (Hardman, 1999). High rates of joblessness are the main obstacle that is damaging the social development as a whole.
Therefore, if we were able to increase competitiveness between businesses it would be beneficial to all. Competitiveness, in engineering especially, allows for steady growth in the engineering field and society as a whole. It would vastly increase the quality of life of the average person. Competition, both in general and in mechanical engineering, is necessary for a healthy society and there are many ways to increase it to benefit our economy. Aforementioned, competition is necessary and beneficial for our society in many ways.
Unfortunately, most secretaries only know how to use the typewriter, so employers will have a hard time filling new positions because the skills of the secretaries do not match their needs. (What is structural unemployment? (n.d.)) That would then mean that those secretaries would then have to be retrained to fit its future productivity. This would of course, increase structural unemployment, yet, it would also (in the long-run) increase employment, furthermore increasing the growth and sustainability of the economy. The government just needs to make sure that it is providing education and retraining workers in the areas that it is needed, as this would also help prepare the country for future technology developments (if there are to be any).
Overall the American immigration system hurts the economy because the country is not bringing is highly skilled workers; instead they are bringing in under skilled and high-risk immigrants. The only way that the economy can be boosted is if American politicians put their party lines behind them and pass proper immigration bill. Congress has been dragging their feet for the last twenty years because parties are afraid of losing control. Congressional bills aimed at reforming immigration could cut the waiting time for immigrants who are waiting for their green cards. The reform bills such as those recommended by the Jordan Commission would have significantly reduced the wait time for receiving a green card but political lines caused the bill to fail.
After 60 years of giving out thousands of billions of dollars to emergent countries, foreign aid must be stopped and be spent on helping America become more prosperous than before. Many people in the world argue that foreign aid is necessary for developing countries and should not be stopped from being given out. Scores of people argue that foreign aid is vital for the survival of the world’s economy. However, American aid has been going to countries that do not contribute to global development and is usually unknown to the charitable donator. When comparing America’s reason for foreign aid to other powerful nations, they do not share America’s views.
For an extended amount of time, Brazil was experiencing growth well above 4% (Graph 1) . However expectations of bad grades ahead (modest GDP growth) coupled with high inflation have significantly cut growth expectations. So no matter how much effort is put into reverting inflation back to normal levels, it is unreasonable to expect the government to reduce its expenditures, tax exemptions and other subsidies for education sector any time soon. Since investing more and establishing new infrastructures is timely and costly, a government with clear budget constraints won’t be able to provide much flexibility to the educational system. Providing this economical flexibility for the educational system would be like cutting to the bone when what this country really needs is its muscles and brains right now.
President Ronald Reagan once described America as, “A Nation at Risk,” He was addressing this statement to the education department thirty years ago and meant it as a wake-up call. He was aware that the United States was falling behind in education and needed to take action in order to prevent the demise of the country. Reagan correctly predicted the grim fate of America if education did not see improvement. Today, research finds that American education is failing to provide the necessary skills to succeed in college and various careers. The quality of education in America is a growing issue and every year graduate students are finding it more difficult to obtain high paying jobs and start his or her career.
According to a 2011 study conducted by the Conference Board, CEO’s are having a difficult time in finding and securing top talent, despite the fact of a 30% unemployment rate of Millennials during the time of the study (Kuhl, 2014). How can there be a lack of top talent with so many high educated Millennials roaming around just waiting for an opportunity to put their education and skills to use? This is an obvious question that needs a direct answer. There is undoubtedly a disconnection between efforts of searching for top talent by employers and the amount of Millennials as future talent for organizations (Kuhl, 2014). Why is there a failure to match up the two pieces of the puzzle?
I know a lot of people who had the potential to be far more productive in life but, they lack the education and skills required to fulfill their dreams. They had to settle for jobs that pay low salaries which makes it hard to pay their mortgage. Most of these people with these low salaries have been laid off their low paying jobs due to the recession, which makes it twice as hard to pay a cell phone bill, let alone a mortgage. Providing free college education nationally will definitely help make society more productive and the average salaries will increase nationally. Investing in education and saving recklessly spent money is the first step in solving the foreclosure crises.